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   642

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.

Algorand to Raise $60M in 4 Hour Tokensale

The project was founded by a MIT professor and a Turing Award winner Silvio Micali and is designed to solve the problems of scalability and consensus in the DLT
20 June 2019   797

The blockchain-project Algorand, aimed at creating an “borderless economy ”, announced the successful completion of the  ALGO tokensale, during which it raised over $ 60 million, CoinDesk reports.

The campaign was held on the CoinList platform and was conducted in the format of the so-called “Dutch auction”, in which the highest price is first announced, after which it gradually decreases.

Simultaneously with the completion of the tokensale, it was announced the launch of the main network of the Algorand. The platform processes 1000 transactions per second with a delay time of less than 5 seconds, which, as noted, puts it on par with such major payment networks as Visa and Mastercard.

In his work entitled The Monetary Experiment: Algorand A Thesis For Algo Currency Markets, the head of Arrington XRP Capital, Michael Arrington writes that Algorand is a project where macroeconomics meets cryptocurrencies. He also notes that Algorand, as a blockchain-resistant Proc-of-Stake algorithm, is distinguished by a combination of advanced cryptography and a smart economic model.

The Algorand project was founded by a professor at the Massachusetts Institute of Technology and a Turing Award winner Silvio Micali. The main task of Algorand is to solve the problems of scalability and consensus in the blockchain.

As noted, the exact number of buyers who participated in the auction remains unknown, but because of high demand, the campaign lasted less than four hours. In total, 25 million ALGO tokens were distributed with a starting price of $ 10 and a closing price of $ 2.40.

Representatives of the project also stated that since tokens are distributed to customers' wallets and are not available on stock exchanges, there is no need to talk about any value of Algorand market capitalization.

Algos are being dispersed to wallet right now (for successful bids).  Therefore – there are non on exchanges. [Therefore, no market capitalization is available for Algorand, though some have speculated it sits around $6 billion.] Which is still a top 10.

Algorand Team

Earlier, the project announced plans to auction 600 million ALGO tokens per year, and in the first five years it is planned to release 10 billion tokens.

Also note that over the last year, Algorand raised $ 66 million in venture capital from investors such as Union Square Ventures and Pillar Venture Capital.