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Telegram Aims to Offer TON at a Discount to Long-Term Investors, Capping Token Ownership at 10%

In Brief

In a recent communication, Telegram's CEO Pavel Durov indicated that the platform would restrict its ownership of TON to around 10%, with extra tokens being offered to long-term investors.

Durov announced significant changes following feedback from the community regarding potential imbalances in the distribution of TON, the cryptocurrency linked to their messaging service. He stated that the holdings of TON by Telegram would be kept to about 10%. The Open Network Long-term investors will have the opportunity to purchase excess tokens at a price set below the current market valuation. A structured lock-up and gradual release plan will span 1 to 4 years, all aimed at lessening the volatility of the cryptocurrency and stabilizing the ecosystem.

Telegram intends to sell excess TON holdings Additionally, Telegram has introduced a new contact email specifically for larger investors looking to express interest in buying amounts that exceed $1 million.

Pavel Durov expressed in a Telegram post, 'With more long-term stakeholders involved, we can ensure that TON remains both stable and decentralized.'

Recently, Pavel Durov unveiled the launch of the Telegram Ad Platform, now accessible to advertisers in nearly one hundred new countries. This initiative promises that channel owners will earn 50% of ad revenue generated by Telegram on their channels. The platform intends to manage ad payments and withdrawals solely through

Telegram Ad Platform Initiative  

After the announcement, the value of TON saw a remarkable surge of nearly 40%, climbing past $2.92. As of this writing, it is trading at $2.60, which is slightly lower than yesterday according to CoinMarketCap data. Telegram The introduction of these new strategic initiatives, together with the recent expansion of Telegram's offerings, is designed to stimulate the development and progress of the TON blockchain and establish Telegram as a dominant player in the social networking space.

Please remember that the information on this page does not constitute legal, tax, investment, financial advice, or any other form of recommendation. It's essential to only invest what you're comfortable losing and to seek independent financial counsel if you're unsure. For further details, we suggest reviewing the terms, conditions, and the support pages provided by the issuer or advertiser. MetaversePost dedicates itself to delivering accurate and unbiased news, though market conditions can fluctuate without notice. TON blockchain .

Alisa, an enthusiastic journalist at Cryptocurrencylistings, focuses on the realms of cryptocurrency, zero-knowledge proofs, investment strategies, and the vast landscape of Web3. With her sharp insight into emerging trends and technologies, she provides thorough coverage aimed at informing and captivating readers within the dynamic world of digital finance.

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Telegram Is Set to Offer TON Tokens at a Discount for Long-Term Investors, Capping Token Holdings at 10% - Metaverse Post

Pavel Durov, the CEO of Telegram, revealed that the company will limit its ownership of TON to 10%, with any surplus being offered to long-term stakeholders.

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