SOCIAL PROOFS IS THE NEW MARKET CAP

Telegram has long been the playground of crypto traders and enthusiasts. The great migration began sometime last summer, after ICO teams tired of running Slack channels that were filled with spam and spoofing. As a side effect of The Grammening, Telegram channel numbers became a useful metric for gauging a project’s support. Twitter followers can be bought, and no one in crypto uses Facebook, creating the perfect storm for Telegram to rise to the top.

Gone are the days when researching new coins and tokens was an esoteric art limited to a handful of crypto traders. Now everyone’s trying to catch the next Bitcoin, Ethereum, or Raiblocks, and that means getting in on the ground floor. Buying a coin as soon as it’s listed on a small exchange is no longer enough. Nor is buying a coin at the ICO stage. These days, true profit comes from getting in at the pre-sale stage, which means getting onto the whitelist – and that isn’t always easy.

99% of all ICOs use Telegram as a channel to interact with their communities. This means that we can measure the strength of ICO communities by measuring how big these ICO Telegram groups are.