Telegram tokens going on sale to the public on Liquid
Messaging giant Telegram tokens are being offered to accredited investors through a limited listing that precedes public sales later this October. A Korean company Gram Asia that claims to be the largest holder of Gram tokens in Asia says they will be selling its own reserves of Gram tokens, to the public on the crypto exchange Liquid.com.
How much each token will cost or the of amount of Grams to be issued to the public has not been announced. The token sale will take place on July 10th with the U.S. and its territories, Korea, and Japan among many nations where they will not be offered most probably due to concerns that the token might be deemed a security in those jurisdictions. In 2018, Telegram raised over $1.7 billion, in one of the largest ICOs with sales of Grams only to accredited investors with a minimum of $1 million unlike most typical token sale.
Notably on the gram sale page on the Liquid website “TON adds velocity and scalability to a multi-blockchain architecture that addresses the need for minimal transaction times and airtight safety.” is displayed, It is also worth noting that any gram tokens sold in the upcoming offering will be locked in Liquid wallets until the TON mainnet comes online in accordance with the delivery schedule and thus will not be tradable.