Pavel Durov, the founder of Telegram, made a statement that had a very positive impact on the price of Toncoin (TON).
Pavel Durov made Toncoin investors happy with his statement dated February 29. The latest feature in TON, supported by Telegram and used in many in-app services. to speculations openness bringing Durov dispelled false concerns that Telegram owns a large portion of the TON supply.
In line with the new decision, Telegram’s TON supply is divided into total supply. They will limit it to 10% stating the founder, the remaining assets Provided that they lock for 1-4 years for long term investors will sell at a discounted price explained:
To limit Telegram’s stake in TON to 10% of the supply, we will sell the upcoming surplus of our TON assets to long-term investors – under a 1-4 year lock-in and vesting plan, but at a discount to the market price. In this way, free floating TON will be locked, the ecosystem will be balanced and volatility will decrease.
According to CoinGecko data, in the last 2 days 33% Rising TON climbed from $2.15 to $2.86.