The crypto world is rapidly evolving, and users are looking for new coins to invest in. Experts of different levels consider Toncoin (TON) as one of the best options on the market these days. Many people use this cryptocurrency as a payment method including in gambling.
Finding a Toncoin casino is not difficult. Once you register, you can make deposits and cash out your winnings with TON, enjoying the corresponding benefits. The latter includes speed, anonymity, and security.
Toncoin has been attracting so much attention lately because of the surge in its price. It reached $2.7 (up almost 35%) right after Telegram’s advertising platform was launched. Keep reading to learn more.
How Telegram Advertising Platform Influenced TON’s Price
The announcement of an advertising platform from Telegram has become one of the main events of recent times. Pavel Durov, the founder of the messenger, announced that the owners of Telegram channels will receive revenue from advertising. It is important to note that this applies directly to the specified crypto coin.
So, owners of Telegram channels will receive ad revenue of up to 50% in Toncoin. This approach motivates users to participate more actively in the development of the messenger. Moreover, it also increases the demand for TON.
The first results are already visible. Thus, investors have reacted to the potential for wider adoption of Toncoin, which caused its value to increase by almost 35%.
Implementation of Toncoin and Blockchain in Telegram
Pavel Durov’s decision is due to several reasons. First of all, the use of TON coins is absolutely safe. Besides, blockchain technology allows Telegram messenger to make fast payments, improving user experience in its advertising ecosystem.
It is worth noting that TON is used in this ecosystem with a self-sustaining cycle of value creation. This means that channel managers can immediately cash out their crypto coins or invest them in the development and promotion of their channels to attract even more users, for example. This virtuous circle is designed to increase Toncoin’s role within Telegram’s landscape.
Ascendancy of Telegram Within TON Holdings
With prices skyrocketing, the crypto community has begun to express concerns about the potential dominance of Telegram within Toncoin holdings. To explain this, Pavel Durov made a post on his messenger channel.
In his statement, Durov reassured the community about Telegram’s acknowledgment of the significance of a decentralized ecosystem and its dedication to guaranteeing an equitable distribution of Toncoin. To accomplish this goal, he unveiled intentions to restrict Telegram's ownership of TONs to roughly 10% of the overall supply. This strategy entails selling excess holdings to enduring investors at a reduced rate, along with implementing a lockup and vesting scheme spanning from one to four years.
Long-Term Holding
Pavel Durov also emphasized fair and transparent interaction with crypto investors. Those who can afford to invest at least $1,000,000 should contact Telegram via a special email address to express their interest in buying the coins.
This approach is aimed at attracting long-term holders to contribute to the TON stability, and at the same time, reduce its volatility. That is, free-floating Toncoin will be locked up. Thus, Telegram aims to thwart any unjust impact on the market while nurturing a decentralized atmosphere that fosters growth and innovation.
By tackling worries regarding TON concentration and enacting measures to uphold decentralization, Durov endeavors to inspire trust in the “Open Network” ecosystem’s integrity and enduring sustainability.
Final Thoughts
The interest of crypto specialists in Toncoin is growing rapidly. The coin that is used in gambling and other spheres is becoming an integral part of the Telegram system. Channel owners will soon receive cash rewards for advertising. Received TON coins can be cashed out straight away or reinvested in the development of the channel.
Pavel Durov spoke in support of the decentralized ecosystem and fair distribution of TON. Telegram is going to attract long-term holders who can contribute to Toncoin today.
