Wednesday

Momentum

when

In a notable development for the cryptocurrency world, Telegram, the popular social media platform, has introduced an ad revenue-sharing system for channel owners on its native blockchain <a href="https://www.newsbtc.com/toncoin-ton/ton-jumps-by-nearly-8-following-wallet-integration-on-telegram/" target="_blank" rel="noopener ">TON</a>. This move has resulted in a significant 25% price spike for TON, surpassing the $3,016 mark. 
Previously known as Gram, TON is the native cryptocurrency of <a href="https://www.newsbtc.com/news/surging-toncoin-price-and-telegram-bot-tokens-whats-the-connection/" target="_blank" rel="noopener ">The Open Network </a>(TON), a decentralized Layer 1 (L1) protocol. With the introduction of this new feature, Telegram aims to create a mutually beneficial ecosystem where channel owners can be financially rewarded for their efforts. 
<h2 id="telegram-introduces-ton-for-channel-monetization">Telegram Introduces TON For Channel Monetization</h2> 
<a href="https://t.me/durov/247" target="_blank" rel="noopener nofollow">According </a>to Pavel Durov, CEO of Telegram, channel owners on the platform will be able to receive financial compensation starting next month. This announcement has generated considerable excitement among content creators eagerly awaiting an opportunity to monetize their channels. 
With a significant one trillion monthly views generated by broadcast channels on Telegram, the potential for revenue generation is immense, Durov believes. However, only 10% of these views are monetized using Telegram Ads, a privacy-focused promotion tool. 
Telegram’s ad platform will be available to advertisers in nearly one hundred new countries in March. This expansion will allow channel owners in these countries to receive 50% of the <a href="https://www.newsbtc.com/altcoin/toncoin-ton-shoots-up-50-in-7-days-this-telegram-feature-cranks-up-demand/" target="_blank" rel="noopener ">revenue generated</a> from ads displayed on their channels, incentivizing content creators and driving the growth of Telegram’s ad ecosystem. Telegram CEO Durov further noted:&nbsp; 
<blockquote>
 To ensure ad payments and withdrawals are fast and secure, we will exclusively use the TON blockchain. Similar to our approach with Telegram usernames on Fragment, we will sell ads and share revenue with channel owners in Toncoin. This will create a virtuous circle, in which content creators will be able to either cash out their Toncoins — or reinvest them in promoting and upgrading their channels
</blockquote> 
As announced, all transactions, including payments and withdrawals, will be settled on the TON blockchain, built by the same company that created Telegram, which reported 800 million monthly users as of July 2023. 
<h2 id="ton-bullish-momentum-points-towards-potential-new-ath">TON Bullish Momentum Points Towards Potential New ATH</h2> 
When the announcement was made in the early hours of Wednesday morning, TON experienced a significant spike, sending its price as high as $3.172. This level had not been seen since November 2023, when the token hit its <a href="https://www.newsbtc.com/news/telegram-ton-crypto-investors-refund/" target="_blank" rel="noopener ">all-time high </a>(ATH) of $3.215. 
The current bullish sentiment surrounding TON, coupled with the potential for wider adoption and use, suggests the possibility of a new ATH shortly. This is further supported by the overall market entering an aggressive bullish phase. 
<img loading="lazy" decoding="async" class="size-large" src="https://www.tradingview.com/x/885OVa9y/" alt="Telegram" width="1815" height="858"> 
Despite the volatility exhibited by TON, as seen on the weekly TON/USD chart, there are no significant resistance levels ahead. Therefore, the outcome of a potential new ATH depends on the ability to sustain the current bullish trend. 
Featured image from Shutterstock, chart from TradingView.com

TON Skyrockets 25% As Telegram Unveils New Revenue Sharing Feature, Crossing $3 Mark

목차

NewsBTC

2024년 2월 28일에 게재된 다른 기사

Coinbase crashes during Bitcoin rally as users see zeroes

How American Crypto Users are Supercharging Bitbot’s Presale in 2024

OnFinality supports Commune AI

Cardano Price Prediction: Will ADA Reach $3 Soon?

Kraken launches institutional arm aiming to cash in on Bitcoin ETFs

Crypto Daily Roundup, 28 Feb: Bitcoin Inches Closer to $60K

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!