Research and Analysis on the Long-term Value of TON and LIME Ime Messenger

Author: SanTi Li , Feng Yu, Naxida

Introduction:

2024 is the new starting point for Web3, and many ecosystems have also ushered in their own explosive period. As one of the world's largest instant messaging platforms, Telegram's success at the Web3 level Value and potential have also attracted relatively widespread attention. This article aims to provide an in-depth analysis of the long-term value and potential contribution to the Web3 world of TON (Telegram Open Network) and LIME (iMe Messenger), which have recently attracted much attention overseas in the Telegram ecosystem.

1. Basic introduction

TON (Telegram/ The Open Network): Strengthen Telegram’s underlying public chain

As the basic underlying public chain of Telegram (TG), TON relies on Telegram's 1.5 billion users and about 800 million monthly active users. Although the user data may include duplicate users and robots, the scale is still huge. TON once set a record for the largest ICO in history. Although it has experienced refunds, TON's recent relaunch and operational recovery have shown its strong resilience and development potential, and it has restored operations and momentum. By attracting more projects to develop on the chain, TON increases the diversity and potential of web3 project applications for Telegram.

LIME (iMe Messenger): More Enhanced version of Telegram with rich chain functions

Web3 upgrade of Telegram: As a multi-chain and functionally enhanced version built on Telegram, It provides important technical support and functional expansion on its way to becoming a leader in the field of Web3 communications. iMe has 1,000,000 users and has achieved about 500% user compound interest growth in the past three years. It allows Telegram’s 1.5 billion users to seamlessly switch to the iMe version, use the same account, while keeping all historical records unchanged, and be able to switch between the two Chat records are automatically synchronized between versions, providing users with great convenience.

Comprehensive multi-chain integration and rich functions:The iMe version of Telegram not only fully inherits all the public chain functions of TON, but also Integrated multi-chain wallet, allowing users to send multi-chain assets including BTC, ETH, BNB, Polygon, TON, Fantom, and Mantle directly between Telegram friends. (Integrating: AVAX, Sol) and other multi-chain assets.

In addition, Lime introduces customized AI functions, GameFi, payment solutions (Binance Pay, etc.), DeFi services, DEX integration and SocialFi potential to Telegram (e.g. Twitter integration, transferring tokens to friends through Twitter ID), as well as innovative features such as cross-chain bridges. These enhancements not only improve the user experience, but also enable Telegram to translate conversations in multiple languages ​​and convert voice messages into text within 1 minute, significantly improving its market competitiveness and bringing value, win-win growth and products to Telegram's ecosystem diversification.

As a bridge to the Web3 world:iMe version essentially serves as a functional integration and expansion developer, integrating innovations in the Web3 world with Telegram Ecology is closely integrated. It not only optimizes and expands Telegram's original functions, but also introduces diversified new functions, providing a convenient channel for Telegram to add more heterogeneous chains. Through these innovations, iMe has significantly improved Telegram’s user experience and application breadth. At the same time, TON, as the underlying L1 chain, provides a solid ecological foundation to support the development and growth of diverse projects.

2. Strength and innovation

• Technical team background

In the TON and iMe project teams All have top technical talents from Russia and Ukraine. Russian development technology enjoys a global reputation, providing strong technical support and product stability for these projects. The Ime level is also one of the few projects that is developed based on TG but is smooth and smooth.

TON is a decentralized and open internet platform created by the community driven using technology designed by Telegram. It has its own native cryptocurrency Toncoin, which is used for network operations, transactions, games or NFT transactions, etc. The TON network provides a variety of applications and services, aiming to provide a decentralized, safe and reliable Internet and various services.

iMe’s innovation and user experience

iMe on Telegram On the basis of it, a number of innovations in Web3 and encryption technology have been introduced, significantly improving the user experience. It not only optimizes communication functions, but also introduces multi-chain wallets, AI functions, GameFi, etc., enhancing Telegram's appeal as a multi-functional platform. In particular, its Cryptobox and cross-chain bridge functions provide Telegram users with a new way of rapid interaction and asset conversion, promoting the application and popularity of Telegram in the Web3 field.

• User experience

Improvements in interface and interaction design: iMe has greatly improved the Telegram interface by adding new key areas and functions. Improved user interaction experience, making the operation intuitive and easy to use. This design idea helps reduce users' learning barriers to new technologies and promotes a smooth transition for Telegram users to the Web3 field. Compared with the dialog-type wallet of the original version of TON, the iMe version of Wallet adds a new button area in the telegram, and its functions adopt a familiar interface more similar to non-custodial wallets (such as I'm token, TP). Make it seamlessly integrated into Telegram.

Integration and optimization of functions: iMe integrates multi-chain wallet, AI technology and GameFi into Telegram, which not only It has optimized the original communication functions and provided users with more interactive and entertainment options, enhancing Telegram’s appeal as a multi-functional platform.

iMe’s latest Cryptobox and cross-chain bridge functions, on the one hand, allow Telegram users to send and receive BNB, ETH, BTC, TON within the group Multi-chain token gifts provide an innovative and fast interaction method, further promote the application and popularization of Telegram in the Web3 field, and enhance the participation and activity of the community.  In addition, the cross-chain bridge function also makes it more convenient for users to convert assets between different heterogeneous chains.

3. Brief analysis of token economy and valuation

iMe’s success has expanded Telegram usage scenarios, combining traditional instant messaging services with the latest encryption technology and Web3 applications. This integration not only enhances the value of the Telegram platform, but also provides its users with more diverse services and experiences.

LIME application scenarios:

• Staking

• Gas fees for transactions and operations

• Purchase Telegram upgrades and special version services

• AI function selection

• Cryptobox application (similar to group red envelopes and airdrops)

< li>

DAO voting

• Advertising and game services

  < /li>

February valuation of FDV : $8M, current valuation: FDV : $90M (  $0.09B)  ,   Long-term valuation:   FDV: $3-5B

LIME's valuation has seen a relative increase in the past period, perhaps because it was too severely undervalued before, and also because the popularity of the TG ecosystem has begun to gradually increase recently. The rise in LIME’s valuation reflects its growing importance and expanded application scope in the Telegram ecosystem. Compared with the valuations of many unreleased private placement stage projects, if a new project has more than 10 million users, it also belongs to AI, SocailFi, GameFi, TG, and comprehensive cross-chain tracks. Then the valuation of this project may exceed the valuation of more than 500 million in the private placement stage (this is only a rough personal estimate and analysis, not an investment recommendation or a deterministic analysis) 

Deflation model and token destruction

LIME will begin to adopt a burning deflation model from 2024-03-20, and the project will pass fees and provide services The LIME tokens obtained will be frozen and destroyed regularly. Including: staking fees, CryptoBox fees, bridging fees, iMe premium subscriptions, channel subscriptions, advertising, game subscriptions and many other areas.

This measure aims to reduce the supply of LIME in circulation and enhance its scarcity and value. The first destruction process is planned to take place on June 1, 2024. To increase demand and improve transparency

TON consumption scenario:

• Ecological participation

• Gas fee< /p>

• Vote

• Pledge< /p>

• Donation and purchase of services

February valuation FDV: $10B, current valuation: FDV $21.2B ,  long-term valuation: $60-90B 

TON's Token value is closely related to the official Telegram itself. Even though the official said it has become a community version, there is still more direct support at the actual level, including payment of advertising fees. The rough Pre-IPO valuation of Telegram itself is around US$30 billion. If it successfully IPOs and goes public in the future, the valuation may exceed US$50B-80B.

If the analysis of TON itself is based on the analysis of TG users and the public chain ecology, the market value still has a certain room for growth, but if TG goes public in the future, to a certain extent It will also dilute the value of TON itself. Because the valuation of Token is often tied to the ecosystem itself, the current market valuation may still be a certain distance from its high point. Therefore, before Telegram’s official IPO is successful and listed, the value of TON itself will continue to be in line with the market. The form maintains a certain relationship. The long-term value may still have room to fluctuate several times.

4. Win-win relationship and market positioning

Collaborative growth of TON and Telegram

h3>

TON provides Telegram with an underlying public chain based on itself, laying a solid foundation for the overall ecology of the platform. Although the TON chain, like many heterogeneous L1 chains, faces the challenge of updating supporting facilities, it has great potential. If the user experience is good, it also has the opportunity to create a unique L1 ecology and market popularity.

iMe’s expanded influence

The addition of iMe Messenger (LIME) actively expands Telegram's usage scenarios in Web3 fields such as communities, multi-chain applications, AI, cross-chain and DEX have significantly optimized the user experience and added additional functions. This not only enhances the overall value of Telegram, but also brings more diverse services and experiences to users. As a version optimization and function aggregator, iMe facilitates Telegram users to directly and quickly access the Web3 world.

Market positioning and user growth

iMe relies on its unique services and functions in Web3 and occupies a special position in the instant messaging market. Closely combined with the huge user base and growth potential brought by Telegram, iMe's users have grown from 2 million to 10 million in the past three years, a growth rate of 500%. As blockchain technology and cryptocurrencies gain popularity, iMe's user base is expected to continue to grow.

TON chain has also witnessed a gradual increase in the number of users since 2024. As the underlying public chain developed based on Telegram, all Telegram users can seamlessly use the functions of the TON ecosystem. Whether you use the original Telegram or the enhanced version of iMe Telegram, it will not affect the use of TON functions. The wallet convenience in iMe may reduce the need for TON native wallets, but as an integrated entity rather than a competing entity, the use of iMe will not reduce the number of TON chain holders.

Through this complementary and win-win relationship, iMe and TON jointly promote the development of the Telegram ecosystem, which not only enhances the user experience, but also brings benefits to the Telegram platform Broader market positioning and user growth potential.

5. Partial function display:

1) One-click conversation translation:< /p>

2) Function embedding-group gifts, AI Bots, Binance Pay, Crypto Multiwallet, Staking, etc.

6. Challenges and Countermeasures

Although both parties have shown strong growth potential, and Telegram has a huge user base and huge potential, it still has to face the technical security, user privacy protection and compatibility with traditional financial systems that all projects have to face. challenges. With the SEC’s policy unclear, TON’s final direction is still unclear, but its potential has already emerged. Whether Russia's policy towards blockchain is favorable or not will also affect the trend of the project to a certain extent. Obviously, as the world's super social platform besides WeChat, TG has also become a place where various types of Web3 and others can use their imagination. Both companies also need to continuously optimize their technology platforms and strengthen security measures to ensure the long-term compliance and stability of their services.

7. Summary and value analysis

In February's "Potential Analysis: 2024-2026 Year 5-100 Times Web3 Exploration of Blockchain and Stock Targets" In the analysis of the article, we also briefly mentioned IME and TON. The valuations of both parties have increased to a certain extent in the past month.

After a comprehensive analysis of the long-term value of TON and LIME iMe Messenger in the Telegram ecosystem, we can see that these two projects not only contribute to the Telegram platform It has brought innovation and added value, and played an important role in promoting the popularization and application of Web3 technology. In 2024, with the rise of Web3, TON, as an underlying public chain, will use its strong community and Telegram's huge user base to demonstrate the broad application potential of blockchain technology in the field of instant messaging. LIME iMe Messenger, as an enhanced version built on Telegram, not only optimizes the user experience, but also promotes Telegram’s functionality in the Web3 era by introducing multi-chain support, AI functions and built-in DEX, Binance Pay and other advanced features Flexible expansion and transformation at all levels.

Through these two projects, the Telegram ecosystem is becoming a bridge connecting the traditional Internet and emerging blockchain technology, providing users with a safe, convenient, and rich Digital communication platform. At the same time, the development of TON and LIME iMe Messenger also shows that with the continuous advancement of technology and the increasing maturity of the ecosystem, Telegram is expected to play a more important role in the wave of Web3.

In short, the cases of TON and LIME iMe Messenger not only demonstrate the strong potential of the Telegram ecosystem, but also provide us with valuable insights into the future development trends of the Web3 world. perspective. For all individuals and institutions concerned about the future of digital communications, blockchain technology and Web3, this is undoubtedly an area worthy of attention and in-depth research.

Finally, TON's long-term value benefits from its ecological development and frequency of use, which is similar to other L1 approaches. The prosperity of ecological projects is needed to further increase the demand and consumption of TON itself.

Ime’s long-term value benefits from its innovation, integration, integration, optimization and continuous improvement of services, empowering TG gameplay At the same time, the increase will drive the demand for LIME itself. The deflation policy and the Token lock-up and destruction policy of service income will also gradually increase the demand for project tokens to a certain extent.

Quick summary in one sentence: TON, as L1, continues to expand Telegram’s bottom chain ecology, and Lime integrates more external chains with Web3 The gameplay is directly brought into the Telegram software.