#TheOpenNetwork(TON)

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The Open Network (TON) Token Surges 10% Amid Speculation of Telegram IPO

The native token of The Open Network (TON) saw a 10% increase, rising from $2.8 to $3.1, following reports of a potential Telegram IPO. Pavel Durov, the owner of the messenger app, revealed preparations for a stock market debut in an interview with the Financial Times. Telegram IPO Speculation Drives TON Token Surge According to CoinGecko, the asset's market capitalization surpassed $10 billion, with a trading volume of $15 million. TON has seen a 47% price increase over the past month. In his conversation with the publication, Durov emphasized Telegram's transformation into one of the world's most popular applications, generating "hundreds of millions of dollars" in revenue following the introduction of advertising and premium subscriptions. "The main reason we started to monetize is that we wanted to remain independent. Essentially, we see the value as a means of democratizing access to the value of Telegram," he stated. Durov mentioned that large players, including "global late-stage technology funds," are interested in Telegram's stock market debut. He also noted that potential investors have "valued the company at $30 billion." While Durov declined to comment on the timing and potential venue for the initial public offering, he clarified that the firm has "explored several options." Future Plans and Innovations Durov reiterated the preparation for launching payments to channel owners for displaying advertisements, which will be paid in TON. He also announced the introduction of business accounts, new social features, and AI integration to enhance moderation. In February, Durov proposed a solution to maintain the decentralization of TON. Telegram's team will be restricted to owning tokens equivalent to 10% of the total issuance, and advertising in the messenger will be sold for digital assets. Read the full article

[basechop]

The Open Network (TON) Token Surges 10% Amid Speculation of Telegram IPO

The native token of The Open Network (TON) saw a 10% increase, rising from $2.8 to $3.1, following reports of a potential Telegram IPO. Pavel Durov, the owner of the messenger app, revealed preparations for a stock market debut in an interview with the Financial Times. Telegram IPO Speculation Drives TON Token Surge According to CoinGecko, the asset's market capitalization surpassed $10 billion, with a trading volume of $15 million. TON has seen a 47% price increase over the past month. In his conversation with the publication, Durov emphasized Telegram's transformation into one of the world's most popular applications, generating "hundreds of millions of dollars" in revenue following the introduction of advertising and premium subscriptions. "The main reason we started to monetize is that we wanted to remain independent. Essentially, we see the value as a means of democratizing access to the value of Telegram," he stated. Durov mentioned that large players, including "global late-stage technology funds," are interested in Telegram's stock market debut. He also noted that potential investors have "valued the company at $30 billion." While Durov declined to comment on the timing and potential venue for the initial public offering, he clarified that the firm has "explored several options." Future Plans and Innovations Durov reiterated the preparation for launching payments to channel owners for displaying advertisements, which will be paid in TON. He also announced the introduction of business accounts, new social features, and AI integration to enhance moderation. In February, Durov proposed a solution to maintain the decentralization of TON. Telegram's team will be restricted to owning tokens equivalent to 10% of the total issuance, and advertising in the messenger will be sold for digital assets. Read the full article

[basechop]

The Open Network (TON) Token Surges 10% Amid Speculation of Telegram IPO

The native token of The Open Network (TON) saw a 10% increase, rising from $2.8 to $3.1, following reports of a potential Telegram IPO. Pavel Durov, the owner of the messenger app, revealed preparations for a stock market debut in an interview with the Financial Times. Telegram IPO Speculation Drives TON Token Surge According to CoinGecko, the asset's market capitalization surpassed $10 billion, with a trading volume of $15 million. TON has seen a 47% price increase over the past month. In his conversation with the publication, Durov emphasized Telegram's transformation into one of the world's most popular applications, generating "hundreds of millions of dollars" in revenue following the introduction of advertising and premium subscriptions. "The main reason we started to monetize is that we wanted to remain independent. Essentially, we see the value as a means of democratizing access to the value of Telegram," he stated. Durov mentioned that large players, including "global late-stage technology funds," are interested in Telegram's stock market debut. He also noted that potential investors have "valued the company at $30 billion." While Durov declined to comment on the timing and potential venue for the initial public offering, he clarified that the firm has "explored several options." Future Plans and Innovations Durov reiterated the preparation for launching payments to channel owners for displaying advertisements, which will be paid in TON. He also announced the introduction of business accounts, new social features, and AI integration to enhance moderation. In February, Durov proposed a solution to maintain the decentralization of TON. Telegram's team will be restricted to owning tokens equivalent to 10% of the total issuance, and advertising in the messenger will be sold for digital assets. Read the full article