The Countdown to Gram: Anchorage Trust Takes the Lead
On October 31, the digital currency world is set to experience a seismic shift as Telegram’s highly anticipated Gram (GRM) token officially launches. Anchorage Trust Company, a proud subsidiary of Anchor Labs, has taken the spotlight as the very first entity qualified to support institutional custody for this exciting new cryptocurrency. Diogo Monica, co-founder and president of Anchor Labs, broke the news on October 7, sending ripples of excitement through the investment community.
SEC’s Absence: Navigating the Regulatory Maze
However, it’s worth noting that neither Anchorage Trust nor Anchorage Hold is registered with the United States Securities and Exchange Commission (SEC). Monica clarified that these services would initially be unavailable to residents of New York, leading us to ponder whether this is a case of regulatory foresight or merely an oversight by the SEC. Whatever the case, it raises a few eyebrows and perhaps a chuckle or two from those familiar with the intricacies of crypto regulations.
Buying Options Galore: Open Market vs. TON Reserve
For those eager to purchase Gram tokens, there are two primary avenues to explore. First, investors can buy existing Grams available on the open market. Alternatively, new Grams will be accessible through the Telegram Open Network (TON) Reserve. This pair of markets is designed to work in harmony to stabilize both the supply and price of Grams. Talk about a dynamic duo!
The Price Game: An Exponential Adventure
Delving into the granular details, the TON Reserve has a crafty pricing strategy where the price of new Grams will incrementally rise with every Gram sold. The first Gram is priced at a modest $0.10 and each subsequent Gram will cost one-billionth more. It’s a pricing strategy that’s sure to keep investors on their toes and wallets at the ready!
The TON Network: Launching Soon
The anticipation surrounding the TON network is palpable, with Telegram confirming its launch will coincide with Gram’s release on October 31. To join this crypto party, investors must provide Telegram with a public key generated through specialized software by October 16. And let’s not forget the recent upgrade to their wallet, which was unveiled in the alpha version for iOS back in late September. It’s all coming together faster than you can say “blockchain!”
