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.
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