Report: Liquid Cryptocurrency Exchange to Hold Public Phase of Telegram ICO
According to the June 11th press release Cryptocurrency exchange Liquid will be the first to host app Telegram’s Gram tokens encrypted messaging when it goes public. However, The Telegram has not issued an official statement yet. As of last year the app raised $1.7 billion for its Telegram Open Network (TON) project at a private coin offering event.
An unofficial announcement TON channel on Telegram stated that Liquid could be attempting to catch on to the hype surrounding the as-of-yet unreleased token urging the investors to wait for an official press release from Telegram.
The largest Gram holder, Gram Asia will now offer an undisclosed number before a full sale in October. “We share the vision for a more secure and open value transfer system in order to enable the mainstream adoption of cryptocurrencies,” Liquid CEO, Mike Kayamori, commented in the press release. He added: “The TON Blockchain infrastructure can help enhance Telegram’s current capabilities as a peer to peer network of value, with the launch of their cryptocurrency light wallets for Telegram’s highly engaged user base.”
The participation requirements in the public sale are rigid for regulatory reasons, the grams will not be tradeable and some countries ‘citizens will be excluded.
Two weeks after Telegram released a testnet version of the TON client, which itself follows an broad development process and the Q3 launch date. Telegram has not responded to a request for comments as of yet.
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