Liquid Cryptocurrency Exchange to Host Public Phase of Telegram ICO

[Goodcat49]

Cryptocurrency exchange Liquid will be the first to host encrypted messaging app Telegram’s Gram tokens when they go on public sale, a press release confirmed on June 11.

Telegram, which has not provided an official statement on the move, became the focus of international attention last year when it held a private initial coin offering (ICO) for Gram, which raised $1.7 billion for its Telegram Open Network (TON) project.

At the time, it was thought no public phase would follow, but the largest Gram holder organization, 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 requirements for participation in the initial public sale are stringent. A raft of countries’ citizens are excluded for regulatory reasons, while grams will not in fact be tradeable, instead held in stablecoin USDC until October.

https://cointelegraph.com/news/liquid-cryptocurrency-exchange-to-host-public-phase-of-telegram-ico

[masterrex]

Cryptocurrency exchange Liquid will be the first to host encrypted messaging app Telegram’s Gram tokens when they go on public sale, a press release confirmed on June 11.

Telegram, which has not provided an official statement on the move, became the focus of international attention last year when it held a private initial coin offering (ICO) for Gram, which raised $1.7 billion for its Telegram Open Network (TON) project.

At the time, it was thought no public phase would follow, but the largest Gram holder organization, 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 requirements for participation in the initial public sale are stringent. A raft of countries’ citizens are excluded for regulatory reasons, while grams will not in fact be tradeable, instead held in stablecoin USDC until October.

https://cointelegraph.com/news/liquid-cryptocurrency-exchange-to-host-public-phase-of-telegram-ico

I thought this project was not push through because it was very silent in the previous months. But im glad everyone is venturing into cryptocurrency sphere so we can drive mass adoption.

[Zed0X]

I thought they were able to raise more than enough funds during the private sale. How many people do they have to pay with that $1.7 billion and still needed to raise more funds?

.

You do not have to quote the entire news post.

[tonymillions84]

holding it in a stablecoin option USDC means that it will be pegged to 1usd. i wonder if we will be able to get into this investment cause every eye is into the cryptocurrency now. facebook is on the verge of launching its own too. we will all wait and see the outcome.