Telegram Founder Pavel Durov Vows to Hodl $6.8 Million Donation for Server Expansion
CryptoNewsTerminal Staff20 May, 2024
Telegram Founder Pavel Durov Vows to Hodl $6.8 Million Donation for Server Expansion
Telegram founder Pavel Durov has pledged to hold onto a recent $6.8 million donation in NOT tokens until their value increases 100-fold. The donation, made by the Toncoin (TON) ecosystem game project Notcoin (NOT), will be used to purchase additional servers for Telegram once the tokens reach a value of $680 million. Durov's decision to hold the donation highlights his confidence in Telegram's long-term growth prospects. The popular messaging app has seen a surge in users in recent years, due in part to its focus on security and privacy. By investing the donated funds in server expansion, Telegram can continue to meet the growing demands of its user base. The donation also underscores the growing popularity of the TON ecosystem. The TON blockchain, which was developed by Telegram, is designed to be scalable and efficient, making it well-suited for a variety of applications. The Notcoin project is one of the first to launch on TON, and its success is a testament to the potential of the ecosystem.
