Pavel Durov commits to holding 1% of MAJOR tokens for 10 years, boosting trust and market confidence.
Major mini app generates $1M monthly, attracts 70M users, showcasing rapid growth within Telegram's ecosystem.
Telegram's crypto revenues surge 190% in 2024, solidifying its role in digital asset adoption and market innovation.
Telegram CEO Pavel Durov has pledged his support for the MAJOR token by committing to hold 1% of its total supply for ten years. Durov shared this announcement on November 28 through his Telegram channel, highlighting the token’s growth and potential.
Rapid Growth of the Major Mini App
The Major mini app has gained remarkable traction within Telegram’s ecosystem. Five months after its launch, the app has started to make $1m per month in revenues and has 70m users. This milestone proves the ability to connect with Telegram and the active involvement of a constantly expanding user base.
MAJOR token plans to launch on The Open Network (TON) with an airdrop. Additionally, the token will list on six leading exchanges. Futures trading for the token is already active on OKX, where it is priced at $1.43.
The development team has outlined ambitious plans to expand the Major mini app ecosystem. These plans include features like username NFT rentals, digital IDs, and a gaming hub. Such initiatives aim to enhance user experiences and sustain community involvement.
Durov’s Commitment Reinforces Confidence
Roxman, the developer of Major, donated 1% of the token supply to Durov, underscoring trust in the platform. Durov pledged to retain the tokens for a decade without selling, signaling his confidence in the project’s long-term vision.
This commitment has bolstered community trust and increased interest in the token. Crypto enthusiasts view Durov’s involvement as a significant endorsement, elevating the token’s profile in the market.
Telegram’s Growing Influence in Crypto
Telegram’s mini app ecosystem continues to grow, driven by innovative integrations like the Major app. Other apps, such as Fintopio, have introduced features like CeDeFi wallets, enabling smooth cryptocurrency transfers.
In 2024, Telegram’s crypto-related revenues rose by 190%, while its holdings increased by 225% to reach $1.3 billion. These figures reflect the platform’s expanding role in the cryptocurrency space and its successful adaptation to market trends.
Analysts believe that Durov’s active involvement could significantly impact the crypto industry. His efforts to foster innovation and build trust among users have strengthened Telegram’s position as a key player in digital asset adoption.
The MAJOR token, with Durov’s support and its growing ecosystem, has emerged as a standout project within Telegram’s framework. The token’s anticipated listings and upcoming features are expected to sustain momentum and drive further community engagement.
The post Pavel Durov, CEO of Telegram, Backs MAJOR Token for Long-Term Hold, Eyes 10-Year Investment appeared first on Crypto News Land.
