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Telegram is among the leading social media platforms, closely competing with Instagram, Twitter, and Facebook. For the past few years, many social media firms have entered the crypto space.
According to a recent Telegram announcement, users can now use Toncoin as a mode of payment in-platform advertisements.
This recent update is a part of Telegram’s latest user monetization update that distributes 50% of the revenue from ads shown in the public Telegram channels to their owners.
The published document further states that “now users can promote their channel by paying as little as Toncoins. Users can choose the channel where they want to place their ads powered by Toncoin.
The channel owner will charge no fee to withdraw their rewards. However, the withdrawal service is yet to be live.
Telegram quoted in its document, “We chose the TON Blockchain because it has low fees and high transaction speeds, and it holds a record for the number of transactions it can process per second.”
“Telegram ads are very different from ads on other apps. They are shown only in large public channels. They never appear in your chats, chat list or other interfaces,” the blog adds.
Telegram has over 1 billion users, 800 million of whom are monthly users of the platform; it has 196 million users engaged daily on its platform.
Toncoin Price Overview
The intraday trading volume of Toncoin grew by 63.48%, and its market capitalization surged by 3.49%. When writing the TON, it was trading at $5.37, with a growth of 3.47% in the past 24 hours.
According to CoinMarketCap, the price of TON has flourished by 97.31% in the past 30 days, although it’s all-time high is $5.84. $0- $1k TON are held by 9.28k addresses, $1k- $100k holds $2.05k and $100k and above are held by 66 addresses.
TON/USDT is the most traded pair of Toncoin, which is most traded on OKX, a renowned cryptocurrency exchange. Regarding market capitalization, Toncoin is the 11th most prominent cryptocurrency in the market.
Crypto Market Price Overview
The cryptocurrency market capitalization fell 1.12% in the past 24 hours; when writing, it was $2.64 Trillion. Bitcoin, the most valuable cryptocurrency, slips 1.12% intraday, trading at $69,894.
Ethereum (ETH) has a market capitalization of $427.4 billion, and its price has flourished by 3.05% in the past seven days. The greed and fear index of CoinMarketCap reflects immense greed in the market.
Dogwifhat (WIF) is a recently debuted memecoin that grew above a dollar in a few days after its listing. As per CoinMarketCap, WIF’s price flourished by 2515% in its all-time frame.
Core (CORE) prices grew by 196% in the past seven days, making it the list topper, followed by Dogwifhat (WIF) by 61.20%. Conflux (CFX) slipped 10.36% intraday when writing was trading at $0.4265.
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
