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Cryptocurrency News Articles
Telegram Embraces TON for Ad Payments, Offering Gener
Apr 02, 2024 at 12:01 am
Telegram has implemented the option to use Toncoin for advertising purchases, offering a 50% revenue-sharing model for public channel owners. Additionally, Toncoin payments feature fee-free withdrawals and low transaction costs due to the efficiency of the TON Blockchain. This news has positively influenced market sentiment, causing an uptick in Toncoin's value and indicating a potential continuation of the uptrend that began on March 29.
Telegram Embraces TON for Ad Payments, Offering Revenue Share and Fee-Free Withdrawals
In a groundbreaking move, the popular messaging platform Telegram has announced the integration of Toncoin (TON) as a payment method for advertising purchases. This strategic partnership not only enhances the visibility of channels through Toncoin transactions but also introduces a generous revenue-sharing model.
Channel owners who participate in the ad program will receive a substantial 50% of all advertising revenue generated through their channels. This incentive aims to foster content creation and engagement within the Telegram ecosystem. Additionally, Telegram's own Fragment exchange facilitates fee-free withdrawals of channel earnings, further optimizing the efficiency of the TON Blockchain.
Toncoin's integration into Telegram's advertising platform is a testament to the blockchain's low transaction costs and lightning-fast processing speeds, which can handle up to 100,000 transactions per second. Telegram CEO Pavel Durov has emphasized the significant number of channel views on the platform, expressing optimism that this new payment method will encourage more creators to harness the ad system's potential.
The introduction of Toncoin for ad payments has already garnered positive market sentiment, leading to a 2.32% increase in its value. This surge underscores the bullish outlook for TON as Telegram delves deeper into the cryptocurrency space for content monetization and user engagement.
TON Price Analysis and Expected Market Movements
On March 25, TON reached an all-time high of $5.70 before experiencing a retracement to $4.70 on March 29. This dip marked the end of wave four in a five-wave impulse that began on March 17. The subsequent uptrend from March 29 culminated in wave five, and the most recent bounce from ascending support on April 1 signals the potential for another upward surge.
Analysts predict that TON could target a high near $6, followed by a potential downturn. However, a breakout above $6 would indicate a prolonged bullish trend. It is crucial to note that all price movements should be interpreted within the context of the cryptocurrency market's inherent volatility and unpredictable nature.
Disclaimer
This article's contents should not be construed as financial or investment advice. All information provided represents the author's personal opinions and should not be relied upon for trading or investment decisions. The author disclaims any guarantees regarding the accuracy or completeness of the information presented. Cryptocurrency markets are highly volatile and prone to sudden fluctuations. Investors, traders, and other users should conduct thorough research and consult with multiple sources before engaging in any financial activities involving cryptocurrencies.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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