Telegram CEO Commits to Long-Term Investment in New Crypto Project
Telegram’s CEO, Pavel Durov, has shown strong support for the MAJOR token by committing to hold 1% of its total supply for the next decade.
In a post shared on his Telegram channel on November 28, Durov expressed his belief in the token’s potential, noting its seamless integration within Telegram’s ecosystem and its growing community. He also revealed that Major’s developer, Roxman, donated the 1% token share to Durov as a sign of confidence in his leadership and long-term vision for the project.
The MAJOR mini app has quickly become one of the most successful within Telegram’s platform, generating $10 million in revenue and attracting 70 million users in just five months. Durov praised the app’s success, which highlights its capacity to drive user engagement and harness the power of Telegram’s ecosystem. Major plans to expand further, with exciting new features such as NFT rentals, digital IDs, and a gaming hub, all designed to enhance the user experience and continue growing its community.
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In addition to his personal token commitment, Durov confirmed that the MAJOR token is preparing for a major listing across six leading cryptocurrency exchanges. While the official listings are still pending, its futures have already gone live on OKX, trading at $1.43.
This has sparked significant interest, especially following Durov’s announcement of his decade-long holding commitment, adding to the growing excitement around the token. Crypto investors and industry insiders are already speculating that Durov could be a key player in the industry, potentially transforming the landscape with his innovative approach. Meanwhile, Telegram’s growing crypto holdings have seen a significant surge, reaching $1.3 billion in the first half of 2024, a 225% increase that reflects its rising influence in the space.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
