Gram Asia will sell Telegram Tokens at Three Times its ICO Price

Jul 04 2019

From 10th July, South Korea's Gram Asia sells rights to its Gram holdings at $4.00 per token solely via Japanese Crypto Exchange Liquid, as per its site.

The intended sale price is three times more than the original $1.33 sale price at Gram's second initial coin offering round in March 2018. Strangely, that sale was also conducted by Liquid and Telegram managed to collect more than $850 million, raising its total valuation to $1.7 billion.

Based on the report shared by Bloomberg on 3rd July, which quotes an email from the exchange informing that users who buy Gram including Exchange's native token, QASH will obtain $0.50 discount per token. The estimated price of the Gram token varies, but it will usually lie between $2.10-$8.0, according to the latest research done by the Russian research agency Aton.

However, Liquid previously declared on 11th June that it would be hosting the sale, a source closed to the Telegram educated that there is no relationship between the two bodies. The source further also mentioned that 11th June was the first time they have known about Gram Asia. 

Moreover, Telegram Investor particularly mentions that no one has the right to sell Gram Tokens before the official launch. According to the token purchase contract, whether a buyer agrees or not:

“ENTER INTO ANY swap or other AGREEMENT THAT TRANSFERS, in whole or in part, ANY OF THE ECONOMIC CONSEQUENCES OF OWNERSHIP OF THE INVESTMENT CONTRACT represented by this Purchase Agreement or any Tokens.”

Gram is soon to be launched a native token for the Telegram Open Network (TON), a decentralized network project started by only open-source, encrypted messaging app Telegram.  More than 200 million people all over the globe are using Telegram. The firm is excited to release Gram Token before 2019 end. 

Surprisingly, Gram Asia is the most prominent owner of Gram Token in Asia. Moreover, the crypto exchange Liquid has made a contract with Gram Asia, but not Telegram. Liquid is further suggested at being a supporter for TON.

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