• Days
  • Hours
  • Mins
  • Secs
  • Tue, 17 Sep 2019, 08:43 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Underdog crypto exchange Blackmoon says it will be the first to sell Telegram's native token

Image Credit: TASS / Dmitry Feoktistov

Tue, 10 Sep 2019, 20:47 pm UTC

Cryptocurrency exchange Blackmoon is eyeing to be one of the first companies to list Telegram’s upcoming Gram token through a collaboration with Swiss crypto custodian Gram Vault.

Blackmoon is pleased to cooperate with Gram Vault and will make every effort to timely list Grams on our platform. Thereby, our users will have access to the most anticipated cryptocurrency among the first,” Sergey Vasin, Blackmoon’s Chief Operating Officer, said.

The Caymans Island-registered exchange plans to boost liquidity by allowing clients to buy Gram tokens using bank cards, as per a report by the Finance Magnates.

Moreover, Blackmoon will provide users with an opportunity to buy Grams via Bank cards, which, especially in the early months, will be a truly unique offer,” Vasin explained.

Under the deal, Gram tokens will most likely be transferred directly from Gram Vault onto the Blackmoon exchange, ensuring “instant and deep liquidity” for traders.

Once the mainnet is live, Blackmoon will be the only marketplace to sell real grams directly from legitimate Telegram Open Network (TON) investors.

Exchanges that earlier announced selling grams actually listed some kinds of derivatives. We don’t mind that – at the end, they will have to look for liquidity to deliver what they promised to their users, and they will run to buy grams with us with a premium,” Vasin told CoinDesk.

The exchange currently has an unimpressive 3,800 user base, but Vasin is confident that this figure will skyrocket to up to 15,000 after the launch.

Founded in 2017, Blackmoon, which is the crypto division of Cyprus-based Blackmoon Financial Group, may not be a household name in the crypto industry yet. But it has an edge, in part because of its tie with Gram Vault, which is one of the biggest investors of Telegram that participated in its $1.7 billion private initial coin offering. Reports also revealed that Blackmoon may have its connection to Telegram itself, saying that the exchange’s co-founder Ilya Perekopsky is Telegram’s vice president.

The token is slated to be rolled out before its set deadline of October 31, 2019.

As previously reported, Telegram is close to launching its blockchain, TON, after it released TON Testnet explorer and node software on the test network portal.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • CryptoMisha
  • 2019.09.12 08:11:25
Where did you get this number? "The exchange currently has an unimpressive 3,800 user base"
  • 0
  • ·
  • 0
  • RabbitJedi
  • 2019.09.11 07:09:54
The KYC procedure is quite simple, TON listing, credit card deposits. Plus, they are EU regulated. Not bad for underdog.
  • 0
  • ·
  • 0
  • Bitcoin (BTC) $10,246.20 (-1.14%)
  • Ethereum (ETH) $198.65 (+2.20%)
  • XRP (XRP) $0.266600 (+1.52%)
  • Bitcoin Cash (BCH) $308.58 (+0.19%)
  • Litecoin (LTC) $73.07 (+2.31%)
  • Bitcoin (BTC) $10,246.20 (-1.14%)
Sep 17, 2019 (Tuesday)
Crypto Technicals: Ethereum pauses shy of $200 mark, set to extend bullish momentum
Harbor tokenizes iCap Equity’s $100M real estate funds using ethereum blockchain
Crypto Technicals: BCH/USD fails to extends weakness below 200-DMA, retrace above will see upside resumption
Women in Leadership: Publicis Sapient hires Merril Lynch veteran Priya Bajoria as SVP Financial Services
Crypto Technicals: IOT /USD forms successive Dojis at cloud resistance, dents scope for upside continuation
Crypto payment services BitPay to roll out Ethereum support in the coming weeks
Blockchain food provenance platform OpenSC secures $4M in seed funding
Australia's REIQ partners with Igloo to develop blockchain-based tenancy agreements
Crypto exchange OKEx Korea to remove all privacy coins, including monero, dash, zcash, over FATF's 'travel rule'
Aventus unveils new ticketing protocol Aventus Classic and $15K prize for blockchain developers
C4IR UAE, World Economic Forum introduce blockchain accelerator program at Dubai's Area 2071
Sep 16, 2019 (Monday)
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
HTC’s blockchain smartphone Exodus 1 adds support for Bitcoin Cash
Crypto Technicals: DASH/USD capped below 50-DMA, 'Bullish Divergence' keeps scope for upside
Crypto Technicals: LTC/USD breaks above 21-EMA, scope for further gains
ConsenSys enters decentralized finance ecosystem with new product suite ‘Codefi’
Kaleido Blockchain integrates QEDIT Zero-Knowledge Proof Enterprise Privacy Solution
Crypto Technicals: ETH/USD extends 21-EMA breakout, pauses shy of 55-EMA, bias bullish
Canada-based Bull Bitcoin latest to join Blockstream’s Liquid Network
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.