News

Toncoin Distribution Plan Expected Up To $115 Million For Users To Promote Community

Key Points:

  • TON surges 9.2% after the Ton Foundation’s $115 million Toncoin distribution plan announcement.
  • Open League Season 1, starting April 1, offers 30 million TON in rewards for community engagement.
  • Telegram CEO hints at IPO, rejecting $30 billion offers, signaling significant industry shifts.
Toncoin (TON) has experienced a notable surge in its price today, coinciding with the Ton Foundation’s announcement of a significant Toncoin distribution plan.
Toncoin Distribution Plan Expected Up To $115 Million For Users To Promote Community 2

$115 Million Toncoin Distribution Plan Unveiled

The foundation unveiled its intention to distribute $115 million worth of Toncoin in April through its Open League initiative, sparking optimism and heightened interest in Toncoin’s future trajectory.

Enthusiasts witnessed an impressive uptick in the cryptocurrency’s value as it surged 9.2% amid anticipation surrounding the Toncoin distribution plan. The Open League Season 1, set to commence on April 1, aims to double down on community engagement and participation through the distribution of 30 million TON in rewards.

The Open League initiative comprises four key systems—“The League,” “Token Mining,” “Quests & Airdrops,” and “Liquidity Pool Boosts”—designed to incentivize and reward various segments of the Ton community.

Telegram CEO Pavel Durov Hints at IPO Amid Rejecting $30 Billion Offers

In related news, Pavel Durov, founder and CEO of Telegram, disclosed the company’s contemplation of an initial public offering (IPO). This move, akin to Reddit‘s strategy, is projected to raise $519 million.

Durov revealed Telegram’s gradual path to profitability, possibly achieved this year or next, and their refusal of investment offers exceeding $30 billion to maintain independence ahead of the IPO. The platform’s current valuation surpasses $30 billion, according to the CEO.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Best Cryptos to Buy in December 2024: Qubetics Presale Goes Ballistic as Ethereum and Quant Look to Build Momentum

Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…

2 hours ago

USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products

Palo Alto, California, 21st November 2024, Chainwire

4 hours ago

Best Cryptos to Buy: Qubetics Set to Rise, Bitcoin Knocks at $100k Milestone, Avalanche to Release 1.67M Tokens

Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…

5 hours ago

Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero

London, United Kingdom, 21st November 2024, Chainwire

5 hours ago

Native USDC on Aptos Coming Soon to Boost DeFi and P2P Transactions

The move will see developers utilize USDC on Aptos in creating dApps on a wide…

5 hours ago

Coinshift Launches csUSDL, Announces Strategic Partnerships

Abu Dhabi, UAE, 21st November 2024, Chainwire

6 hours ago

This website uses cookies.