Swiss Pangea Blockchain Fund to Raise $22M

Copernicus Asset Management SA and Roger Ver took part in the seed funding round
28 February 2019   394

The Swiss Pangea Blockchain Fund announced on Wednesday, February 27, the closure of a preliminary financing round of $ 22 million and the official launch of an international fund that will focus on “transforming blockchain solutions”.

In a press release, the company said that the company attracted a group of well-known investors, including the financial group Copernicus Asset Management SA and the owner of Bitcoin.com, Roger Ver. Copernicus will also act as an investment fund manager.

The exact amounts of the parties' investments were not disclosed, however, as the company emphasized, its plans to raise a total of $ 200 million.

It is also noted that Pangea Blockchain Fund does not intend to invest in cryptocurrencies - instead, the company will offer seed capital and other resources to startups whose products will be focused on the commercial and technical use of blockchain technology.

Earlier, Roger Ver expressed a desire to invest in the OpenNode processing service, but was refused.

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   957

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.”