Toncoin (TON) price has surged to $5.36, reflecting an increase of 3.04% showing a positive momentum. This came after the launch of TADA, a Telegram Mini App with the TON Foundation.
The app enables the booking of rides and payments through Toncoin or USDt-TON within Telegram. This is a huge step towards the implementation of Web3 in everyday applications. This development has led to the increased use of TON thereby proving its importance in real-life transactions.
TON’s market capitalization has risen by 2.27%, reflecting the interest in the new application. Such growth in market capitalization indicates that investors are gaining more conviction in TON’s increased functionality and application as well as its prospects for wider use.
TADA Mini App Fuels TON Price Adoption
TADA Mini app has made payment easier by integrating it with Telegram, through which users can pay for ride-hailing services. The app has led to increased usage of Toncoin since it has made payment easier and more efficient in TON or USDt-TON.
From the chart, the TON price shows a clear bullish trend with the price rising from a low of $5.20. It goes to a high of $5.45, before settling at $5.36. This reflects that the response to this integration has been steady and positive in general.
The upcoming promotional campaign of TADA at @token2049 is expected to boost the user adoption level. Between 14 and 18 September, the first 4,000 users of the TADA app in Singapore will be able to ride for free. Subsequent rides will be 50% off. This promotion is to help increase the number of active users of the app. Thereby increasing the use of TON as a payment solution.
Triangle Accelerator Launched to Boost TON Ecosystem Development
Another important development is the Triangle accelerator which has been launched by Notcoin. It is a Telegram-based Web3 game in collaboration with other key industry stakeholders. This program, is backed by 1inch and the attestation protocol Sign. It is aimed at the promotion of development in the TON and Telegram ecosystems.
The accelerator will focus on enhancing the usability of TON apps. While also encouraging the development of more mini-apps that incorporate both Web2 and Web3 features. Some of the top mentors of Triangle are Xin Yan, the CEO of Sign, Anton Bukov, the co-founder of 1inch, and many other individuals from the industry.
Using the Telegram audience, the accelerator wants to acquaint millions of users with Web3 technologies through entertaining and easily understandable apps. This will help TON to achieve faster growth since there will be more innovations within the ecosystem.
TON Blockchain Continues to Grow Independently
TON was initially created by Telegram. The project has done well on its own after a legal battle with the SEC forced the separation between the two. Even though Telegram officially distanced itself, TON has emerged as one of the most popular blockchain projects of the year.
The token is now among the ten largest cryptocurrencies by market capitalization mainly because of the increasing adoption in the Telegram gaming and application environment.
The continued partnership of key industry participants and the release of new simple-to-use applications are driving TON’s growth. These developments indicate a strong growth trajectory for TON and position it as a key player in the evolving digital economy.
