{"id":17074,"date":"2024-09-18T14:50:28","date_gmt":"2024-09-18T11:50:28","guid":{"rendered":"https:\/\/forklog.com\/en\/bitget-and-foresight-ventures-acquire-30-million-in-toncoin\/"},"modified":"2024-09-18T14:50:28","modified_gmt":"2024-09-18T11:50:28","slug":"bitget-and-foresight-ventures-acquire-30-million-in-toncoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitget-and-foresight-ventures-acquire-30-million-in-toncoin\/","title":{"rendered":"Bitget and Foresight Ventures Acquire $30 Million in Toncoin"},"content":{"rendered":"<p>The cryptocurrency exchange Bitget and the fund Foresight Ventures have announced the acquisition of Toncoin (TON) worth $30 million from major holders, as reported by <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/09\/18\/bitget-foresight-ventures-buy-30m-ton-tokens-from-whales\/\">CoinDesk<\/a>.<\/p>\n<p>Investor representatives told the publication that the transaction was not structured as a traditional venture capital infusion.<\/p>\n<p>The tokens were purchased directly from unnamed figures within The Open Network ecosystem. The TON Foundation, the organization developing the blockchain, did not participate in the deal.<\/p>\n<p>The investments will be directed towards the development of the TON blockchain and other Telegram-based projects, including clicker games like <a href=\"https:\/\/forklog.com\/en\/news\/ton-gaming-chief-discusses-future-of-notcoin-and-hamster-kombat\">Notcoin and Hamster Kombat<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAll acquired TON tokens have a lock-up period and will be gradually released according to a vesting schedule to ensure that all parties are committed to the long-term development of the TON ecosystem,\u201d investor representatives stated.<\/p>\n<\/blockquote>\n<p>Following the news, the price of Toncoin rose by 2.3%. The coin is currently trading at $5.55, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/toncoin\">CoinGecko<\/a>.<\/p>\n<p>Earlier, TON Foundation and Curve Finance announced the creation of a platform for stablecoin trading on the TON blockchain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Bitget and the fund Foresight Ventures have announced the acquisition of Toncoin (TON) worth $30 million from major holders, as reported by CoinDesk. Investor representatives told the publication that the transaction was not structured as a traditional venture capital infusion. The tokens were purchased directly from unnamed figures within The Open Network [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1222,52,723,1364,1422],"class_list":["post-17074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitget","tag-investments","tag-telegram","tag-the-open-network","tag-toncoin"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=17074"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/17073"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=17074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=17074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=17074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}