TON users donate $1B to advance ecosystem, foundation says

04/21 04:18

The TON Foundation, steward of the cryptocurrency project abandoned by messaging app provider Telegram, said it has raised over $1 billion in donations from users to advance its ecosystem. The funds came via 176 separate donations, with most coming from large holders. Among them, 18 donations were of over 10 million TON and 37 were of over 4 million, a TON Foundation spokesperson told CoinDesk. The foundation has been attempting to increase the allure of the TON ecosystem to potential Web 3 builders and developers. There is no plan to offer a direct incentive for donors, who have been motivated instead by a desire to benefit the TON ecosystem, the spokesperson said.
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