The Malta-registered exchange arguably has an edge, in part because of its relationship with a custodian that claims to have signed up over a third of the investors in Telegram’s early-2018 token sale.
Blackmoon’s CEO, Oleg Seydak, is also the CEO of Gram Vault, the Swiss custodian, and the companies plan to work together to provide those large investors with a marketplace to sell their tokens.
Hence, unlike a number of exchanges that conducted sales of futures-like instruments based on grams, Blackmoon will be the only marketplace to sell real grams directly from legitimate investors as soon as the Telegram Open Network (TON) is live, said chief operating officer Sergey Vasin.
Vasin told CoinDesk:
“Exchanges that earlier announced selling grams actually listed some kinds of derivatives. We don’t mind that — at the end, they will have to look for liquidity to deliver what they promised to their users, and they will run to buy grams from us with a premium.”