Challenges Telegram Facebook and the Rest of the world already this October?

All Three are said to have been part of the Initial Coin Offering (ICO), by means of which Telegram a total of $ 1.7 billion collected. In the closed circle …

The encrypt of Messaging App Telegram will introduce a new digital currency Gram in October. This is a must have, at least, notified to investors by the Mainstream media. How will react the Rest of the world? A ban by the States threatens the project?

Telegram Token already this October?

As the New York Times on may 27. August reported that chatted three anonymous investors from the beans. All Three are said to have been part of the Initial Coin Offering (ICO), by means of which Telegram a total of $ 1.7 billion collected. In the closed circle of the company have now confirmed that the first Token will spend in two months.Another Telegram Open Network (TON)-Investor, to be in contact with the Telegram Team, also announced that the company plans to release the platform from the 1. To test September open to the public.The long-term goal of the management level behind the ambitious project will be to make Gram of all around 300 million users of the app available.Should prove to be true, these rumors would Telegram to implement this, where Facebook is threatening to come due to the strong headwinds, apparently, to its limits. Because one thing should be clear. In an Ecosystem with 300 million members, Gram would be a truly global digital currency.About Gram is on a technical level, is still little known. Apparently, the project is flying largely under the Radar, which has the advantage that it is excited at regulatory authorities only little attention. At least, if we compare it in Relation to the vehement resistance, to the Facebook Libra is encountered. That may change, however, with safety, once more passes through the project to the Public. Perhaps the article in the New York Times represents the starting shot for it.If you’re looking for a reputable point of contact, to act with real crypto currencies, then take a look at our Binance Test 2019! In this article, we have analyzed all the features and benefits of the crypto-exchange in more detail and evaluated. In Binance in our exchanges has reached the comparison in the first place. The most the most popular crypto-stock exchange today!

Has started the war of currencies?

It remains unknown at this time, how are you plans with the state authorities deal with it. This is seen in projects such as Libra and Gram direct competitors to their state-subsidized currencies. For hundreds of years, the state monopoly is provided for the first Time on the money creation to the test.For all those who have not noticed it yet: The digital age has ushered in the Era of digital currencies as a downright natural corollary. The demand on the part of the market adapts to the current conditions of our economy. With the increasing digitization and internationalization of our world, a digital and a global currency appears to be the logical consequence. But which currencies will prevail in the Darwinian principle result in?With security, there will be more than a currency, and certainly the markets will not be limited to national territories. In addition, should also be clear that this power is not held only among States, but, increasingly, Non-banks will try a piece of the proverbial cake that happens to you.We must appreciate definitely happy to be part of these exciting developments and radical changes, monetary systems, and are excited for what is to follow.What do you think about the project from the Telegram? Who makes in your opinion the race, telegram Gram or Facebook Libra Token? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any news more. (Image Source: Shutterstock)

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Telegram Investors Claim Company Will Issue First Gram Tokens Within Two Months

Telegram conducted a much-publicized initial coin offering for Gram in 2018, raising a reported $1.7 billion from investors who were promised Grams …

Posted on Aug 28, 2019

Social messaging app company Telegram plans to launch its new Gram digital currency by the end of October, the New York Times reported on August 27. The firm has reportedly told investors that the first coins will be issued sometime in the next two months. That’s according to three investors who spoke with the Times anonymously, due to nondisclosure agreements.

The company is expected to begin testing its Gram network at the beginning of next month. It eventually hopes to provide Gram digital wallets to all of its several hundred million Telegram users worldwide.

Telegram conducted a much-publicized initial coin offering for Gram in 2018, raising a reported $1.7 billion from investors who were promised Grams in the future. As part of that promise, Telegram agreed to either deliver those Grams by October 31, 2019, or return the money to investors. According to the Times, the company has been “racing to get the coins out before that deadline.”

The news comes as Facebook faces increasing skepticism from regulators over its proposal for the Libra digital currency project. Telegram, which has been even less transparent about its own cryptocurrency project, is likely to face similar skepticism as it gets closer to launching Gram.

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Telegram Cryptocurrency ‘Gram’ Available by October

… in a first of its kind, Telegram successfully raised a whopping $850 million during its initial coin offering (ICO) pre-sale, which was open to only high …
Reading Time: 2minutesbyOgwu Osaemezu EmmanuelonAugust 28, 2019&nbspAltcoins

Telegram has hinted that the first batches of its Gram cryptocurrency will be available to a select group of investors by October 2019 and the Pavel Durov-led firm also plans to make the Gram wallet available to the nearly 300 million users of Telegram shortly, reports The New York Times on August 27, 2019.

Telegram Forges Ahead with GRAM

Per sources close to the matter, in a bid to fulfill its promise to investors, Telegram is putting preparations in top gear to make its Gram tokens available to some investors within the next two months.

Just like Facebook’s Libra, Telegram’s Gram token is designed to function as a global currency, making it easier for people to move money across the globe in a secure and cost-efficient way, however, unlike Libra, Telegram has hinted that Gram will be entirely decentralized.

Telegram claims its distributed ledger, Telegram Open Network (TON) will be run by node operators scattered across the world, similar to the Bitcoin blockchain. In essence, even Telegram itself will have no control over Gram transactions.

Racing Against Time

As reported by BTCManager earlier in February 2018, in a first of its kind, Telegram successfully raised a whopping $850 million during its initial coin offering (ICO) pre-sale, which was open to only high net worth individuals and venture capitalist firms.

Reportedly, Telegram previously promised its high-profile backers which includes Benchmark and Lightspeed Capital, as well as Russian investors, that they’ll have access to the purchased Gram tokens by October 31, 2019, or get refunds.

In a bid to meet the scheduled release date of Gram to these investors, Telegram is reportedly looking to launch the testnet of Gram network in the coming weeks, to make certain there are no bugs that could scupper its plans.

If all goes as planned, some investors will be able to trade their Gram tokens on supported exchanges, however, those who participated in its pre-ICO may have to wait a little longer.

While Facebook’s Project Libra is yet to receive the “blessings” the of financial regulators both in the U.S. and overseas, it is still unclear how Telegram plans to scale these huge regulatory mountains awaiting its multi-billion-dollar crypto project.

In related news, on August 26, 2019, BTCManagerinformed that Telegram users will soon be able to trade bitcoin and altcoins on the platform via Button Wallet.

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Telegram says its Gram cryptocurrency is still on track to launch by October 31

There have been several rumors of an “initial coin offering” (ICO), but the company had reportedly scrapped the plans after seeing the increasingly …
In brief: Telegram is the latest company that wants to launch a digital currency with high ambitions and a tight deadline. To succeed, it must comply with regulators by the end of October, which sounds unlikely but only time will tell. The company doesn’t have the best relationship with governments, but it stands to lose a hefty investment, so it’s trying its best to deliver on its promise.

While many are probably familiar with Facebook’s efforts to take the global payments market by storm with its Libra cryptocurrency, you may have not heard about a similar project that comes from another social network, Telegram. There have been several rumors of an “initial coin offering” (ICO), but the company had reportedly scrapped the plans after seeing the increasingly tight regulations proposed the Securities and Exchange Commission.

Now, it turns out that the much-hyped project might see the light of day. According to a report by The New York Times, Telegram is planning to launch a digital currency called Gram within the next two months. The company has told investors that it’s going to roll out the Gram wallets to two thirds of its estimated 300 million global users.

Just like Libra, Gram is yet another digital currency that promises to make payments easy, fast, and secure. However, due to the way Telegram works, the very same encryption that makes its messaging app secure is also what brought it under the lens of regulators. The company’s digital currency will probably emulate Bitcoin in many ways, which would make it an attractive option for people interested in avoiding laws and regulations. This wouldn’t bode well with authorities, who are increasingly interested in such developments and their many implications.

Telegram is apparently pushing its token out to hold onto an estimated $1.7 million raised from over 200 investors. The idea here is that the company has a deadline — if it doesn’t manage to launch Gram by October 31 it risks losing all that money.

In the grand scheme of things, several companies are trying to push their own digital currencies. Binance is a notable example with its Venus cryptocurrency, but that is in the early stages of development. Still, Telegram’s token isn’t backed by real currency and its value would instead fluctuate as a result of how many people are willing to invest in it.

The company says a test version of the Gram network will go live within the next few weeks, and third party wallet providers like Button Wallet are jumping in to help with adoption by offering Gram tokens to those who activate its wallet. The social platform has bigger plans for the Telegram Open Network — it wants to slowly evolve it into a decentralized infrastructure for all kinds of digital applications, similar to Ethereum.

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Telegram Will Reportedly Launch Its Cryptocurrency by October 31

… ahead with the launch of the “Gram” cryptocurrency after raising an estimated $17 billion through an initial coin offering (ICO) last year, according to …

Encrypted messaging app Telegram is to push ahead with the launch of the “Gram” cryptocurrency after raising an estimated $17 billion through an initial coin offering (ICO) last year, according to a report by the New York Times.

The company reportedly said it was to begin delivery of “the first batches” of the digital token in the next two months. Owners of the gram token – transacted and verified on the Telegram Open Network (TON) blockchain – will store them in a Gram digital wallet that Telegram will offer to its more than 200 million global users, the NYT report said.

Telegram’s Proof of Stake-based TON Network to Compete with Cosmos, Polkadot https://t.co/2FvnaXK2cr#TelegramOpenNetwork#Sharding#ProofOfStake#Scalability#Cosmos#Polkadot#Ethereum2.0

— CryptoGlobe (@CryptoGlobeInfo) June 23, 2019

It looks likely to be a make-or-break effort, however, as documents seen by the NYT suggest a hard deadline of October 31. If it hasn’t delivered by then, it forfeits the $1.7 billion it raised to issue the cryptocurrency.

Telegram’s TON blockchain reportedly entered its private beta stage in April of this year, months before its scheduled launch. Both TON and the Gram token have been developed in secret. We know the crypto won’t be backed by any fiat currencies, nor will Telegram have control over it.

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