TLDR:
Key Points:
- Pantera Capital is raising funds for its second investment in The Open Network’s Toncoin (TON) token
- The firm aims to raise capital to buy more TON tokens and has set a minimum contribution of $250,000
Pantera Capital, a major venture capital firm, is currently raising funds for its second investment in The Open Network’s Toncoin (TON) token. The firm, which previously invested in TON in March, is inviting potential investors to participate in the upcoming round of this investment opportunity. Those interested in contributing to the fund have until the end of the Friday business day to indicate their interest through a form, with a minimum contribution of $250,000.
Pantera is optimistic about the potential of the TON network, noting its growth and adoption by the Telegram user base. TON has seen significant success, with its daily active users outshining Ethereum’s for most of June 2024. The project also boasts 900 million users on its Telegram platform and the recent launch of the USDT stablecoin on the network. TON hit an all-time high of $8.01 on June 14 and continues to reach new peaks.
