Telegram Integrates Toncoin for In-App Ads, Rewarding Channel Owners

Telegram, a messaging app, has introduced the option for users to purchase advertisements using Toncoin (TON). With a revenue-sharing mechanism, channel owners can earn 50% of the revenue generated from ads displayed on their channels. This move follows Telegram's previous announcement of its platform-wide revenue sharing plan, which involves distributing revenue to channel owners in the TON cryptocurrency. Channel owners will be able to withdraw their earnings through Telegram's Fragment exchange, and Telegram chose TON for its low costs and fast transaction speeds.

Telegram Embraces Toncoin for In-Platform Advertising, Rewarding Channel Owners

In a groundbreaking move, the popular messaging app Telegram has announced that users will now be able to purchase in-system advertisements using Toncoin (TON), the native currency of the Telegram Open Network (TON) blockchain. This announcement marks a significant development in the platform's monetization strategy, introducing a revenue-sharing model that empowers channel owners.

Targeted Advertising with Toncoin

Telegram's advertising platform will grant advertisers the ability to meticulously select the channels where their advertisements will appear. However, channel owners with over 1,000 subscribers stand to benefit handsomely, as they will receive a substantial 50% share of the revenue generated from advertisements displayed on their channels.

Revenue Sharing for Channel Owners

Telegram's embrace of Toncoin for in-platform advertising payments complements the announcement made earlier this year regarding the platform's revenue-sharing mechanism. Under this model, revenue is distributed to channel owners in the form of cryptocurrency, further incentivizing content creation and user engagement.

Withdrawal and Reinvestment Options

According to the announcement, channel owners will be able to withdraw their earnings "within the coming weeks" via Telegram's Fragment exchange. The company emphasizes that channel owners have the flexibility to withdraw their rewards without incurring fees or reinvest them into Telegram advertisements, collectible usernames, or premium giveaways.

Understanding Toncoin

Toncoin, initially known as Telegram Open Network, is a cryptocurrency that emerged from the development efforts of Telegram engineers on the TON blockchain platform and the Gram cryptocurrency built on top of it. However, Telegram abandoned its plans for the network after a protracted dispute with the U.S. Securities and Exchange Commission (SEC) regarding the alleged illegal security offering associated with the $1.7 billion ICO for Gram tokens.

Following Telegram's withdrawal from the project and the refunding of token sale participants, a decentralized group of community developers continued the open-source initiative, rebranding it as The Open Network and launching Toncoin as its native currency. The TON blockchain has since found application in projects like the play-to-earn game Notcoin and numerous meme coins.

Telegram cited the "low costs" and "significant transaction speeds" of Toncoin as key factors in its decision to utilize the cryptocurrency for in-system advertising payments.

Telegram's decision to embrace Toncoin for advertising payments and its commitment to revenue sharing with channel owners signal a bold step towards empowering creators, fostering innovation, and diversifying the platform's revenue streams. The integration of Toncoin into Telegram's advertising ecosystem is expected to attract advertisers seeking targeted exposure, while rewarding channel owners for their contributions to the Telegram community.