Web3 has been adopted by many companies in the non tech and tech space for the last few years, especially since the bull market happened in previous cycles.
The bull market has led many companies to dive deeper into what Web3 is and found out that it has new innovations that can cut their expenses by a significant amount.
Not only have many companies adopted the innovation, new companies have also been built on top of those companies as partners or just coexisting in an ecosystem that previously had no intention of adopting crypto.
One of them is Telegram, a well known privacy centered messaging platform that is used worldwide.
What are The Differences Between TON and LIME?
Telegram has adopted the Web3 technology by creating a side product that coexists in the Telegram ecosystem.
The products are called Toncoin and iMe, which are two different products but correlated to Telegram in the sense that they use APIs or other existing infrastructure that Telegram created.
Toncoin is a decentralized network that was created by the Telegram team themselves in the hopes of enhancing the privacy aspect of the messaging platform.
Sadly the project was too overwhelming for the team as they have abandoned it. Luckily, another team called TON Foundation has taken over which evidently transformed the whole product of the project.
The product went from a decentralized Proof of Work Blockchain to a Proof of Stake Blockchain with a new utility and governance coin called TON.
The blockchain itself can now be used to transact on the Telegram platform itself where there is a decentralized wallet now attached to the messaging platform.
On the other hand, iMe is a decentralized messaging and DeFi plus AI or Artificial Intelligence analytical platform that can be used to analyze crypto and talk about them in a community.
The project utilizes the Telegram API or Application Programming Interface, essentially making it a part of the Telegram Ecosystem.
iMe has its own token as well, called LIME which is its utility token that is used to pay fees and can be staked to earn rewards.
TON Token Economics
The TON coin has an unlimited supply with the current supply standing around 5.1 Billion TON which are minted by the day.
The coin is minted through the validation process that was taken from the previous consensus mechanism which was the Proof of Work.
Now that it has transitioned to a Proof of Stake Blockchain, it moves similar to Ethereum, in the sense that the coin can be staked, but the maximum supply is unlimited.
Fortunately, there is a burn mechanism that the team implements for the coin so that the supply does not go too high, making the coin still worth a fair value in the long run.
If you own TON, you can stake them on either the decentralized wallet or on another platform where the average return is around 3% to 4% per year.
The team currently owns around 1.45% of the overall current supply, but it goes down as the inflation rate of TON is around 0.6%.
LIME Token Economics
Looking at the LIME Token, it seems that the token economics is different, where the total supply is capped at around 1 Billion LIME.
Fortunately, 50% of the overall token is being locked, making it much harder for a whale or a centralized investor to lower the token’s price.
The market capitalization however is still relatively low, sitting at around $54 Million which means that it can still experience some volatility.
Looking at the allocation however, it seems that there is one account holding around a third of the supply of LIME.
Also there are four other accounts, which include exchanges that hold overall more than 50% of the token supply.
Conclusion
Looking at the token economics, it can be seen that LIME is considerably more volatile than TON, which means that if you are looking to invest in the long run, you should lean more towards TON.
But, if you are looking for short term gains and volatility, then LIME might be the right token for you in the Telegram ecosystem.
Note that however, both are still relatively risky, which is why it is important to always use proper risk management when dealing with these cryptocurrencies.
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