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   1078

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.

Chainlink May Sell Big Amount of Own Tokens

According to the experts' research, $30M worth tokens were sold by the ICO team itself
12 August 2019   1943

The Chainlink team was suspected of large-scale liquidation of LINK tokens. For a month and a half, the project capitalization decreased by $ 600 million, Trustnodes reports.

On July 6, a recruitment message was posted on the project’s Twitter page, which, according to some observers, was the beginning of the dump.

We do sincerely appreciate our community’s continued support and understanding as we expand the number of people working on Chainlink, and we will of course do our best to ensure that our expansion plans are accomplished responsibly, carefully managing the company's resources, capital and LINK, with a focus on continuing to create an overall positive effect on the Chainlink network over the long-term.
 

Sergey Nazarov (old message in the company's blog)

Chainlink team

Following this message, a schedule was circulated on social networks showing the alleged token sales of 700,000 LINK at each price rebound after reaching a peak at the end of June.

Alleged Chainlink Dump, Aug 2019
Alleged Chainlink Dump, Aug 2019 

According to Etherscan, 14 transactions of 700,000 LINK were made, which totaled 9.8 million tokens, or about $ 30 million.

After going through a small chain of addresses, these tokens were sold on Binance, noted in Trustnodes.

Chainlink Selling, Aug. 2019
Chainlink Selling, Aug. 2019

Observers believe that at the end of June the daily trading volumes of ChainLink on the Binance exchange were artificially boosted. So, with a capitalization of only $ 1.4 billion, this figure amounted to $ 863 million. According to some, the price movement chart for the mentioned period looks unnatural, especially considering that volumes in favor of sales were recorded on one of the green candles. There is a possibility that the unknown wanted to provoke FOMO, but could not achieve the goal.

Some believe that the message about the expansion of the staff was only an attempt to hide the large-scale liquidation of tokens.

It is worth noting that in 2017 Chainlink raised $ 32 million through the sale of 350 million LINK through an ICO. At the same time, the team saved 650 million LINK for the further development of the project.

According to a recent analysis of the ICO market, Chainlink entered the top five most successful ICOs in terms of growth in bitcoin.