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Insider: The main buyer of Telegram's TON is TONX, used for long-term holding and staking
BlockBeats News, January 7th, Nasdaq-listed TON Treasury Company TONX Chairman Manuel Stotz issued a statement saying that all TON sold by Telegram have a four-year vesting period. In addition, the tokens sold by Telegram are mainly purchased by its leading company TONX for long-term holding and staking.
The Financial Times previously reported that Telegram’s revenue in the first half of the year reached $870 million, a 65% increase year-over-year, partly attributed to the TON ecosystem; the company has sold over $450 million worth of TON, but Stotz emphasized that Telegram’s net TON holdings have not significantly decreased and may even have increased.