Telegram CEO Backs Altcoin MAJOR: Vows to Hold for 10 Years

Andras Crow-Hreidar
By Andras Crow-Hreidar Add a Comment
4 Min Read

Telegram CEO Pavel Durov has announced his strong support for the MAJOR token, pledging to hold 1% of its total supply for the next 10 years. Highlighting the seamless integration of the Major mini app with Telegram and its impressive community engagement, Durov expressed his confidence in the project. MAJOR plans to launch its token via an airdrop on The Open Network (TON) and aims to list on six major exchanges, with futures trading already live on OKX.

Telegram CEO Backs Altcoin MAJOR: Vows to Hold for 10 Years = The Bit Journal

MAJOR’s Impressive Growth in the Telegram Ecosystem

In a November 28 update shared via his Telegram channel, Durov praised MAJOR as one of Telegram’s most successful mini apps. The platform has generated $10 million in revenue and attracted over 70 million users in just five months, showcasing its ability to drive strong community involvement and innovative use of the Telegram ecosystem.

Additionally, Durov revealed that Roxman, the developer behind Major, gifted him 1% of the token’s total supply. By committing to hold these tokens for a decade, Durov reinforced his long-term belief in the project.

MAJOR is expanding its mini app ecosystem with features like username NFT rentals, digital identities, and a gaming hub. These additions aim to enhance community engagement and elevate user experiences. With its rapid adoption and seamless integration into Telegram, MAJOR stands out as a major success within the platform’s ecosystem.

Telegram CEO Backs Altcoin MAJOR: Vows to Hold for 10 Years = The Bit Journal

The Hype Around MAJOR Token

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Supported by Telegram CEO Pavel Durov, the MAJOR token is gaining momentum as it prepares for listings on six top exchanges. Such listings are expected to increase its visibility and attract a wider audience. Meanwhile, MAJOR futures are already trading at $1.43 on OKX, reflecting growing interest among investors.

Durov’s decision to hold 1% of the token supply for 10 years has further fueled the hype, positioning MAJOR as a promising project in the crypto space. Industry experts are even calling Durov’s involvement a potential “crypto Black Swan” event, citing his ability to drive innovation and build trust in the community.

Telegram’s Rising Crypto Revenue

Telegram has seen significant growth in its crypto-related activities, with revenue from such operations surging by 225% to $1.3 billion in the first half of 2024. Telegram’s mini apps, including CeDeFi wallet Fintopio, are gaining traction for their innovative integrations, enabling smooth crypto transactions.

Durov emphasized these achievements, noting the role of Telegram in advancing crypto adoption and innovation. The strong performance of Telegram-backed projects like MAJOR reflects the platform’s ability to leverage its ecosystem for groundbreaking developments.

Final Thoughts

Pavel Durov’s endorsement of the MAJOR token highlights the growing importance of Telegram’s crypto ecosystem. With plans for innovative features and significant backing from one of the industry’s most influential figures, MAJOR has the potential to become a key player in the crypto market.

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You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.

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Editorial Director Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.
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