Telegram Addresses Toncoin (TON) Supply Concerns During Advertising Platform Launch
In response to growing concerns about the concentration of Toncoin (TON) supply in the Telegram ecosystem, CEO and Founder Pavel Durov announced a proactive strategy aimed at maintaining decentralization and stability. This announcement comes as Telegram prepares to launch its long-awaited advertising platform, marking a major milestone in the platform’s evolution.
Telegram CEO Eases Toncoin Supply Concerns
Durov acknowledged some stakeholders’ concerns about Telegram’s potential to gain an unhealthy share of Toncoin due to platform-specific advertising sales. To address these concerns, Telegram has designed a strategic plan focused on limiting its stake in Toncoin to approximately 10% of the total supply.
Central to this strategy is the sale of Telegram’s excess TON assets to long-term investors under a lock-up and vesting plan spanning one to four years. These sales will occur at a discounted rate compared to the market price, effectively locking up free-floating Toncoin while encouraging large investors to participate.
By doing this, Telegram aims to stabilize the Toncoin ecosystem and reduce volatility, promoting a more sustainable and decentralized environment. Additionally, Telegram has created a special email address to facilitate the sales process and ensure fairness. [email protected].
Large investors with investments exceeding $1 million can express their interest using this e-mail address. This comprehensive move aims to attract more long-term holders and thus contribute to the stability and decentralization of Toncoin.
Also Read: Toncoin (TON) Price Increases by 35% with the Launch of Telegram Advertising Platform
About Advertising Platform Launch
The announcement of Telegram’s advertising platform coincided with a rise in the price of Toncoin as investors responded to the potential for increased adoption within the ecosystem. There is an expectation of increased activity and interaction on the platform, with channel owners set to benefit from the revenue sharing model that offers 50% of advertising revenue on Toncoin.
Channel owners on Telegram will gain significantly from the advertising platform as it offers a lucrative opportunity to effectively monetize their content. This revenue sharing arrangement not only encourages creators to increase their presence on the platform, but can also increase demand for Toncoin, further increasing its utility and value within the ecosystem.
Also Read: Explore 5 Uses of Telegram Channels for Crypto Projects
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