{"id":11496,"date":"2024-03-11T17:46:57","date_gmt":"2024-03-11T15:46:57","guid":{"rendered":"https:\/\/forklog.com\/en\/ton-rises-10-following-telegram-ipo-speculation\/"},"modified":"2024-03-11T17:46:57","modified_gmt":"2024-03-11T15:46:57","slug":"ton-rises-10-following-telegram-ipo-speculation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ton-rises-10-following-telegram-ipo-speculation\/","title":{"rendered":"TON Rises 10% Following Telegram IPO Speculation"},"content":{"rendered":"

The native token of The Open Network (TON) blockchain surged by 10%\u2014from $2.8 to $3.1\u2014following news of a potential IPO<\/span> for Telegram. The messaging app’s owner, Pavel Durov, discussed preparations for entering the stock market in an interview with Financial Times<\/a>.\u00a0<\/p>\n

\"TON
15-minute chart of TON\/USDT on Bybit exchange. Data: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n

According to CoinGecko<\/a>, the asset’s market capitalization exceeded $10 billion with a trading volume of $15 million. Over the past month, TON’s price has increased by 47%.\u00a0<\/p>\n

In the interview, Durov emphasized that Telegram has become one of the world’s most popular apps, generating “hundreds of millions of dollars” in revenue after introducing advertising and premium subscriptions.<\/p>\n

\n

“The main reason we started monetizing [the messenger] is that we wanted to remain independent. Essentially, we view the value [of an IPO] as a means to democratize access to Telegram’s worth,” he stated.\u00a0<\/p>\n<\/blockquote>\n

According to Durov, major players, including “global late-stage tech funds,” are interested in Telegram’s stock market debut. He also noted that potential investors “valued the company at $30 billion.”\u00a0<\/p>\n

The founder of the messenger declined to comment on the timing and possible location of the initial public offering but mentioned that the firm has “explored several options.”<\/p>\n

Durov highlighted preparations for launching payments to channel owners<\/a> for displaying ads, which will be paid in TON. He also announced the introduction of business accounts, new social features, and AI integration to enhance moderation.<\/p>\n

Back in February, Durov proposed<\/a> a solution to preserve TON’s decentralization. The Telegram team will be limited to owning 10% of the total token supply, and advertising in the messenger will be sold for digital assets.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The native token of The Open Network (TON) blockchain surged by 10%\u2014from $2.8 to $3.1\u2014following news of a potential IPO for Telegram. The messaging app’s owner, Pavel Durov, discussed preparations for entering the stock market in an interview with Financial Times.\u00a0 15-minute chart of TON\/USDT on Bybit exchange. Data: TradingView.\u00a0 According to CoinGecko, the asset’s […]<\/p>\n","protected":false},"author":1,"featured_media":11495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1423,723,1422],"class_list":["post-11496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-pavel-durov","tag-telegram","tag-toncoin"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=11496"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11496\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/11495"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=11496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=11496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=11496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}