Liquid Exchange Will Not Sell Telegram Messenger's GRAM Tokens

If you have been following news about Telegram, you may have heard that the GRAM tokens created by the company would be sold by the Liquid crypto exchange. However, as Cointelegraph reported today, June 11, the rumor is not the truth.

According to inside sources who talked with the crypto media outlet, the company is not aware of any deal. The rumor started in quite an official way. Liquid announced that it would be the representative of Gram Asia, known as the largest holder of GRAM tokens in Asia.

However, the sources close to Telegram then affirmed that the company never actually heard of Gram Asia at all and that there was absolutely no relationship between Liquid and Telegram.

The crypto media outlet also talked with another source, who affirmed that it was illegal to sell the GRAM tokens before their official launch, so no company could actually do that. An agreement was signed between all investors before the launch, so they would be breaking the agreement if they did it.

According to this agreement, the people who agreed to buy the tokens will not be able to trade them for 18 months after the launch date. They are also restricted from entering into any kind of swap or agreement that could transfer the ownership of the tokens directly or indirectly.

So far, Telegram has conducted a total of two private token sales with big investors. They gave the company a total of $1.7 billion USD, so you can imagine how successful these sales were.

Unfortunately, this also means that many scammers are interested in the token and they created several fake investments related to it. Remember to always check the sources before you believe any financial deal.

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Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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