Telegram, the messaging app company turned blockchain startup, has released an early desktop wallet for its crypto token.
Investors who bought the firm's gram token have agreed to accept an extended issuance date in the hope they'll still turn a profit.
A backer of Telegram's blockchain project asked Circle's Poloniex exchange to list the gram token before the SEC halted issuance, court papers show.
The messaging app company and the SEC will now meet next February to debate the regulator's claim the gram token is a security.
To justify halting the launch of Telegram's blockchain project, the SEC relied heavily on communications obtained from investors.
Telegram could delay the late October launch of its own crypto after the SEC ordered it to halt the allegedly "unlawful" token sale in the U.S.
Telegram publicly acknowledged its link to the Telegram Open Network for the first time Tuesday – in a terms of service on it website.
TON investors received emails from the Telegram core team Wednesday seemingly confirming the $1.7 billion blockchain's Oct. 31 launch date.
Blackmoon, a little-known crypto exchange, is angling to be the go-to marketplace for Telegram's soon-to-be-issued gram tokens.
Telegram’s blockchain project, TON, has entered the last preparation stage before going live.