The Xena Exchange platform for digital assets trading is ready to launch the first-ever leveraged cryptocurrency-settled derivative contract for the GRAM token on 12 March.
This is a significant step towards the liquidity of GRAM, as Telegram TON project investors will be able to trade the derivative contracts before the GRAM tokens are actually issued.
The Telegram TON blockchain project has become one of the most successful ICOs of 2018, raising USD1.7 billion from private investors and leaving those who missed the token sale waiting for GRAM to enter the exchanges. The launch of the derivative contracts on the GRAM token means that those who passed up the chance to invest will now be able to earn dividends on the potential rate hikes. At the same time, current GRAM holders will be able to hedge their investments against possible exchange-rate drops. Before, Xena Exchange was one of the early Telegram Passport adopters as mentioned in the Telegram TON official blog.
This is a significant step for the entire crypto market, considering the importance of the GRAM token and its potential value as an asset for derivative contracts trading. This is the first time on the cryptocurrency market where contracts have been used not only to speculate on the rate changes but also to hedge the risks.
