Telegram Launches Alpha Wallet for Gram Token: What You Need to Know

Telegram’s Exciting New Feature

Encrypted messaging giant Telegram has taken a significant leap into the cryptocurrency space with its latest alpha version release for iOS. Users can now experiment with a wallet designed for its native token, Gram (GRM). But hold your horses — this wallet is operating on the Telegram Open Network (TON) testnet, meaning it’s still in the sandbox phase of development.

Current Capabilities: Basic but Functional

For now, users can only create and delete wallets, send and receive Grams, and share their wallet addresses. So, if you were hoping for a crypto Avengers-type of functionality, brace yourself — it’s not quite there yet!

“It’s like getting a fancy new car with only a steering wheel. Looks cool, but isn’t going anywhere yet!”

Future Developments in Wallet Design

Eligible users should note the wallet’s design isn’t set in stone. Fyodor Skuratov from TON Labs raised some eyebrows, suggesting that advanced features — like purchasing and exchanging Grams — are still a third-party developer’s game. So, if you’re hoping to go full crypto baller, you might have to look elsewhere while Telegram fine-tunes its offerings.

Telegram’s Journey in the Crypto World

In September, Telegram dived deeper into its blockchain efforts by releasing the TON testnet explorer and node software. This comes on the heels of a private beta testing phase for a select crowd of developers earlier this year. With those at the helm reporting speedy transaction capabilities, the excitement around the Gram token is palpable.

A Glimpse into the Future: Gram Listing

As anticipation builds, several exchanges are gearing up for the Gram token’s launch. Cryptocurrency exchange Blackmoon from the Cayman Islands has announced plans to list Gram through a partnership with Swiss crypto custodian Gram Vault. However, not all partnerships are smooth sailing; Liquid exchange of Japan previously claimed it would handle Gram sales but later faced contrarian views of Telegram insiders.

Conclusion: What’s Next for Gram?

All eyes will be on Telegram as it gears up for the much-anticipated launch of the Gram token next month. So, keep those wallets close and your tokens closer!