{"id":24018,"date":"2024-07-01T12:00:35","date_gmt":"2024-07-01T09:00:35","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24018"},"modified":"2024-07-01T09:52:10","modified_gmt":"2024-07-01T06:52:10","slug":"ton-token-a-future-contender-against-ethereum","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ton-token-a-future-contender-against-ethereum\/","title":{"rendered":"TON Token: A Future Contender Against Ethereum?"},"content":{"rendered":"

Shortly after making the biggest investment in the token earlier this year, this week I broke the scoop that Pantera Capital was raising money for a second investment in the coin. Later research revealed Pantera Capital wasn’t alone in this.<\/p>\n

The TON token<\/strong> is also the largest token owned by Kingsway Capital; its founder and CEO, Manuel Stotz, informed me (not before publication). Over two years ago, Stotz claimed, Kingsway began purchasing the TON token<\/strong>, much ahead of Pantera.<\/p>\n

Ryze Labs, formerly Sino Global Capital, also significantly owns the TON coin<\/strong>. Again, not previously revealed, Matthew Graham, founding and managing partner, told me Ryze has been a “large buyer” of the TON token<\/strong> “for some time now.”<\/em><\/p>\n

According to co-founder and executive chairman Yat Siu, Animoca Brands began purchasing the TON token<\/strong> when it was less than $1. Siu said the company continued to purchase the token at $1, at $1.50, and at $2. Currently trading at about $7.65, TON has grown to be the ninth-largest cryptocurrency based on market value. On the TON blockchain<\/strong>, or The Open Network, Animoca is also the biggest validator, Siu said.<\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n