Telegram plans to sell TON at a discount to long-term investors to limit its token holdings to 10%
2024-02-29 11:19
Odaily News The founder of Telegram posted that in response to community concerns that Telegram’s Toncoin holdings may be too concentrated, Telegram announced that it will take new measures to limit its TON holdings to approximately 10% of the supply. Telegram plans to sell excess Toncoin holdings to long-term investors at a price lower than the market price, and these tokens will implement a lock-up and linear unlocking plan for 1 to 4 years to reduce the free circulation in the market and stabilize ecosystem and reduce volatility. Telegram has also set up a new email address, investors@telegram.org, for large investors interested in investing more than $1 million to express their purchase intentions.
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