Sprz.
vip

Toncoin (TON) hits new annual high, surging 60% as Telegram IPO potential sparks buzz



Toncoin (TON) has experienced a significant uptrend in recent weeks, driven by major news and announcements related to the popular social media platform Telegram, with the latest news and announcement being a potential initial public offering (IPO).

The latest appearance of Telegram CEO Pavel Durov, in addition to constantly making announcements through his channel on the social media platform, he also revealed that the messaging app already has more than 900 million users, up from 500 million in 2021, and is growing steadily. Close to profitability.

Telegram has reportedly generated a lot of interest from potential investors, with a valuation of more than $30 billion. However, in an interview with the Financial Times, Durov stressed that the company's priority is to remain independent, and the IPO will be a means of "democratizing" Telegram's value. "The main reason why we started making a profit was that we wanted to remain independent," Durov said. In general, we see [IPO] as a means to democratize the value of Telegram.

Notably, the messaging app has raised about $2 billion in debt financing through a bond offering, providing flexibility for future financial decisions. In the event of an IPO, Telegram is considering selling some of its shares to loyal users, similar to Reddit's recent statement. This approach is designed to engage the community and foster a sense of ownership.

With Telegram's endorsement and integration of TON into the app's user interface, as well as the introduction of a new ad revenue sharing system, Toncoin has soared 97% in the past month, setting a new annual high for the token. #山寨季开始#

In addition, Telegram's potential IPO has further bolstered Toncoin's upward trajectory, surging 20% in the last 24 hours, resulting in a current trading price of $4.40.

In addition to this, TON has become one of the top 13 cryptocurrencies in the market with a market cap of $15 billion, surpassing other major currencies such as Polkadot (DOT), Polygon (MATIC), and Chainlink (LINK).

(Source: Ronaldo Marquez)
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
Camiloudevip
· 2024-03-14 03:22
To Da Moon 🌕
Reply2
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)