• Pantera Capital has raised funds for its second funding in TON’s Toncoin token.
• The fund, named “Pantera TON Funding Alternative,” goals to buy extra TON tokens.
• The corporate introduced its largest funding to this point in TON, however didn’t disclose the quantity.

Enterprise capital agency Pantera Capital is growing its publicity to open community Toncoin (TON) via a second devoted fund, signaling continued confidence within the Layer-1 blockchain related to Telegram.

The fund, titled “Pantera TON Funding Alternative,” goals to accumulate extra TON tokens.

“We invite you to hitch us in our subsequent spherical of funding alternatives,” Pantera stated in an e-mail to potential traders. Pantera had beforehand introduced a big funding in TON in Might, however didn’t disclose the quantity.

In line with Wu Blockchain, Pantera had beforehand indicated it might purchase discounted SOL from FTX for $250 million.

The corporate highlighted TON’s distinctive options and potential for mass adoption, noting its widespread use inside the Telegram community and its scalability that permits for low transaction charges.

“TON is broadly used inside the Telegram community, so we consider it has the power to introduce cryptocurrency to the lots. The scalability of the TON community permits for a hard and fast price of round $0.10 for a transaction between two customers, which is 66% cheaper than different cryptocurrency fee platforms.”

In line with latest stories, the platform is looking for traders excited by taking part within the funding spherical with a minimal funding of $250,000. Presently buying and selling at $1.78, the TON token has risen 14% prior to now month. Nevertheless, it has skilled a drop of greater than 10% prior to now week, regardless of a slight improve of 0.17% prior to now 24 hours.