Yesterday, CoinBene announced on its official Twitter handle about the launch of Telegram Open Network (GRAM) IGO. There are several questions that surround this launch. Here we will have a comprehensive look at the various details of the upcoming launch.\r\nWhat is Telegram Open Network (GRAM)?\r\nThe Co-founder of Telegram- Dr. Nikolai Durov is the man behind the Telegram Open Network (GRAM). The main purpose behind it is to offer a new way to offer security around processing speed and scalability in the blockchain sphere. According to Durov, Telegram Open Network (GRAM) will be the power that will lead crypto technology and the blockchain technology and will enhance the communication to the highest levels.\r\n\r\n \tWhen will the launch take place?\r\n\r\nThe Telegram Open Network (GRAM) IGO will be launched on 29th of this month at 12:00 PM (GMT+8.)\r\n\r\n \tWhat token will be offered through the Telegram Open Network (GRAM) IGO?\r\n\r\nGRAM is the token that will be offered in the Telegram Open Network (GRAM) IGO.\r\n\r\n \tWhat are the total token supply and the total IGO volume?\r\n\r\nIn the announcement, the company has revealed that the total token supply will be 5 Billion. And the total IGO volume will be 500K USDT or 625,000 GRAM.\r\n\r\n \tWhat is the price of 1 GRAM token?\r\n\r\nThe price of 1 GRAM token is 0.8 USDT.\r\n\r\n \tWhat is the duration of the Telegram Open Network (GRAM) IGO?\r\n\r\nThe Telegram Open Network (GRAM) IGO will start at 12:00 PM (GMT+8) on July 29, 2019, and will end at 16:00 PM (GMT+8) on the same day.\r\n\r\n \tWith what currency can the participants purchase the GRAM token?\r\n\r\nBy far, participants are allowed to use only USDT to buy GRAM token.\r\n\r\n \tIs there any limit to how many tokens one can buy?\r\n\r\nThe minimum number of tokens that one can purchase is 12.5 (10 USDT). The maximum number, on the other hand, is 8000 GRAM(10000 USDT). To encourage fair treatment towards the participants, the company has announced that it will treat all the orders equally within the purchase time. \u2018Purchase ratio\u2019 will decide the number of tokens that every participant will receive. There are some methods mentioned in the activity details if the user wants to know about the purchase ratio.\r\n\r\n \tIs there an eligibility criterion to participate in the Telegram Open Network (GRAM) IGO?\r\n\r\nThose who are interested in participating in the Telegram Open Network (GRAM) IGO, are requested to register themselves at CoinBene. Also, they will have to complete the \u2018Know Your Customer\u2019 (KYC) process too, to become eligible.\r\n\r\n \tWhat is GRAM Trading Time?\r\n\r\nOnce the GRAM distribution gets completed, the platform will open the trading in three working days. (The commencement of those three days will be announced after the completion of the distribution, so have a close watch for it.)\r\n\r\nAlso, the company has announced that the presale will take place on PC only.\r\nActivity details of Telegram Open Network (GRAM) IGO-\r\nThe orders that will be made during the mentioned time frame will be treated equally. Post the deadline, and the company will collect the eligible orders. After this, the tokens will be distributed as per the ratio mentioned here-\r\n1. Purchase Ratio = Total supply \u00f7 Total purchased orders, and\r\n\r\n2. An actual individual purchased GRAM =Purchase Ratio\u00d7 Qualified individual GRAM orders.\r\nOnce the process gets completed based on the above ratios, USDT will get deducted.\u00a0 The number of USDT deduced will depend on the number of GRAM that is obtained by the individual users. The above calculations are targeted to be finished in a period of 24 hours.\r\nWhat is the process that one needs to follow?\r\nThe company has given certain steps to be followed by each user. They are-\r\n\r\n \tThe first step is registration.\r\n \tThe second step involves the completion of \u2018Know Your Customer (KYC).\u2019\r\n \tThe audit of the real name will be done manually. Therefore, it is requested that the users submit the real name information at least eight hours before the activity time starts, to have a smooth audit and to support the company\u2019s staff to complete the verification duly.\r\n \tThe users should make sure that the right amount of USDT should be in their accounts before the activity starts to avoid any errors in purchasing of the GRAM\r\n \tThe buying orders can be placed from 2019\/07\/29 12:00 PM (GMT+8) to 2019\/07\/29 16:00 PM(GMT+8).\r\n \tEvery order will be treated equally. Each account can place a min. 10 USDT and max. 10K USDT purchase orders.