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.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide