Telegram’s Latest Feature: Ad Payments with TON Blockchain
Telegram recently introduced a new feature that allows users to promote their channels through advertising. With this launch, you can now buy ad space using Toncoins (TON), the native cryptocurrency powered by the TON blockchain. This move opens up new revenue opportunities for channel owners, as Telegram channels collectively garner over 1 trillion views per month.
Revenue Sharing Model
Channel owners with at least 1000 subscribers can now receive 50% of the ad revenue generated from ads displayed on their channels. This revenue-sharing model aims to incentivize content creators and drive higher engagement on the platform.
- Telegram implements the TON blockchain for ad payments
- The TON blockchain was chosen for its low fees, high transaction speeds, and scalability in processing transactions per second.
- Users can promote their channels with budgets as low as a few Toncoins and select specific channels for their ads.
- Exclusive Use of TON Blockchain
- Telegram CEO Pavel Durov emphasized the use of the TON blockchain for fast and secure ad payments and withdrawals.
- All ad transactions on the platform will be conducted exclusively using Toncoins.
Bullish Momentum for TON Token
Following the unveiling of these new features, the TON token has shown bullish momentum in the market. Over the past 24 hours, TON has surged by more than 5%, reaching a trading price of $5.30. This price increase adds to the token’s overall growth of 100% in the last 30 days.
The announcement has also led to a significant uptick in trading volume, which has exceeded $234 million in the past 24 hours. This surge represents a 74% increase compared to previous trading volumes, indicating growing interest in the TON token.
- Approaching All-Time High
- The TON token is nearing its previous all-time high of $5.69, set on March 25.
- With the introduction of new features and increased trading volume, the token is poised to reach a new all-time high if demand continues to rise.
- Key Resistance Level
- To establish new all-time highs, the token must surpass the significant resistance level of $5.45.
- This price level has proven to be a hurdle for the token in previous attempts to reach new highs.
Support Level and Price Analysis
On the TON/USD 4-hour chart, the token has a support level at $5.26, which could prevent significant price corrections following the recent uptrend. This support level acts as a buffer against sharp downward price movements.
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