Check out the latest episode of Crypto Chats, where we dive into Fanton — one of the most ambitious Web3 projects building a real business on TON.
Eldar Khayretdinov, CEO & Founder of Fanton, joins the episode to discuss how they’re bringing Fantasy Football to life within a Telegram web app bot and creating new ways for fans to engage.
Fanton By the Numbers:
▪️3M+ Total Registered Users ▪️500K+ Monthly Active Users (depending on the football season) ▪️30-50K Daily Active Users ▪️300K+ Wallets Connected
Check out the latest episode of Crypto Chats, where we dive into Fanton — one of the most ambitious Web3 projects building a real business on TON.
Eldar Khayretdinov, CEO & Founder of Fanton, joins the episode to discuss how they’re bringing Fantasy Football to life within a Telegram web app bot and creating new ways for fans to engage.
Fanton By the Numbers:
▪️3M+ Total Registered Users ▪️500K+ Monthly Active Users (depending on the football season) ▪️30-50K Daily Active Users ▪️300K+ Wallets Connected
At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised. Additionally, investors are often instructed to deposit monies into personal bank accounts of individuals who claim to represent a legitimate entity, and/or into an unrelated corporate account. To lend credence and to lure unsuspecting victims, perpetrators usually claim that their entity and/or the investment schemes are approved by financial authorities. At its heart, Telegram is little more than a messaging app like WhatsApp or Signal. But it also offers open channels that enable a single user, or a group of users, to communicate with large numbers in a method similar to a Twitter account. This has proven to be both a blessing and a curse for Telegram and its users, since these channels can be used for both good and ill. Right now, as Wired reports, the app is a key way for Ukrainians to receive updates from the government during the invasion. In the United States, Telegram's lower public profile has helped it mostly avoid high level scrutiny from Congress, but it has not gone unnoticed. During the operations, Sebi officials seized various records and documents, including 34 mobile phones, six laptops, four desktops, four tablets, two hard drive disks and one pen drive from the custody of these persons.
from cn
