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
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.
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.