South Korea’s Gram Asia is selling rights to its Gram holdings at $4.00 per token beginning July 10, per a report by Bloomberg on July 3.

The proposed sale value is triple the initial $1.33 sale value at Gram’s second initial coin offering (ICO) spherical in March 2018.

The sale on July 10 is seemingly happening completely through Japanese cryptocurrency exchange Liquid, as per its web site. Liquid additionally hosted the Gram ICO in March, at which period telegram raised $850 million, bringing its total valuation up to $1.7 billion.

Citing an email from the exchange, Bloomberg reports that users who purchase Gram with the exchange’s native token, QASH, can get a $0.50 discount per token.

Future value estimates for the Gram token vary, however typically fall between $2.10–$8.00, per research from by Russian research agency Aton.

While Liquid initially declared on June 11 that it'd be hosting the sale, a supply near to telegram told Top Market Group that there's no relationship between the 2 entities. The source additionally said that the June 11 announcement was the first time they'd heard of Gram Asia.

Additionally, a telegram investor commented that nobody has the rights to sell Gram tokens before the official launch. Per a token purchase agreement, the client agrees to not:

“ENTER INTO ANY swap or other AGREEMENT THAT TRANSFERS, in whole or in part, ANY OF THE ECONOMIC CONSEQUENCES OF ownership OF THE INVESTMENT CONTRACT represented by this contract or any Tokens.”

Gram is that the yet-to-be-released native token for the wire Open Network (TON), a decentralized network project by the open source, encrypted messenger app telegram. The service, utilized by over 200 million individuals, is going to launch its Gram tokens by the tip of Q3 2019.

As antecedently reported by Top Market Group, Gram Asia is that the largest holder of the Gram token in Asia. in addition, the exchange Liquid apparently includes a deal with Gram Asia, however not telegram. Liquid has any hinted at being a setup for TON.

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