In a major transfer to deal with considerations in regards to the focus of Toncoin (TON), Pavel Durov, the creator of Telegram, revealed a method to take care of the decentralization and stability of the TON ecosystem. Following the current surge in TON’s worth, Durov took to his Telegram channel as soon as once more to allay fears raised by some group members concerning the messenger’s potential dominance in TON holdings.
In his message, Durov assured the group that Telegram acknowledges the significance of a decentralized ecosystem and is dedicated to making sure a good distribution of TON. To realize this, he introduced plans to restrict Telegram’s share of Toncoin to roughly 10% of the full provide. This determination includes promoting the excess holdings to long-term buyers at a reduced charge, with a lockup and vesting plan spanning one to 4 years.
Lengthy-term holding
Moreover, Durov emphasised the significance of partaking with potential buyers in a clear and arranged method. To facilitate this course of, Telegram has established a devoted e mail deal with for big buyers, these prepared to speculate $1 million or extra, to specific their curiosity in buying TON.
This proactive method goals to extend the participation of long-term holders within the TON ecosystem, thereby selling stability and lowering volatility. By locking up free-floating Toncoin, Telegram seeks to stop any undue affect available on the market whereas fostering a decentralized setting conducive to progress and innovation.
By addressing considerations about TON focus and implementing measures to uphold decentralization, Durov goals to instill confidence within the integrity and long-term viability of the The Open Community ecosystem.
