What Is the GRAM Coin and Why Its Value Will Skyrocket in 2024
GRAM is a cryptocurrency on The Open Network (TON) blockchain – the same one developed by the team behind the Telegram messenger.
GRAM is a cryptocurrency on The Open Network (TON) blockchain – the same one developed by the team behind the Telegram messenger.
Telegram was ordered to halt sales of Gram after it allegedly failed to register an early sale of $1.7 billion in tokens before the launch of its Telegram Open Network.
With the fine from Telegram making the bulk of the charge on ICOs by the SEC, other projects also bowed to the SEC’s pressures and collectively coughed out about 40 million dollars in fines.
The legal dispute with Lantah continued till August even after Telegram was forced to leave its TON project.
Peirce revealed her disapproval of the earlier SEC actions against the 2018 Telegram ICO. The action caused Telegram to abandon its TON blockchain project.
The SEC has submitted a new filing to the court which asks Telegram to pay back $1.2 billion disgorgements to investors. Besides, it also states that Telegram will have to inform the SEC if it plans to pursue any such project in the future.
Free TON and TON Crystal tokens are to be launched today by the decentralized community, but it is said that Telegram needs to leave the project.
As Telegram is at loggerheads with the U.S. SEC, it has delayed the launch of its new network for the second time. Now it will pay U.S. investors 72% of their inputs, while non-U.S. investors may wait for a year and receive either Grams or 110%.
Messaging app Telegram postponed the launch of its TON blockchain for the second time, pushing the dates up to April 2021. The company is offering 72% of each investor’s stake now but is also providing an alternative of 110% of the investments by April 30, 2021.
The New York Judge Kevin Castel claims that Telegram’s TON Grams are securities. But Blockchain Association’s (BA) Kristin Smith put out the fact that Grams only arrive under the security name while being not a security. BA filed the letter of support to the court earlier this week.