Notcoin

Toncoin

April

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Foundation

Social messaging platform Telegram has launched “Telegram Stars,” a new in-app token for purchasing digital goods and services.
“With Telegram Stars, mini apps can now accept payments for digital services using the simplest payment method possible – in-app purchases on Android and iOS,” <a href="https://t.me/durov/280" target="_blank" rel="noopener nofollow">said</a> Pavel Durov, the firm’s CEO, in a June 6 Telegram post.
Developers can <a href="https://cointelegraph.com/news/telegram-toncoin-soars-50-may-3-reasons"></a><a href="https://cointelegraph.com/news/telegram-toncoin-soars-50-may-3-reasons">swap their Stars for Toncoin (TON)</a>, the native cryptocurrency powering Telegram’s “The Open Network” via Fragment, a platform mostly used to buy and sell Telegram usernames. 
“They can also use Stars to further promote their apps on Telegram,” Durov added.
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 Source: Pavel Durov
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Durov said Telegram will subsidize advertisements purchased with Stars on Apple and Google, which <a href="https://cointelegraph.com/news/apple-tax-rules-remain-for-now-epic-games-crypto-nfts">take a 30% commission</a><a href="https://cointelegraph.com/news/apple-tax-rules-remain-for-now-epic-games-crypto-nfts"></a> on digital product sales.
Durov believes this will economically incentivize developers <a href="https://cointelegraph.com/learn/a-step-by-step-beginners-guide-to-creating-your-first-cryptocurrency-token">to build digital products</a> on Telegram:
<blockquote data-ct-non-breakable="true">
 “If developers reinvest Stars in promoting their app, the overall commission will be nearly 0%. As a result, launching apps on Telegram makes more economic sense than launching traditional mobile apps.”
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“Future updates will bring extra features and functionality to Stars – like gifts for content creators and more,” Telegram <a href="https://telegram.org/blog/telegram-stars" target="_blank" rel="noopener nofollow">said</a> in a June 6 post.
Telegram has seen considerable success with Notcoin (NOT), one of the platform’s most popular apps, which <a href="https://cointelegraph.com/news/notcoin-crypto-adoption-telegram">amassed 35 million users</a> within the first five months of its launch. 
Notcoin is a “tap-to-earn” token where users earn NOT tokens by completing various social challenges.
More than 400 million of Telegram’s 900 million users <a href="https://cointelegraph.com/news/what-are-telegram-trading-bots">interact with Telegram bots</a> and mini apps every month. 
Related: <a href="https://cointelegraph.com/news/ton-blockchain-launches-115-million-community-incentive-program">TON blockchain launches $115M community incentive program</a>
Telegram launched Tether (<a href="https://cointelegraph.com/tether-price-index">USDT</a>) on the TON blockchain in April as part of a partnership with the stablecoin issuer to <a href="https://cointelegraph.com/news/tether-usdt-stablecoin-ton-blockchain">drive more cryptocurrency adoption</a> via the messaging platform.
“[Users] no longer need to jump through the barriers of having to acquire a different type of crypto or token,” TON Foundation director of investments Justin Hyun told Cointelegraph at the time. 
About 36 hours earlier, TON set a new all-time high price of $7.65 but has since cooled off to $7.50, <a href="https://www.coingecko.com/en/coins/toncoin" target="_blank" rel="noopener nofollow">according</a> to CoinGecko. However, its $18.2 billion market cap is still $7 billion off from its $25.2 billion peak set on April 12.
Magazine: <a href="https://cointelegraph.com/magazine/2500-film-about-ftx-collapse-amazon-prime-with-help-from-mom/">The $2,500 doco about FTX collapse on Amazon Prime… with help from mom</a>

Telegram launches in-app currency ‘Stars’ for digital purchases

Cointelegraph

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