(BlockBar) According to public announcement on its official blog, Liquid, the Encrypted Asset Exchange, declares it will start selling Gram, a token launched by Telegram, exclusively at 4 p.m. Beijing time on July 10. It said that users could buy Gram in U.S. dollars or USDC and it would soon release more details about the sale of Gram.
Open data show that Telegram, which was born in 2013, is an excellent instant chat application providing awesome and all-round services for users. It supports encrypted chat, group, sticker and other features, which also includes keeping platform-wide synchronous chat records. The new version also adds visual voice chat. Besides, a series of new functions are available in encrypted chat such as robots involving, sticker previewing, quote replying, privacy rights and photo editor. Therefore, Telegram ranks ninth in the world’s hot chat applications with about 200 million live users per month and over 70 billion messages per day.
Earlier last year, the Telegram team successfully raised $1.7 billion in two rounds of private equity, attracting 175 investors, including Benchmark, Sequoia Capital and Kleiner Perkins Caufield & Byers, getting a much larger amount than expected. Subsequently, the team decided to abolish the public-oriented ICO.
It is reported that Telegram has recently sent an internal e-mail to investors, saying it would launch its block chain network —— Telegram Open Network (TON) in the third quarter of this year. The network is designed to run DApp, which is similar to Ethereum. Industry insiders point out that as the original token of TON network, Gram may become the first payment method of Telegram. According to the Paper official published by Telegram, TON plans to issue 5 billion tokens of “Gram” with 4% of them retained by the development team for a four-year lock-in period. In addition, at least 52% of the total tokens are held by Telegram, and the remaining 44% are put on the market to ensure that Gram is protected from being “51%” attacked by hackers. However, it should be noted that Gram tokens still cannot be traded before TON comes online.
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