Liquid, a global cryptocurrency platform regulated in Japan, is going to host the upcoming public sale of Telegram’s Gram token. The largest Gram holder Gram Asia selected Liquid.com to lead the Public Phase.
According to a press release published on June 11, Liquid is the exclusive exchange to host the Gram token sale globally which will take place on July 10, 2019, at 8 am UTC. Participants will be able to buy Grams with USD and USDC.
However, Telegram is yet to announce an official statement on the move.
Telegram Open Network (TON) project
Last year, Telegram held a private initial coin offering. As a result, it raised $1.7 billion for its TON project. For this achievement, the messaging app got attention globally.
Cointelegraph noted that it was assumed Telegram would not hold any public phase, but Gram Asia now offers “an undisclosed number before a full sale in October”.
Mike Kayamori, the CEO of Liquid, commented,
The TON Blockchain infrastructure can help enhance Telegram’s current capabilities as a peer to peer network of value, with the launch of their cryptocurrency light wallets for Telegram’s highly engaged user base.
Liquid’s Proven Success in Token Sale
Reportedly, Liquid had successfully hosted its own token sale called “Qash” in 2017. They sold out 350 million Qash tokens, which are equivalent to $105 million in just three days.
Dongbeom Kim, founder and CEO of Gram Asia said,
As the first Japan FSA licensed global exchange, Liquid has demonstrated strong governance capabilities for protecting its users; therefore, I firmly believe Liquid is the right partner to launch this historic token sale. We are excited to invite all believers in Telegram’s vision, globally and in Asia, to build on top of TON, leveraging the critical mass of Telegram’s user base.
According to the press release, interested participants of the token sale are invited to register for a free account on Liquid.com. At this stage, they do not need to pay deposit fees.
Do you think Liquid is the perfect platform to launch Telegram’s token sale? How will be the impact on the crypto market in Asia?