With recent developments, Telegram paving way for tech industry to go full crypto, prompting Toncoin's future surge
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The blockchain was originally designed to integrate with Telegram, but its initial attempt was foiled by the United States Securities and Exchange Commission. Telegram was able to reunite with TON after the network was relaunched by independent developers, making it the only major messaging platform to incorporate Web3.dubbed “What Was TON And Why It Is Over,” the Telegram CEO said that they made the decision in response to a U.S.
"To limit Telegram’s share of TON at ≈10% of the supply, we’ll be selling the upcoming surplus of our TON holdings to long-term investors — under 1-4 years lockup and vesting plan, but at a discount to the market price. This way free-floating TON will get locked up, stabilizing the ecosystem and reducing volatility," he statedIn September 2023, Telegram introduced its long-awaited crypto wallet built on the TON blockchain.
On March 31, Telegram introduced a reward system that would allow channel owners with substantial subscribers to earn 50% of the revenue from ads shown in their channels in Toncoin , the project’s native cryptocurrency.Durov said that 50% of the revenue Telegram receives from displaying ads and broadcast channels would be shared with channel owners and content creators using TON’s network.
The Open Network claims to “revolutionize” global peer-to-peer payments, allowing Telegram users to send money instantly without needing a blockchain address or downloading a new app.
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