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HomeNewsTON Coin Gains Momentum: Telegram's Move to Crypto Payments Ignites Interest

TON Coin Gains Momentum: Telegram’s Move to Crypto Payments Ignites Interest

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  • Telegram’s fair reward system ensures channel owners with over 1,000 subscribers receive 50% of generated ad revenue.
  • Toncoin’s adoption for ad payments follows its significant market performance, with a recent 90% growth over the past month.

Telegram has launched a new feature allowing the use of Toncoin (TON) for purchasing advertisement slots on the platform. This decision to use Toncoin is attributed to its cost-effectiveness and speed, offering a streamlined process for users aiming to promote their channels or bots with minimal expenditure.

In a notable development, Telegram introduced a fair reward system, setting itself apart from other social media outlets. This initiative guarantees channel owners 50% of the ad revenue generated on their channels, provided they have a minimum of 1,000 subscribers. This model is transparent, with no hidden fees for withdrawing the earned rewards.

Channel owners are granted the flexibility to manage their rewards according to their preferences. They can either withdraw their earnings or reinvest them in various Telegram services, including ad placements, acquiring unique usernames, or participating in exclusive giveaways.

Related: Dogecoin Developer Raises Concerns About Telegram Crypto Bot Linked to Solana’s BONK Meme Token

This enhancement aligns with Telegram’s growing traction within the cryptocurrency sector, particularly highlighted by the platform’s channels cumulatively achieving over 1 trillion views per month. Such a rewarding scheme not only boosts Telegram’s standing but also motivates content creators to produce more engaging content.

The backstory of Toncoin, originally named the Telegram Open Network (TON), sheds light on Telegram’s complex journey in the cryptocurrency domain. Initially spearheaded by Telegram, the project faced regulatory hurdles, leading to its rebranding as “The Open Network” by an independent group. Following the integration of Toncoin for ad payments, the cryptocurrency witnessed a 7% increase in its value, signaling a positive market response.

Read more: TON Rockets: Telegram’s Ad Revenue Announcement Drives 18% Surge

Toncoin has shown significant market performance, with a nearly 90% growth over the last month, though it saw a slight decrease by 4% to $5.08 recently. Currently ranked 11th in market capitalization, Toncoin demonstrates strong potential for reaching new heights, especially with increased trading activity.

Pavel Durov, Telegram’s founder, highlights Toncoin’s efficiency in transactions as a key reason for its selection for ad payments and revenue distributions. This strategic move aims to foster a sustainable ecosystem on Telegram, where creators can profit and reinvest within the platform, thereby encouraging a cycle of growth and engagement.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628
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