PCX Coin is the native cryptocurrency of the ChainX blockchain platform, a decentralized interoperability network that enables communication between various blockchain networks. ChainX’s primary goal is to connect different blockchain networks, allowing them to share their assets and values in a secure and trustless manner. PCX Coin is used for staking, network governance, and transaction fees on the ChainX platform.
Pavel Durov’s Telegram has announced that it issued $270 million in bonds this week to fund its growth until it achieves profitability. The move is intended to provide the necessary funding to bring the company closer to the break-even point . With this bond issuance Telegram is aiming to guarantee its development and secure the resources needed for its expansion . Bonds vs. Shares: The Reasoning Behind Telegram’s Choice Telegram’s decision to issue bonds instead of shares is due to the significant rise in interest rates beginning from 2021 . By going for bonds the company can benefit from a different issue price and tap into the pool of interested investors. Bonds offer a promise of repayment of interest and serve as a loan contracted with investors who believe in the companys potential. FOR MORE INFO: https://fincurrency.net/telegram-raises-270-million-in-bonds-for-growth-and-profitability
Comments
Post a Comment