Forward: Things you need to know about TON lockup and unlocking
This article is transferred from: 💎 TON Ecological Research Institute's X account
📱 Smart move by Telegram and the $TON Foundation
Where does the proceeds from TON's sale of usernames and anonymous numbers on Fragment go? The correct answer is of course Telegram. As early as February 2024, Pavel Durov announced that Telegram intends to limit TON holdings to 10% of the entire issuance, or 510 million TON. From the same day, Telegram began selling TON at a discount of 10% to 50% through over-the-counter transactions (OTC), while setting a lock-up period of 1 to 5 years.
🕵️♂️ Telegram OTC: Analyzing the wallet