Coingape Staff
In response to growing concerns about the concentration of Toncoin (TON) supply within Telegram’s ecosystem, CEO and Founder Pavel Durov has unveiled a proactive strategy aimed at maintaining decentralization and stability. This announcement comes as Telegram prepares to launch its long-awaited advertising platform, marking a significant milestone in the platform’s evolution.
Telegram CEO Eases Toncoin Supply Concerns
Durov acknowledged the apprehensions raised by some stakeholders regarding the potential for Telegram to hold an unhealthy share of Toncoin due to ad sales exclusively for the platform. To address these concerns, Telegram has devised a strategic plan focused on limiting its share of Toncoin to approximately 10% of the total supply.
Central to this strategy is the sale of Telegram’s surplus TON holdings to long-term investors, under a lockup and vesting plan spanning one to four years. These sales will be conducted at a discounted rate compared to the market price, incentivizing large investors to participate while effectively locking up free-floating Toncoin.
By doing so, Telegram aims to stabilize the Toncoin ecosystem and reduce volatility, fostering a more sustainable and decentralized environment. Moreover, to facilitate the sale process and ensure fairness, Telegram has established a dedicated email address, [email protected].
Using this email address, large investors with investments exceeding $1 million can express their interest. This comprehensive move aims to attract more long-term holders, thereby contributing to the stability and decentralization of Toncoin.
Also Read: Toncoin (TON) Price Soars 35% On Telegram Advertising Platform Launch
About Advertising Platform Launch
The announcement of Telegram’s advertising platform has coincided with a surge in Toncoin’s price, as investors respond to the potential for increased adoption within the ecosystem. With channel owners poised to benefit from the revenue-sharing model, which offers 50% of ad revenue in Toncoin, there is a growing anticipation of increased activity and engagement on the platform.
Channel owners on Telegram stand to gain significantly from the advertising platform, as it presents a lucrative opportunity to monetize their content effectively. This revenue-sharing arrangement not only incentivizes content creators to enhance their presence on the platform but could also increase the demand for Toncoin, further improving its utility and value within the ecosystem.
Also Read: Discover 5 Uses of Telegram Channels for Crypto Projects
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
