Pavel Durov: Toncoin cryptocurrency will maintain decentralization

Pavel Durov Commits to Preserving Toncoin's Decentralization

Pavel Durov, the visionary behind the Telegram messaging app, has pledged to maintain the decentralization of Toncoin (TON), dispelling concerns over potential centralization following plans to monetize Telegram through Toncoin-based advertisements. Amidst community apprehension that Telegram might amass a substantial portion of Toncoin, Durov clarified that Telegram's stake in TON would be capped at 10% of the total supply, ensuring the messenger's team won't dominate the asset's issuance.

Durov outlined a strategy to distribute excess cryptocurrency to investors through a structured plan spanning one to four years, offering a market discount on the coins. This approach aims to lock in the freely circulating TON, thereby reducing coin volatility and fostering ecosystem stability. "By limiting our share and locking the circulating supply, we aim to ensure Toncoin's long-term decentralization and vitality," Durov stated, emphasizing the commitment to a balanced and sustainable ecosystem.

In a move to bolster investor confidence and participation in the TON ecosystem, Durov announced readiness to entertain offers from investors keen on acquiring TON directly from the market. This initiative reflects Telegram's open stance towards engaging with the investor community, ensuring a broad base of support for Toncoin.

The announcement comes on the heels of news that Animoca Brands, a prominent Hong Kong venture capital firm, has invested in the TON Network, thereby becoming its largest validator. This development signifies growing institutional interest in Toncoin and underscores the cryptocurrency's appeal beyond the immediate Telegram community.