The popular messaging application started its ICO last year and managed to raise $ 1.7 billion in a period of several months. The success of their ICO has been compared to companies like Facebook and Uber, which each took seven and five years to collect 1 billion.

At that time, Gram tokens were not released because there were no working prototypes. But this does not affect the venture capitalist's decision to get involved with the project.

Telegram recently announced that within two months the first phase of the issuance of Gram tokens will occur according to the original schedule, according to three investors who have spoken with Telegram recently.

Telegram also intends to make the Gram digital wallet accessible to its tokens to all 300 million users from around the world when the coin will be launched. Gram Tokens are made to simplify cross-border payments, and make fund transfers more smooth.

Also Read: 7 Reasons Why Programmers Need to Learn Blockchain

October 31 is the date set for the first release of a series of Gram tokens. According to a 132-page document sent to investors, Telegram explains how its users can easily send and receive Gram tokens through its blockchain, Telegram Open Network (TON).

Crypto multi-platform wallet Button Wallet has announced that it will support trading for tokens supported by TON.

"Crypto's biggest obstacle is mass adoption and what we have created will help people feel comfortable trading cryptocurrency without using real money. With all the hubbub around the Libra Facebook digital currency, there has been no way to explore digital assets without risk, until now with Button Wallet and the Telegram Open Network. "- said Alex Safonov, founder of Button Wallet.

Grams are not stable coins and will not have fiat support. Instead, it will be like Bitcoin or Ethereum, with its value determined by other market factors.

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