Telegram, the famend messaging platform, just lately unveiled a brand new function that enables customers to advertise their channels by means of promoting. With the launch of this function, 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 function 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, excessive transaction speeds – and holds a file for the variety of transactions it will possibly 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 seem, so you’ve got 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 can be the unique platform for these transactions. Durov said:

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

TON Reveals Bullish Momentum

As Telegram unveils these new options and developments that may considerably enhance 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 buying and selling value of $5.30. This surge provides to its spectacular 100% value improve over the previous 30 days alone.

Notably, the announcement has additionally triggered a considerable improve within the buying and selling quantity of TON, which has soared to $234,869,370 previously 24 hours. This represents an increase of over 74% in comparison with Sunday’s buying and selling quantity, in line with CoinGecko information.

Moreover, the TON token is approaching its all-time excessive (ATH) mark of $5.69, reached on March 25. With the introduction of those new options in Telegram and the notable improve in buying and selling 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.

Nonetheless, the token should surpass the numerous resistance degree of $5.45 for this situation to unfold. This value degree has confirmed to be a hurdle for the token, because it has tried 3 times to interrupt by means of and consolidate above it to achieve a brand new ATH however has failed. Overcoming this resistance degree is essential earlier than the token can strategy new ATH ranges.

On the TON/USD 4-hour chart, the assist degree that might probably halt a value correction following the latest uptrend is $5.26. This assist degree acts as a buffer to stop a major downward correction in value.

Featured picture from Shutterstock, chart from TradingView.com

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