Telegram’s unreleased Gram tokens to sell at triple the private token sale price

Messaging giant Telegram’s unreleased Gram tokens are set for sale to the public at a price three times of its private placement.

The Simple Agreement for Future Tokens (SAFT) for one token will be sold at $4 apiece on July 10 by a Korean company Gram Asia, allegedly the largest holder of the tokens in Asia, on cryptocurrency exchange Liquid. It's not yet clear whether Gram Asia is allowed to resell the SAFT. 

The price is 200% higher than Telegram's second round SAFT price of $1.33 and almost 1000% up from the first round price of $0.38. If gram purchased with Liquid’s native cryptocurrency QASH, the price will be discounted to $3.50 per token, per the website.

Gram is the yet-to-be-launched native token for the Telegram Open Network (TON), a blockchain network by the giant, which is expected to launch on October 31.

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Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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