See More

Telegram Integrates Toncoin (TON) Payments: Price Impact

2 mins
Updated by Harsh Notariya
Join our Trading Community on Telegram

In Brief

  • Telegram introduces Toncoin payment feature, boosting channel owner monetization.
  • TON adoption leads to price fluctuations, with a 7% increase followed by a 6% decline.
  • Telegram's $330 million bond sale highlights its financial strategy's impact on Toncoin.
  • promo

Telegram recently unveiled a new payment feature using Toncoin (TON), creating a buzz among community members. This move includes a rewarding system for channel owners, enhancing the monetization of the platform.

With the ability to purchase ads using Toncoin, Telegram is stepping into a novel integration of digital currency and advertising.

How Telegram Facilitates Monetization Through Toncoin

Channel owners on Telegram are now eligible to earn 50% of the revenue from advertisements shown in their channels. This initiative capitalizes on Telegram’s extensive user engagement, with channels accumulating over one trillion views monthly.

Public channels with at least 1,000 subscribers will benefit from this monetization scheme, signaling a significant shift in content creator revenue generation.

Read more: Top 9 Telegram Channels for Crypto Signals in April 2024

The adoption of TON-based advertisements marks a crucial development. Telegram claims that it chose the TON blockchain, due to its efficiency and speed, facilitating a seamless ad purchase process.

Moreover, according to the platform, this innovation streamlines advertising and also offers precise control over ad placement, ensuring ads are contextually relevant.

“Anyone can now promote their bot or channel – with budgets as low as a handful of Toncoins. When creating a Telegram ad, you choose the exact channels where you’d like it to appear, so you have full control over their context,” Telegram explained.

Following the announcement, Toncoin’s value experienced a notable increase, rising by 7% on Sunday. However, the surge was temporary, as a 6% decline occurred on Monday. This volatility reflects the market’s initial reaction to Telegram’s integration of Toncoin and its broader implications.

Toncoin ranked as the 11th largest cryptocurrency by market cap, demonstrated price volatility. After hitting an all-time high in March, TON is consolidating between $5.50 and $4.77. A breakout above $5.50 with strong volume could indicate a continuation of the uptrend.

Toncoin (TON) Price Performance
Toncoin (TON) Price Performance. Source: TradingView

Toncoin’s market dynamics became a focal point after Telegram announced a $330 million bond sale, which garnered significant investor interest.

The bond sale, described by CEO Pavel Durov as a milestone for Telegram, attracted global funds and showcased favorable financial terms. This event has put the spotlight on the potential impact of Telegram’s financial strategies on Toncoin’s market performance.

Read more: What Are Telegram Bot Coins?

Meanwhile, Telegram faced a setback in the Spain market. On March 24, BeInCrypto reported that Spain ordered a temporary suspension of Telegram after copyright complaints.

Top crypto projects in the US | May 2024

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Frame-2264-1.png
Harsh Notariya
Harsh Notariya excels in delivering SEO-optimized crypto news under tight deadlines. Previously, as a Growth Marketer at Sporty and a Community Consultant at Totality Corp, he significantly boosted community engagement and followers. Harsh also crafted engaging content for top crypto influencer Shivam Chhuneja, blending meme references for an educational yet fun experience. His versatile skills make him a notable figure in crypto journalism.
READ FULL BIO
Sponsored
Sponsored