Telegram will sell TON at a discount to long-term investors to limit their token holdings to 10%

ChainCatcher message, in response to community concerns about the potential concentration of its Toncoin holdings, Telegram announced that it will take new measures to limit its holdings of TON supply to approximately 10%. The company plans to sell the excess Toncoin at a price below the market rate to long-term investors, and this portion of shares will be subject to a lock-up and linear unlocking plan of 1 to 4 years, in order to reduce the free circulation in the market, stabilize the ecosystem, and decrease volatility.

In addition, Telegram has also set up a new email address [email protected] for large investors intending to invest over $1 million to express their purchase intentions.