Telegram Sells TON Tokens Below Market Value
In a novel approach to address concerns over potential centralisation, Telegram announces its intention to offload excess TON tokens at prices lower than the market rate.This strategy emerges amidst apprehensions about the TON supply's centralisation, sparked by the exclusive acceptance of TON tokens for ad payments on the platform.
Telegram embarks on a journey to offer financial rewards to channel owners for their content, commencing this March, with all transactions facilitated on the TON blockchain.Advertisers in nearly a hundred new territories will soon access Telegram's advertising platform, promising channel owners half the ad revenue generated.
Pavel Durov, Telegram's CEO, unveils plans to divest the company's surplus TON holdings, aiming to preclude centralisation concerns.He concedes that ad payments in TON tokens might represent a significant portion of Telegram's TON supply, underscoring the necessity for decentralisation measures.
The sale targets long-term investors, intending for a "healthier distribution" and a more decentralised ecosystem, incorporating a lockup and vesting scheme spanning one to four years.
A specific email has been established for interested investors, earmarking $1 million or more, to participate in this initiative, reinforcing the TON ecosystem's stability and decentralisation.Despite looming centralisation fears, the TON ecosystem flourishes, with metrics indicating robust growth across market capitalisation, trading volume, fees, revenue, and user engagement.
Recent figures reveal a 31.0% surge in the ecosystem's market capitalisation, reaching $13.83 billion, alongside modest increases in trading volume and significant growth in fees and revenue.User engagement shows promising signs, with daily, weekly, and monthly active users on the rise, evidencing the ecosystem's expanding user base.