Kik Messager to Switch to Stellar

During the ICO in September 2017, the team was able to raise about $ 100 million
15 November 2018   1092

Kik Foundation messenger developers will abandon the Ethereum blockchain in favor of Stellar, a company blog reported.

According to the report, the company will stop atomic swaps with ETH. Not giving exact dates, the Kin Ecosystem Foundation announced the imminent creation of a tool for the withdrawal of KIN tokens from the Ethereum blockchain.

During the ICO in September 2017, the team was able to raise about $ 100 million. In November, Kik representatives first spoke about the possible transfer of tokens from Ethereum due to the scalability of this network. Alternatively, the Stellar blockchain was chosen.

In March 2018, the company developed a system to work on both platforms. Ethereum was used for greater safety, and Stellar - to increase speed. For interaction between blockchains, a system of atomic swaps was developed.

A spokesman for the Kin Foundation said that negotiations were underway with the exchanges. The companies want users to switch to a new blockchain, and ERC-20 tokens are burned. He also added that the developers are not planning a mandatory transfer of tokens owners to the new system.

Previously, there was a similar situation with the project Storj. Recall that in March 2017, Storj Labs announced the transfer of its decentralized storage system from the Bitcoin blockchain to the Ethereum blockchain.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   1258

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”