Liquid Crypto Exchange Unveils Digital Wallet Address for Gram Token Sale Proceeds

In an Aug. 30 announcement, Liquid disclosed the public blockchain wallet address that now keeps all participating customer funds from Gram token sale. Liquid further stated that the funds will remain in cold storage until the release and delivery of the assets by Gram Asia.

Japanese cryptocurrency exchange Liquid has revealed the digital wallet address holding the proceeds from the Gram token sale it conducted in July.

Gram is the yet-to-be-released native token for the Telegram Open Network (TON).

According to statistics and analytics platform Etherscan, the wallet has $4,118,853.70 worth of USD Coins (USDC). Additional tokens allocated for the sale, per Liquid’s announcement, have been distributed between other partner exchanges who accepted undisclosed amounts of Gram tokens.

Selling at three times the ICO price

As previously reported, Gram Asia began selling rights to its Gram holdings at $4.00 per token through Liquid on July 10, which is triple the original $1.33 sale price at Gram’s second initial coin offering (ICO) round in March 2018. Back then, Telegram raised $850 million, bringing its total valuation up to $1.7 billion.

The TON blockchain will allow developers to port their Ethereum smart contracts as software startup TON Labs is building a programming language to develop smart contracts on the Ethereum network. TON Labs CEO and managing partner Alexander Filatov said:

“That was probably the most difficult thing we built. It will allow the advanced Ethereum community to pull everything they wrote for Ethereum into TON.”

In late August, Telegram reportedly confirmed that it would issue the first tokens in October.

Spread the love
FacebookTwitterLinkedinRedditMixWhatsappWordPressTelegramVkontakte
Share
Tags: Altcoin Announcement Cryptocurrency Exchange Ethereum Funds gram Japan Telegram Token Tokens Wallet

Recent Posts

Ethereum’s One Month Correlation with BTC Drops to 68% as $3k Beckons
  • Ethereum News 2

Ethereum’s One Month Correlation with BTC Drops to 68% as $3k Beckons

$3k Possible for Ethereum in the Month of May. Ethereum’s ongoing…

Ethereum 2.0 Deposit Contract Now Holds 4M ETH Worth $10.8B
  • Ethereum News 2

Ethereum 2.0 Deposit Contract Now Holds 4M ETH Worth $10.8B

Ethereum Aims for new ATHs as Options and Futures Expire…

Tesla sold 10 percent of its bitcoins. Cause of concern for cryptocurrency investors?
  • News coin 2

Tesla sold 10 percent of its bitcoins. Cause of concern for cryptocurrency investors?

Tesla released its first quarter 2021 earnings earlier this week.…

Gemini Exchange to Issue Its Own Credit Card for Cryptocurrency Cashbacks
  • News coin 2

Gemini Exchange to Issue Its Own Credit Card for Cryptocurrency Cashbacks

Users of the large cryptocurrency exchange Gemini will soon get…

Iranian government will use mined cryptocurrency to fight economic sanctions
  • News coin 2

Iranian government will use mined cryptocurrency to fight economic sanctions

Iran continues to explore the potential use of cryptocurrencies as…

Ethereum’s Recent High Fees Pushed More USDT to Tron
  • Ethereum 2019 News

Ethereum’s Recent High Fees Pushed More USDT to Tron

Tether’s Market Cap Hits $50 Billion. Mr. Ardoino’s comments were in…