August 28, 2019 Telegram is planning public launch of GRAMS tokens ahead of SEC deadline.

The messaging application plans to release its cryptocurrency to the public before the October 31st deadline, at which point it would be required to forfeit the $1.7B it raised during a private SAFT token sale in 2018. In July, GRAMS began trading on the Korea-based Liquid exchange. GRAMS function as a means of payment, gas for smart contract execution, payment for persistent storage, and as a staking mechanism for the Telegram Open Network blockchain.