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   918

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 Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   182

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.