Sleeping Giant: Tencent backed OST

I’ve seen a lot of rumours flying around recently about partnerships between LTC and Facebook or LTC and Amazon, but no-one seems to be talking about the partnership between OST and Tencent which already exists.

For those who might not realise this, Tencent are the owners of WeChat, an integrated platform that goes way beyond Facebook and offers instant messaging, ecommerce and just about every other service you can find on the internet these days. It’s a one-stop shop for the online world.

With the current hype around Telegram launching its own blockchain platform, it seems logical that WeChat might be one step ahead in this game. Wouldn’t they just use the Simple Token platform, that they are early backers of, to mint their own in-app cryptocurrency? It would explain why they were keen to get on board with the project.

With the team behind Simple Token, as well as the fact they already have 9 companies confirmed that will be minting their tokens on the platform in order to tokenize their economy, (including 704Games and GushCloud, which are both well established companies) it seems like this one is an absolute steal.

To me it looks like people are searching for/shilling rumours of non-existent partnerships when OST is already in bed with one of the largest players in the market. Please DYOR but to me, seems like this is massively undervalued at $200m marketcap…