Telegram to sell TON below market, admits it would own over 10% of supply
After forcing advertisers to pay for Telegram broadcast channel advertisements in TON token, Telegram admitted the obvious: Ad payments would quickly account for far more than 10% of the TON supply at Telegram itself. To avoid appearing too centralized, CEO Pavel Durov announced plans to sell Telegram’s TON holdings at below-market prices. He is soliciting investors interested in bidding over $1 million for off-market transactions. Naturally, Durov restated Telegram’s intent to sell TON below current prices as a positive development, emphasizing the supposedly decentralizing effect these sales would have on the TON blockchain network. “Thanks to the participation of more long-term holders, TON will remain stable and decentralized ,” he posted optimistically to his followers. Telegram’s TON network suffers from its ‘success,’ scales down to 1TPS Sharing ad revenue with creators Moreover, Telegram offset the otherwise bearish news of these token sales with an ad revenue-sh...