Telegram Coin Already Being Traded

August 21, 2019 1:56 AM UTC

Telegram new cryptocurrency called Gram was sold around February and March of 2018 to accredited investors, the sale gathered around $1.7 billion. It seems that some investors have been able to sell their tokens using OTC (over the counter) desks and really small cryptocurrency exchanges.

This, however, is not legal as the Telegram token sale ToS specifically stated that investors are not allowed to sell or pledge their tokens before the official launch on 31st October 2019.

The price for each token during the first phase of the ICO was $0.37 and currently the price tag is around $1.6 – $2. There is a pretty big risk in buying or selling tokens this way, though. These trades are usually entirely based on trust without signing official documents or using regulated exchanges.

Earlier this year, Liquid, a Japanese cryptocurrency exchange announced the sale of Telegram’s tokens which started July 10 at a price of $4 per token.

Telegram has already missed their previous launch date which was scheduled at the end of 2018. Investors could be losing confidence in the project, however, giants like Sequoia seem to be looking to buy more.

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