Gram Asia Rolls Out Telegram Tokens Public Sale
June 18, 2019
Crypto society has long discussed that tokens from Telegram’s ICO (Initial Coin Offering) would be available for a broad audience. Yet it’s not just talks now.
A Korean company Gram Asia that calls itself the major keeper of Telegram‘s Gram tokens in Asia announced it would hold a public sale. It will be performed through Liquid, online cryptocurrency trading platform, on July 10, 2019. Investors can buy Gram tokens for USD or USDC stablecoin.
However, there are several things you should keep in mind before making some investments into that affair.
First of all, it’s not actually Telegram, who is making a deal. Gram Asia, despite a rich fond, has no direct connection to Telegram’s ICO. That is probably one of the most reasonable doubts around this event. Besides, neither the official app nor Gram Asia has given information on prices or amount of Telegram tokens, which they are going to sale.
Last year, Telegram had launched its largest ICO and raised a record-high $1.7 billion by selling to almost 200 accredited private investors. Gram tokens are under aggressive limits and not available for sale in certain countries including the USA, Canada, Japan.
Crypto buyers should also beware of the fact that there are no coins yet. Actually, they are supposed to be released on October 31, 2019, when the Telegram Open Network (TON) blockchain-based platform is forecasted to launch. Until then, testing continues, and there is no specific information about Gram token. Still, Gram Asia states that it will transfer tokens to TON-compatible wallets integrated on Liquid after the official launching of TON blockchain. As they say, investors will get their money back in case of troubles.
Nevertheless, the hoped-for idea of buying Telegram‘s cryptocurrency tokens sounds pretty nice, still, you should remember that it is strange for companies not to endorse sales and partnerships, and for buyers to invest in the thing which doesn’t exist yet.
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