Telegram Introduces Toncoin (TON) Earning Feature for Content Creators 🚀
Telegram recently announced a new feature that allows content creators to earn Toncoin (TON), the native cryptocurrency of The Open Network. This move highlights the messaging app’s growing focus on cryptocurrencies and blockchain technology.
Reactions in Stars and Ton Conversion
- Users can now send reactions in Stars, an off-chain, in-app currency tied to TON, to content creators and channels on Telegram.
- The Stars can then be converted into TON, or used to pay for advertising by the recipients.
Building a Crypto-Friendly Platform
- Telegram, along with the independently operated Open Network, aims to transform the messaging app into a crypto-friendly platform with spin-off mini apps.
- Channel operators will receive 100% of the stars, which can be converted to TON or used for advertising.
Market Cap and Growth
- TON is currently the ninth-largest digital asset, with a market cap of $17.7 billion according to CoinGecko.
- Its price has recently increased by 9% to $7.04.
Open Network Evolution
- The Open Network, initially developed within Telegram, has gained prominence despite the company abandoning the project in 2020 due to a regulatory lawsuit.
- Independent developers have continued to grow the network, focusing on crypto games and other applications.
TON Integration on Telegram
- Even though Telegram does not operate the TON network, it has integrated the cryptocurrency into its platform, particularly in advertising initiatives.
- Users can also send Bitcoin and USDT on the platform, features not originally created by Telegram.
Hot Take 🔥
Telegram’s introduction of Toncoin (TON) earning feature for content creators reflects the messaging app’s commitment to embracing cryptocurrencies and blockchain technology. With the increasing integration of TON and other digital assets on its platform, Telegram is expanding its services to cater to the growing demand for crypto-related features. The collaboration between Telegram and the Open Network signals a significant step towards creating a more crypto-friendly environment within the messaging app, offering users more opportunities to engage with cryptocurrencies and explore the decentralized network.
Sources: Telegram Blog
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