Telegram, the famend messaging platform, just lately unveiled a brand new characteristic that permits customers to advertise their channels via promoting. With the launch of this characteristic, customers can now buy advert house utilizing Toncoins (TON), the native cryptocurrency powered by the TON blockchain.

Telegram Implements TON Blockchain For Advert Funds

Acknowledging the potential for channel homeowners to generate promoting income, Telegram’s announcement highlighted that channels collectively accumulate over 1 trillion views every month. 

Realizing this chance, Telegram has carried out a revenue-sharing mannequin, enabling channel homeowners with a minimal of 1000 subscribers to obtain 50% of the advert income generated from adverts displayed on their channels.

The choice to combine the TON blockchain into this characteristic was pushed by numerous causes, as famous within the social media platform’s announcement on Sunday:

We selected the TON Blockchain as a result of it has low charges, high transaction speeds – and holds a document for the variety of transactions it could actually course of per second. Anybody can now promote their bot or channel – with budgets as little as a handful of Toncoins. When making a Telegram advert, you select the precise channels the place you’d prefer it to look, so you might have full management over their context.

Telegram CEO Pavel Durov had beforehand emphasised the significance of quick and safe advert funds and withdrawals, expressing that the TON blockchain could be the unique platform for these transactions. Durov said:

To make sure advert funds and withdrawals are quick and safe, we’ll solely use the TON blockchain. Much like our method with Telegram usernames on Fragment, we’ll sell adverts and share income with channel homeowners in Toncoin. It will create a virtuous circle, through which content material creators will be capable of both money out their Toncoins — or reinvest them in selling and upgrading their channels.

TON Exhibits Bullish Momentum

As Telegram unveils these new options and developments that may considerably increase the adoption and utilization of the TON token, the cryptocurrency has responded positively. 

Over the previous 24 hours, TON has surged by greater than 5%, reaching a present trading value of $5.30. This surge provides to its spectacular 100% value improve over the previous 30 days alone.

Notably, the announcement has additionally prompted a considerable improve within the trading quantity of TON, which has soared to $234,869,370 prior to now 24 hours. This represents an increase of over 74% in comparison with Sunday’s trading quantity, in accordance with CoinGecko information.

Moreover, the TON token is approaching its all-time high (ATH) mark of $5.69, reached on March 25. With the introduction of those new options in Telegram and the notable improve in trading quantity, the token seems to be on the verge of setting a brand new ATH within the coming days if the demand continues to rise.

Nevertheless, the token should surpass the numerous resistance level of $5.45 for this state of affairs to unfold. This value level has confirmed to be a hurdle for the token, because it has tried thrice to interrupt via and consolidate above it to succeed in a brand new ATH however has failed. Overcoming this resistance level is essential earlier than the token can method new ATH ranges.

On the TON/USD 4-hour chart, the help level that might probably halt a value correction following the current uptrend is $5.26. This help level acts as a buffer to forestall a major downward correction in value.

The 4-hour chart reveals TON’s value persistently trending upwards over the previous month. Supply: TONUSD on TradingView.com

Featured picture from Shutterstock, chart from TradingView.com

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