According to Durov, Telegram would receive $300 million in cash and equity from xAI, and the messaging platform would keep 50% of the revenue from xAI subscriptions sold on Telegram.
“Formalities are pending,” Durov wrote.
Toncoin is the native token on the The Open Network, or TON. TON is a blockchain that operates as a separate entity from Telegram, but is still associated with the app, allowing the messaging platform’s 1 billion users to pay for games, advertisements and other decentralized applications.
