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Telegram’s Gram Token is going to have an unofficial token sale

June 11, 2019 | Cryptocurrency

Telegram, the de facto messaging app of the crypto community after raising a record $1.7 billion through a token sale last year to limited accredited investors., is opening up for a public sale of its Gram Token.

The Gram Token sale is exclusive on the Liquid cryptocurrency exchange on July 10. This is a limited offering of the token before it goes for a full public sale in October.

It’s worth noting here that, it isn’t an official token sale form Telegram. Instead, the exchange which raised funding at a $1 billion valuation is calming to stuck a deal with a Korea based organization, Gram Asia for an undisclosed amount of token. The organization claims to be the largest token holders of Gram in Asia.

The official announcement detailing the token sale doesn’t include any official comment from anyone working closely with the Telegram’s official cryptocurrency project.

Commenting on this scenario Liquid CEO Kayamori said in an interview with TechCrunch that, “unfortunately, that’s Telegram and  how they have operated from the beginning.”

Kayamori also assured in the interview that this token listing is above the board and as per the plan of the “Telegram Open Network” - TON project currently under development.

If you want to buy Gram tokens, then there is a through the process as planned out by Liquid. As per which there will be rigorous KYC process along with a limited 1000 USDC buying bar to participate in the sale.

Also, the token sale isn’t open for investors from the US and Japan among other countries.

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