Pavel Durov, CEO of Telegram, Backs MAJOR Token for Long-Term Hold, Eyes 10-Year Investment

  • 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.

Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

Other posts