Telegram CEO pledges to hold MAJOR token for a decade: here’s why

(Originally posted on : Invezz )

Telegram CEO and founder Pavel Durov has endorsed $MAJOR as one of Telegram’s top success stories in his recent post on the messaging app.

He also praised the token’s developer, Roxman, and promised to hold donated assets for a decade. In his 28 November Telegram post, Durov stated,

Roxman generously donated 1% of $MAJOR tokens to me, which I won’t be selling for the next 10 years.

$MAJOR has seen increased popularity ahead of its imminent token launch and airdrop on the TON blockchain.

Durov admired Major’s mini-app platform since it is easy to adopt and boasts “features that feel like they naturally belong in Telegram.”

Major’s growth and innovations attract Durov

The CEO commented on Major’s impressive growth. He stated that the project gained 70 million users within 5 months, while revenue exceeded $10 million.

He added that he received 1% of the asset’s total supply from developer Roxman. Meanwhile, Durov confirmed that he won’t sell the tokens for ten years.

Such commitment demonstrates the CEO’s trust in the project’s sustainability in the upcoming years.

Besides his close ties with Roxman, MAJOR’s roadmap likely grabbed Pavel Durov’s attention.

The team promises continuous developments to expand the mini app with functionalities such as digital IDs, a gaming hub, and username NFT rentals.

These advancements target heightened community engagement and improved user experience.

Major token launch thrills with top exchange listing

The altcoin has stirred the crypto community following Durov’s support, with a focus on today’s listing on leading trading platforms.

Viktor 🐯🧡

@s0meone_u_know

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BREAKING: MAJOR is getting listed on Telegram Wallet, MEXC, KuCoin, ByBit, OKX, Bitget at 12pm UTC. ⭐️

Watch on Twitter

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2:18 AM · Nov 28, 2024

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MAJOR will list on six cryptocurrency exchanges, with enthusiasts seemingly planning to hold for the long term.

For instance, AkadexCrypto urged participants to refrain from selling “if the listing price is below $2.”

He trusts the altcoin can hit $5, citing its 100 million supply.

Telegram’s crypto holdings skyrocket

Telegram’s latest financial statements reveal success in its crypto venture.

The messaging crypto holdings soared to $1.3B in Q1 2024 – a massive growth from 2023-end’s $400 million.

S. M. K 🧱

@Officialjustsmk

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Did you know that in just six months, @telegram‘s crypto holdings shot up from $400 million to $1.3 billion?
That’s a more than threefold increase.
Interestingly, here’s how they pulled this off.
THREAD🧵

6:01 PM · Nov 27, 2024

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The Open Network deals and returns from selling TON coins contributed to the rapid revenue surge.

Telegram sold TON worth $353 million in 2024 H1. Also, it netted $225 million after a deal that made TON the only token to purchase ads.

Telegram remains a hot space for cryptocurrency, and MAJOR will leverage its massive community for stability in the upcoming times.

MAJOR trades at $1.43 at press time, with $143.29 million in market capitalization (Coinmarketcap data).

Its price increased by 2% over the past day as the daily trading volume is $137.92K.

It remains interesting to see the altcoin’s performance in the upcoming months and years amid massive endorsements.

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