Telegram Shifts Revenue Model, TON Token Surges by Over 30% in Bullish Crypto Market Trend 🚀
Telegram has made a significant announcement regarding its revenue model, leading to a surge in the value of the TON token. Founder Pavel Durov revealed that channel owners on Telegram will now receive 50% of ad revenue exclusively in Toncoin (TON), creating a “virtuous circle” for creators. This shift has caused the price of TON to rise by over 30% in just one week, reaching $2.75. With a market cap of $9.5 billion, TON is now the 18th largest cryptocurrency globally.
Battling Concentration Concerns: Telegram Limits TON Holdings and Promotes Stability 🔒
To address concerns about concentration and centralization, Telegram co-founder Pavel Durov has announced limitations on TON holdings. Each investor will be restricted to owning a maximum of 10% of TON tokens. This decision comes in response to worries about Telegram’s significant share of Toncoin due to exclusive advertising sales for TON. To promote stability and reduce volatility, surplus TON holdings will be sold at a discounted rate to long-term investors.
Telegram’s Integration of TON as Exclusive Payout Currency 📢
Telegram’s announcement that TON will be the exclusive payout currency for ad revenue sharing is a monumental stride for the cryptocurrency. With Telegram channels collectively amassing a trillion views monthly, the potential volume of TON distributed through this program is substantial.
Binance Expands Futures Lineup with TON Perpetual Contracts 💼
Binance, one of the leading cryptocurrency exchanges, is set to expand its futures lineup by introducing perpetual contracts featuring Toncoin. This development is generating significant excitement surrounding the Telegram Open Network. The TON/USDT perpetual contract, scheduled for launch on March 1, offers traders maximum leverage of up to 50x, providing an expanded playing field for potential gains.
- Binance’s spot trading platform currently does not support TON, but it does provide valuable coin price tracking and market information.
- This move sets the stage for potential future additions to Binance’s TON offerings.
Market Dynamics and TON’s Rise 📈
The surge in TON’s value is taking place alongside Bitcoin’s strength as it approaches its all-time high at $67,000. Ethereum has also experienced a 12.4% gain in the past seven days, reaching $3,550. Several market dynamics, including the launch of new ETFs and outflows from the Grayscale Bitcoin Trust, are contributing to these increases.
- Bitcoin’s proximity to its all-time high has sparked speculation, but long-term investors remain confident in sustained demand driven by new U.S. ETFs and the upcoming April halving event.
Hot Take: Telegram Revolutionizes Revenue Model with TON Integration 💥
Telegram’s shift in its revenue model by integrating TON as the exclusive payout currency marks a significant milestone for both Telegram and Toncoin. This move has propelled the value of TON by over 30% within just one week, highlighting its potential in the bullish crypto market trend. With Binance expanding its futures lineup to include TON perpetual contracts, the excitement surrounding TON continues to grow. As market dynamics evolve and Bitcoin and Ethereum show strength, it will be interesting to see how TON’s rise unfolds in the coming months.
Noah Rypton stands as an enigmatic fusion of crypto analyst, relentless researcher, and editorial virtuoso, illuminating the uncharted corridors of cryptocurrency. His odyssey through the crypto realms reveals intricate tapestries of digital assets, resonating harmoniously with seekers of all stripes. Noah’s ability to unfurl the labyrinthine nuances of crypto intricacies is elegantly interwoven with his editorial finesse, transmuting complexity into an engaging symphony of comprehension.