Unlike
other messaging app, using Telegram for crypto businesses is simple. You
doesn't require any additional software because of the power of Telegram Group
& Telegram Channels.
Cryptocurrency
admin has been using “crypto Telegram group “or “crypto telegram channel” to
market their businesses and manage their customer relations.
The
telegram has become the best place to work in Crypto businesses. Your Customer
who wants to know about the company behind learn Cryptocurrency won't learn
much from the company's website or from its Facebook page, but Telegram Channel
and Telegram group will provide access to the team behind the offer and a place
to ask questions about the product and the Crypto information
Picture 1 : crypto telegram Group link
For
this reason, many groups have been created in the telegram with the following
topics
·
crypto trading telegram group
·
best crypto telegram groups
·
cryptocurrency telegram groups
·
cryptocurrency trading telegram group
·
bitcoin telegram channel
·
ethereum telegram group
·
ico telegram groups
If you
plan to build a crypto telegram group or ico telegram group for your business,
join us for training. We'll cover how to create a Telegram Group & how to
create a Telegram channel.
Difference
between a Channel and a Group
Telegram
channel : only creator and admins with the "can send post"
permissions can send posts and members are only viewers of the messages.
Telegram
group : as default all the members can participate in the groups but in the new
version of telegram, admins/creator can restrict other users and they may not
be able to send messages.
What
is a Telegram Group
Telegram
groups allow you to invite other Telegram users into a single chat, where all
members can contribute. For example, you can add your customers to a
Cryptocurrency telegram group. you can add up to 200,000 people. We've never
participated in a group this size, but we imagine it is quite the experience.
Telegram
offers both Telegram Public Group and Telegram Private Groups.If you are
planning to create a group on the telegram for ico telegram group or crypto
telegram group, you must first think about making it public or private ?
Telegram
Private Groups vs Telegram Public Groups
There
are a few key differences between private Telegram groups and public Telegram
groups. In private Telegram groups, only the creator can invite people to the
group directly. Telegram Private Groups cannot be found with in-app search. The
group is private, after all. For example, you only want to distribute your
crypto trading signals to dedicated users only, and you only want the people
you add to have access to the crypto trading signals.
Picture 2 : private Group link via Plublic Group link
Public
Telegram groups are the polar opposite. They make it as easy as possible to get
more users in the groups so that you can use the 200,000 member limit fully.
You can use Telegrams in-app search to find public Telegram groups and the
invite link is available to all members of the group. For example, you want to
distribute your crypto trading signals to all users That join to your group.
Cryptocurrencies, or virtual currencies, are
digital means of exchange created and used by private individuals or groups.
Because most cryptocurrencies aren’t regulated by national governments, they’re
considered alternative currencies – mediums of financial exchange that exist
outside the bounds of state monetary policy. Bitcoin is the preeminent cryptocurrency and
first to be used widely. However, hundreds of cryptocurrencies exist, and more
spring into being every month.
According
to Jan Lansky, a cryptocurrency is a system that meets six conditions:
·
The system does not require a central authority, its
state is maintained through distributed consensus.
·
The system keeps an overview of cryptocurrency units and
their ownership.
·
The system defines whether new cryptocurrency units can
be created. If new cryptocurrency units can be created, the system defines the
circumstances of their origin and how to determine the ownership of these new
units.
·
Ownership of cryptocurrency units can be proved
exclusively cryptographically.
·
The system allows transactions to be performed in which
ownership of the cryptographic units is changed. A transaction statement can
only be issued by an entity proving the current ownership of these units.
·
If two different instructions for changing the ownership
of the same cryptographic units are simultaneously entered, the system performs
at most one of them.
What
is ICO?
ICO
stands for “Initial Coin Offering”. In a nutshell, ICO is a process to raise
fund for a specific project in terms of cryptocurrency, such as Ethereum or
Bitcoin, in return for its tokens that can be used in its specific services or
applications.
Similar
to initial public offering (IPO), instead of money in terms of fiat currencies
e.g. U.S. Dollars is being raised, cryptocurrency is raised to support the
project for ICO. In return, a certain number of tokens that is built on its
specific application blockchain technology will be allocated to the
contributors instead of shares. These tokens can be traded on some private
exchanges.
Alternatively,
some may describe ICO as an alternative mean of crowdfunding to support
blockchain-related projects by means of token sale, of which the tokens can be
applied to their services and applications.
How
Does ICO Work
From a
creator’s perspective, a service or application is to be built based on
blockchain technology with protocol, set of rules and white paper being
established. Afterwards, the creators will bring forward the white paper, which
will illustrate the details of the project e.g. project idea and mechanism,
implementation schedule, capital required etc; and arrange token pre-sale,
sale, marketing and listing through various communication means and private
exchanges.
ICO
will be opened for a fixed amount of token sales within a certain period, which
usually varies from a few weeks to a month. Some may open for various rounds of
token sales with limited amount of token to be sold during each phrase.
Furthermore, some ICO may offer pre-sale for privileged or selected investors at
a discount before the actual sales date. In general, the token issuers will be
transparent regarding the token mechanism and token allocation, which will
usually state in the white paper.
Acquire
Bitcoin or Ethereum through Registration with a Cryptocurrency Online Exchange
To
participate in ICO or token sales, you need to obtain Bitcoin or Ether, which
are more commonly accepted for ICO, as ICO or token sales usually will not
accept fiat currencies like US dollars. Since most of the project idea and application
of the ICO are leverage on the Ethereumplatform, hence Ether may be more
popularly acceptable in general while Bitcoin or even some other altcoin can
still be acceptable depending of different ICOs.
If you
do not own any cryptocurrency, you can consider registering an account with an
online cryptocurrency exchange, and then purchasing Bitcoin or Ether through
the online exchange. It usually takes a few days, which varies from different
online exchanges, for a normal person to register with the online exchange
service providers because of the Know-your-customer (KYC) and Anti-money
Laundering (AML) regulations. Due to KYC and AML regulations, you are usually
required to provide your personal particulars e.g. name, date of birth etc.,
official identity proof e.g. passport copy, and address proof to open an
account with the online exchanges, which they will then process and validate
your information
After
you successfully registered an account with the online exchanges, you can
purchase for Bitcoin, Ether, or any other available cryptocurrencies with your
USD, EUR etc. as transferred to the online exchange. The cryptocurrencies that
you purchased will be sent directly to your online wallet of the online
exchange that you registered.
As you
will rely on the online exchanges to keep your cryptocurrencies for you, it may
be risky to store your cryptocurrencies with them, of which you may lose your
cryptocurrency, due to counter-party risk such as the online exchange may
collapse or being attacked or hacked by others. Therefore, it may be safer to
store your cryptocurrencies in a more secure software or hardware blockchain
wallet that is under your control.
Establish
your Cryptocurrency Wallet
Since
most of the ICO or token sales are held on Ethereum platform, it is better to
have an Ethereum-based wallet. Do note that not all blockchain wallets are
suitable or compatible for ICO as some may only support Bitcoin storage but not
Ethereum-based cryptocurrency.
MyEtherWallet
is slightly different from traditional web-based wallets, which does not hold
your private keys. Therefore, the wallet owner will have the control of the
Ethereum’s private key. It is an open-source wallet with inbuilt blockchain and
ethereum facility. The wallet can also connect with other hardware wallets e.g.
Ledger Nano S or Trezor, which you can access to your funds in these hardware
wallets via MyEtherwallet browser
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