Telegram plans to sell TON at a discount to long-term investors to limit its token holdings to 10%
In response to concerns about the possible concentration of Toncoin holdings, Telegram announced new measures to limit its holding ratio of TON supply to about 10%. The company plans to sell excess Toncoin holdings to long-term investors at a price lower than market value, and these shares will be subject to a 1 to 4 year lock-up and linear unlocking plan to reduce the free circulation in the market, stabilize the ecosystem, and reduce volatility.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin’s $100K Rally Stalls as Market Doubts Trump Pump
Flash Thursday: Buy crypto with a credit/debit card for zero fees
Every Thursday, enjoy zero fees when using your local fiat currency with a credit or debit card ( Visa, Mastercard, Google Pay Apple Pay)! Buy Crypto Promotion period: Every Thursday 8:00 PM – Friday 8:00 PM (UTC+8) Promotion rules Sign up for a Bitget account or log in to your existing account. Na
SBF Movie in the Works as Hollywood Takes on His Life Story
Genius Group to Make Bitcoin the Main Treasury Asset and Buy $120 Million in BTC