Telegram Tokens to Appear at Liquid on 10.07, - Media

TechCrunch says only a limited offer of tokens will be availble at the exchange this summer, general public will get access to them in October
11 June 2019   1346

Limited listing of Telegram tokens will be conducted on the Liquid exchange on July 10, TechCrunch reports.

The publication emphasizes that in July only a limited offer of coins will be available - Telegram tokens will be available to the general public in October. It is also known that the distributor of coins will be the South Korean organization Gram Asia, which calls itself the largest holder of Gram tokens in Asia. However, it is not yet known how many tokens will be put on the market in July and at what price.

Gram Tokensale Page at Liquid
Gram Tokensale Page at Liquid

Unfortunately, that’s Telegram and how they have operated from the beginning. A public sale was always planned for the window between the testnet launch and mainnet [full] launch. They wanted to work with a regulated exchange to see how it goes before it gets listed [in full] in October. Telegram already has an ecosystem, developers and early token buyers and TON ventures, there are already communities being built up. Based on discussions within these communities, GRAM Asia has put its best step forward to do this public sale.

Mike Kayamori

CEO, Liquid

Representatives of the exchange stressed that buyers of new tokens will have to go through KYC procedures. However, immediately after July 10, tokens will not be traded, they can only be purchased in limited quantities. In addition, coins will not be able to buy retail investors from the United States, South Korea, Japan and a number of other countries, which, in all likelihood, is connected with the policy of regulators.

Note also that the release of tokens will take place in October, and until that time, the funds raised will be stored in USDC. Consequently, the coins will have the properties of futures on assets, the full release of which is scheduled for the fall. The process of distribution of tokens will be divided into four stages, in which equal parts of tokens will be released every three months.

SEC to Unveil New List of Probable TON investors

One investor in this list is a ex-member of the managing board of the Bitcoin Foundation and partner of Ribbit Capital Mayer Malka
27 January 2020   489

Some names of large investors and the names of investment companies that could take part in the $ 1.7 billion token sale of the Telegram blockchain project became known, CoinDesk reportes with reference to documents issued by the US Securities and Exchange Commission (SEC) in the framework of the current proceedings.

One such investor is a former member of the managing board of the Bitcoin Foundation and partner of Ribbit Capital, Mayer Malka. He during the testimony at the beginning of the month mentioned Telegram CEO Pavel Durov.

Answering a question about whether Telegram is known for investors who can take on the role of validators in the TON PoS blockchain, Durov said:

We didn't put together a separate list of the purchasers who we would assume have experience in validating other networks, although it was obvious that certain investors… such as, for example, Micky Malka that we have discussed earlier, might… have experience in these processes of validation or at least were closely affiliated with parties that had experience in such processes.


Pavel Durov

Telegram CEO

In addition, Telegram Vice President Ilya Perekopsky, in one of his reports, named David Jan, the founder of ABBYY, a linguistic solutions development company, among potential investors. According to the correspondence published by the SEC, Ian asked Perekopsky if he could get an allocation in the ICO if he contacted Telegram directly without intermediaries in January 2018. “100 percent,” replied Perekopsky.

Also, TON investors could become the American funds Kleiner Perkins, Fortress, Draper Dragon, Dragoneer, DRW Holdings and Redpoint. This follows from the testimony declarations affixed by the SEC to the recent petition. In eight declarations, TON investors explain what prompted them to purchase Gram tokens. Company names have been removed from all documents, but they have remained in the file names. Sources familiar with the situation confirm that they really could take part in the ICO.

Most of the witnesses interviewed by the SEC indicated that they were interested in the possibility of supporting the Telegram project in the ICO TON, while the messenger itself does not accept funding for its main business. The announced investment amounts are on average $ 5-10 million. At the same time, Kleiner Perkins was initially offered an allocation of $ 15 million, but the company managed to agree on a twice as large investment, it follows from the submitted documents.