[ad_1]
The gram token of the giant of the Telegram messaging app, previously sold to accredited investors in the largest ICO of all time in early 2018, must finally be offered to the public.
As reported by TechCrunch, a limited token sale in grams will be held on the Liquid Stock Exchange effective July 10. The offer would have preceded a full public sale scheduled for October. The cost of the token and the total targeted for the increase are not yet disclosed.
The sale is made via Gram Asia, which, according to TechCrunch, is a Korean entity claiming to be the largest holder of Gram tokens. Liquid's website describes the company as a "trusted partner" of Telegram.
Grams was previously sold only to accredited investors in Telegram's massive two-phase OIC in February and March 2018 – a sale that raised approximately $ 1.7 billion and was by far the largest fundraising effort ever made via an offer of cryptographic tokens.
The funds were to be used to develop the Telegram Open Network (TON), an ambitious blockchain designed to decentralize multiple facets of digital communication, from file sharing to transaction and navigation.
According to the grids sales page on the Liquid website, "TON brings speed and scalability to a multi-blockchain architecture that meets the need for minimal transaction time and tight security."
It also indicates that the sale is open to all investors in the world, but excludes certain countries, including the United States and its territories and Japan, probably because of the fear that the symbol is considered a guarantee in these countries .
As previously reported by CoinDesk, the question of whether Telegram would possibly hold a public sale was in doubt due to such regulatory risks.
It should also be noted that tokens in grams sold in the next offer will not be immediately tradable.
The website says:
"The sold tokens will only be released after TON (Release of the Network) has been commissioned in accordance with the delivery schedule. Buyers will not be able to transfer, withdraw or exchange the grams until they are released. "
Investors who register with Liquid for sale may purchase grams in either US dollars or USDC. A full launch of chips is planned for late October, says the site.
Telegram image via Shutterstock
Source link
