After my last post, some people expressed concern that, as a result of ad sales exclusively for TON, Telegram may end up holding an unhealthy share of Toncoin, which will be too concentrated for a decentralized ecosystem. We acknowledge these concerns and have come up with a solution.
To limit Telegram’s share of TON at ≈10% of the supply, we’ll be selling the upcoming surplus of our TON holdings to long-term investors — under 1-4 years lockup and vesting plan, but at a discount to the market price. This way free-floating TON will get locked up, stabilizing the ecosystem and reducing volatility.
After my last post, some people expressed concern that, as a result of ad sales exclusively for TON, Telegram may end up holding an unhealthy share of Toncoin, which will be too concentrated for a decentralized ecosystem. We acknowledge these concerns and have come up with a solution.
To limit Telegram’s share of TON at ≈10% of the supply, we’ll be selling the upcoming surplus of our TON holdings to long-term investors — under 1-4 years lockup and vesting plan, but at a discount to the market price. This way free-floating TON will get locked up, stabilizing the ecosystem and reducing volatility.
BY Du Rove's Channel
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Importantly, that investor viewpoint is not new. It cycles in when conditions are right (and vice versa). It also brings the ineffective warnings of an overpriced market with it.Looking toward a good 2022 stock market, there is no apparent reason to expect these issues to change.
For some time, Mr. Durov and a few dozen staffers had no fixed headquarters, but rather traveled the world, setting up shop in one city after another, he told the Journal in 2016. The company now has its operational base in Dubai, though it says it doesn’t keep servers there.Mr. Durov maintains a yearslong friendship from his VK days with actor and tech investor Jared Leto, with whom he shares an ascetic lifestyle that eschews meat and alcohol.
