Messaging Giant Telegram's ICO Token Is at Last Going on Public Sale

Messaging app giant Telegram's gram token, previously sold to accredited investors in one of the biggest-ever ICOs, is at last to be offered to the public.

As reported by TechCrunch, a limited sale of the gram token will take place on the Liquid exchange from July 10.

The offering reportedly comes before a full public sale planned for October.

The sale is being made via Gram Asia, which TechCrunch says is a Korean entity claiming to be the largest holder of gram token.

Grams have previously been sold only to accredited investors in Telegram's massive two-phase ICO in February and March of 2018 - a sale that brought in around $1.7 billion.

According to the gram sale page on Liquid's website, "TON brings speed and scalability to a multi-blockchain architecture that addresses the need for minimal transaction times and airtight security."

It also states that the sale is open to all investors globally, but excludes some nations including the U.S. and its territories and Japan, most likely due to fears that the token could be considered a security in those jurisdictions.

As reported by CoinDesk previously, whether Telegram would eventually hold a public sale at all was in some doubt due to such regulatory risks.

Investors signing up to Liquid for the sale can purchase grams with either U.S. dollars or the USDC stablecoin.

Edit: This article has been edited to remove an erroneous statement about the relationship between Gram Asia and Telegram sourced from the Liquid website.