Upxide exchange located in south Korea has partnered Liquid (a cryptocurrency exchange) and have announced that Telegram’s cryptocurrency Gram (a utility token runs on TON blockchain of Telegram) or 14 days until July 25. In past, Telegram has conducted a pre token sale limited to accredited investors from which it has raised $ 1.7 billion USD.
A blockchain payment platform, Pundi X has announced that its XWallet app has integrated Telegram chat crypto transfer feature and also added Crypto Gift, QTUM support & to reduce user experience concerns. The CEO of PundiX said, “Since we launched the XWallet, many users have been introduced to various cryptocurrencies and use cases, allowing them to be more comfortable in owning and using digital assets.”
A blockchain advisory firm, AmaZix has unveiled the first global blacklist of Telegram users for cryptocurrency and blockchain projects. The CEO of AmaZix, Jonas Karlberg claimed, “Our hope is, by opening access and encouraging more people to use and contribute to our service, we will catch the scammers even more quickly. This will effectively discourage malicious activity on Telegram.”
A messaging app company, Telegram has successfully completed the beta test of its Blockchain Network. The blockchain called Telegram Open Network (TON) has been developed, they claim that he TON blockchain has displayed a significantly high transaction speed. Announced that it will be launched by the end of October 31, 2019.
Yet to be released Telegram Token known as Gram gets perpetual derivative contract from London-based Xena crypto exchange and has started trading. Xena chief executive officer Anton Kravchenko said that “This is the first time on the cryptocurrency market where contracts have been used not only to speculate on the rate changes but also to hedge the risks.
Social media giant Facebook have made some discussions with major cryptocurrency exchanges to list its upcoming cryptocurrency in those platforms. Apart from that, a messaging app giant, Telegram is also currently working on developing its own cryptocurrency which aims to benefit their users especially when the company will be able to enable a money transfer integration.
Telegram targets to raise $500 million through its Pre-ICO. The set target is said to be met by a series of private presales. The launch of wallet has been set for fourth quarter of this year. The Telegram Open Network (TON) will use tokens to carry out internal user payments which would drive nearly 3 to 5 billion through public distribution.
The messaging app, Telegram, will launch a new platform for Blockchain and cryptocurrency. The currency of the Telegram Open Network (TON) will be called “Gram” utilizing light wallets. This platform would not go through multi-year bootstrap period like many other new platforms.