Pantera Capital, a leading venture capital firm, raises funds for its second investment into The Open Network’s Toncoin token (TON). The firm invested in TON previously in March but did not disclose its total investment. Pantera’s “Pantera TON Investor Opportunity” aims to raise money to buy more TON Tokens, according an email Pantera sent this week to potential investors. The email stated: “We invite you to participate in this investment opportunity’s upcoming round.”
Forms are available for those interested in contributing. They have until Friday’s end to submit their interest. The minimum contribution is $250,000.
Ryan Barney, a Pantera Partner, said that the TON network was still in its early stages. “We are excited to see the Telegram users adopt its ecosystem and its new features,” he said last month. Pantera has long been bullish about the Telegram Network TON token and believes it has a lot of potential. The number of users on the TON network has continued to increase, and the USDT Stablecoin was launched on the network.
TON reached an all-time high of $8.01, on June 14, 2018. The token has been consistently hitting new peaks this year, and is likely to continue doing so in the near future. Artemis data shows TON’s daily users have outshined Ethereum for most of the month of June 2024. The project has 900 millions users on its Telegram platform.