The upcoming ICO of Telegram Open Network has all the potential to become the largest ever seen, with investments reaching dozens of millions of dollars. Given that private sales allow for much more control over investors and are subject to fewer regulatory requirements, knowledgeable sources believe that Telegram is most likely to cancel its public offering altogether. What it means is that for ordinary users, the XGE project may be the only opportunity to join the tremendous event.
The XGE project is an initiative of Digital Asset Management, an Estonian-based company focused on building blockchain powered startups as well as fintech products. XGE stands for “Exchangeable GRAM Equivalent.” As their name suggests, these tokens can be exchanged for the future Telegram cryptocurrency, GRAM, at a 1:1 ratio. XGE tokens are issued on the Ethereum platform, in accordance with the current ERC-20 standard, and can be managed through an official Ethereum client.
The tokens are not traded on any of the existing cryptoexchanges and are only available for purchase on the project’s official website at https://xgetoken.com/en. The minimum purchase amount is only 100 tokens, which is very cost-conscious. The company also offers a transparent and secure refund policy. Should TON not be launched, all tokens will be redeemed, and the funds will be returned. Exchange and return are ensured by the smart contract and explicitly provided for in the User Agreement. The number of XGE tokens is limited, so potential customers may want to check the project website right now.