Please select To the mobile version | Continue to access the desktop computer version
Cyber Bitcoin
Edited by qqqpeter at 2019-6-13 10:52 reported, the blockchain project of the communication software Telegram, Telegram Open Network (TON) issued the token Gram will be publicly sold on the Liquid Exchange on July 10.


According to the official information of the Liquid Exchange, the Gram token issued by Telegram will be opened on July 10th. To purchase the token, you must first register with the Liquid Exchange and bind the legal currency bank account to the exchange account. The exchange only accepts US dollars or purchases Gram tokens from USDC, a US dollar stable currency issued by Coinbase.

According to the white paper, the total amount of Gram tokens issued was 5 billion. In private equity, a total of 44% of the total was sold, totaling 2.2 billion tokens. The first round of private placements was primarily for institutional investors with a minimum purchase of $20 million and an average price of $0.33.

The second round is for professional investors with a minimum of $1 million and an average price of $1.37. The private placement of the tokens will be divided into four stages, unlocking 25% in 3 months, 6 months, 12 months and 18 months after TON goes online. In addition, the team holds 56% of the tokens, a total of 2.6 billion tokens, 10% of which will be awarded as a developer and 4% as a fund for team operations.

According to TechCrunch, the tokens sold on the exchange did not come from the 2.6 billion tokens held by the Telegram team, but the tokens purchased by the Korean company Gram Asia during the private placement period. It is rumored that the company is A company with the largest number of Gram tokens in Asia. The Liquid Exchange and Gram Asia have not yet released detailed token sales and prices.

The telecom software Telegram has more than 200 million users worldwide and sends an average of 70 billion messages per day. In addition, Telegram is known for protecting users' privacy and can be one-to-one through a tailor-made encryption protocol. Chat provides end-to-end encryption.

Telegram Open Network (TON) conducted ICO fundraising in January last year, in two rounds, in January and March, with a total fundraising of US$1.7 billion. It is the second ICO project in history, second only to EOS's $4 billion.

Previously, TON, as a new blockchain network, focused on providing distributed file storage services, creating smart contracts or Dapps, micropayments, and peer-to-peer transactions on the TON blockchain network.

The purpose of the Gram token is roughly similar to that of Ethereum or EOS. It can also be used as the gas charge for the TON blockchain, as a token for the token, voting, and the cost of developing the Dapp.

The token sales market is aimed at users all over the world. However, due to regulatory issues, registered users in the US and Japan cannot participate in the token sales. However, this token sales are not IEO, Gram tokens. The sales amount should be higher than the average price of the second round of private placements of $1.37.

Use magic Report

All comments
    You have to log in before you can reply Login | register

    Points Rules

    Related Products
    • 86183871832049
    Quick Reply To Top Return to the list