Telegram sets TON holdings cap at 10% 🚀💰

Telegram sets TON holdings cap at 10% 🚀💰


Telegram Addresses Concerns Over Token Concentration, Plans to Launch Financial Rewards for Channel Owners

Cloud-based messaging platform Telegram has announced that it will cap its Toncoin (TON) holdings at 10% in response to concerns about the potential concentration of tokens within its ecosystem. The move comes as Telegram prepares to launch financial rewards for channel owners, aiming to incentivize community building and content sharing.

Selling Surplus Tokens

In a post on February 29, Telegram co-founder Pavel Durov acknowledged the community’s worries about the company holding “an unhealthy share of Toncoin” due to exclusive advertisement sales made for TON. To address concentration risks, Telegram plans to sell its surplus TON holdings at a discounted rate to long-term investors. The sale will be conducted under a lockup and vesting plan ranging from one to four years.

“This way free-floating TON will get locked up, stabilizing the ecosystem and reducing volatility.” – Pavel Durov

Streamlined Sales Process

Telegram has established a streamlined process for TON sales through a dedicated email address. This process is specifically designed for large investors with investments totaling $1 million or more. By catering to potential investors’ interests, Telegram aims to ensure a smooth and efficient sales experience.

READ NOW
Uncover the buzz: MSTs explained and why they matter! 🚀

Rewards for Channel Owners

Telegram’s recent initiative to split ad revenue with broadcast channel creators has garnered significant attention. This move aims to incentivize community building and in-app content sharing. To facilitate this revenue sharing program, the TON blockchain will serve as the exclusive payment rail. Following the announcement, the price of TON experienced a surge of over 50% according to CoinMarketCap data.

Hot Take: A Strategic Response to Concerns and Growth Opportunities

Telegram’s decision to cap its TON holdings and sell surplus tokens to long-term investors demonstrates the company’s commitment to addressing concerns over token concentration. By stabilizing the ecosystem and reducing volatility, Telegram aims to create a healthier environment for TON. Additionally, the launch of financial rewards for channel owners further incentivizes community building and content sharing on the platform.

This strategic response not only addresses concerns but also opens up growth opportunities for Telegram:

  • Reduced Concentration: Capping TON holdings at 10% ensures that Telegram does not hold an excessive amount of tokens, which could potentially lead to market manipulation or centralization. This move promotes a more balanced and decentralized ecosystem.
  • Attracting Long-Term Investors: Selling surplus TON holdings to long-term investors at a discounted rate allows Telegram to secure additional funding while ensuring that these tokens are held by committed stakeholders who have a vested interest in the project’s success.
  • Incentivizing Community Building: The introduction of financial rewards for channel owners encourages users to create engaging content and build active communities on Telegram. This initiative strengthens user engagement and fosters a vibrant ecosystem.
  • Increased Token Demand: By using TON as the exclusive payment rail for ad revenue sharing, Telegram creates a strong demand for the token within its ecosystem. This can potentially drive up the value of TON and benefit both investors and users.
Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

In conclusion, Telegram’s strategic actions not only address concerns about token concentration but also position the platform for continued growth and success. By prioritizing a balanced ecosystem, attracting long-term investors, incentivizing community building, and increasing token demand, Telegram is taking proactive steps to shape the future of its platform and the TON blockchain.

READ NOW
Predict Bitcoin price surge 🚀 in upcoming rally 🌟
Telegram sets TON holdings cap at 10% 🚀💰
Author – Contributor at Lolacoin.org | Website

Noah Rypton stands as an enigmatic fusion of crypto analyst, relentless researcher, and editorial virtuoso, illuminating the uncharted corridors of cryptocurrency. His odyssey through the crypto realms reveals intricate tapestries of digital assets, resonating harmoniously with seekers of all stripes. Noah’s ability to unfurl the labyrinthine nuances of crypto intricacies is elegantly interwoven with his editorial finesse, transmuting complexity into an engaging symphony of comprehension. An unwavering beacon for both seasoned adventurers and neophytes in the crypto cosmos, Noah’s insights forge a compass for informed decision-making amidst the tides of ever-evolving cryptocurrencies. With an artist’s eye for precision, he crafts a distinctive narrative, enriching the vibrant tableau of the crypto landscape.

READ NOW
Ethereum Price Holds Strong Support! 🚀😎
Subscribe to our Social Media for Exclusive Crypto News and Insights 24/7!

Latest Crypto News