TON Foundation raises over $400 million in token sale

Odaily News TON Foundation said that venture capital firms such as Sequoia Capital, Ribbit, Benchmark and Kingsway have invested more than $400 million by purchasing Toncoin cryptocurrency. In addition, investors such as Vy Capital, Draper Associates and Libertus Capital also participated in this round of investment. A spokesperson for TON Foundation said: "These venture capital firms invested through Toncoin, rather than through traditional equity or cash." In the past year, the TON blockchain has more than 40 million active users, and the number of "independent" holders of Toncoin has reached 121 million. (The Block)