During the month of trading, Durov’s cryptocurrency contracts went up four times

A derivative of the GRAM token on the Xena Exchange crypto -rope from the moment of launch in late February grew from $ 2.2 to $ 8.25. The instrument launched by the exchange reflects the expected cost from launching token for free sale. In October last year, Hash Crypto Investment Bank predicted the cost of GRAM $ 5.9 at the end of 2019.

Read more. According to the founder of the XENA exchange Anton Kravchenko, a derivative of Gram was launched in order to show the market the possibility of the site, and Token holders could make risks before Durov’s cryptocurrency for open sale. Now the volume of trading is estimated at $ 100 thousand per day. Pavel Durov, the launch of a derivative on Gram did not publicly comment on in any way. He did not answer the questions of The Bell.

• The tool works like this: opening a position on the purchase of a derivative, the buyer records the price for a certain period, hoping that in the future the GRAM/USDT ratio (token tied to the dollar rate) will grow. Until the GRAM is traded, the price is tied to the cost of the derivative itself.
• The increase in the price of the instrument of Kravchenko explains the large number of buyers on the site: “Many of those who wanted to enter Gram in a closed round could not do this. Now they have the opportunity to participate in this market. ” The exchange has introduced tools for protecting against sharp changes in the exchange rate: one trading bar does not allow you to put orders with a strong deviation of the course, the second - closes the trade when passing certain levels of price.
• The sale of derivatives for token is not provided by sellers - currency holders. In fact, the participant selling the tool predicts the fall of the GRAM/USDT ratio in the future. The buyer - on the contrary, puts a derivative of the price of a derivative. In the future, as soon as Gram is openly bargain, Xena promises to tie the price of a derivative to a market. If this does not happen within a year, the exchange promises to close all contracts at a price of $ 5.9
• The launch of the instrument has already been criticized by the participants of the crypto. But, according to the General Director of the Bankex fintech platform Igor Hmel, there is an interest in the tool. “Until the release of tokens, owners can operate only with obligations. Perhaps someone will want to transfer their rights to someone else, ”Khmel believes.

The cost of GRAM depending on the volume of release, the schedule of Whitepaper for investors.

Context. By the end of 2019, the cost of future Telegram cryptocurrency can be $ 29.5 billion, previously calculated The Bell.

• The price of derivatives looks attractive, especially for investors who participated in closed rounds of token sale. Gram then cost $ 0.38 in the first round, in the second - $ 1.33.
• The Xena Exchange platform was created by former employees of banks and technological companies JP Morgan, Deutsche Bank, UBS, Russian Stock Exchange and Kaspersky Labs. The exchange was launched on November 14, 2018.