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Cryptocurrency News Articles
Telegram Unveils Massive Revenue-Sharing Bonanza for Public Channel Owners
Apr 01, 2024 at 07:02 pm
Telegram Messenger, an instant messaging platform, has introduced a revenue-sharing program for channel owners with at least 1,000 subscribers. These owners will receive 50% of the ad revenue earned through their channels in Toncoin (TON), Telegram's native cryptocurrency. The program aims to encourage channel growth and attract new users to the platform.
Telegram's Bold Move: Unleashing a Revenue-Sharing Bonanza for Public Channel Owners
In a groundbreaking move that has sent shockwaves through the messaging sphere, Telegram Messenger has announced an audacious plan to share a whopping 50% of its advertising revenue with public channel owners who boast a substantial subscriber base. This lucrative offer, effective from March 31, 2023, empowers these content creators to reap the financial rewards of their dedicated followers.
To qualify for Telegram's generous revenue-sharing program, public channels must meet a specific eligibility criterion: they must have amassed an impressive following of at least 1,000 subscribers. This strategic move underscores Telegram's commitment to supporting its content creators and unlocking new avenues for financial growth within its platform.
The genesis of this revolutionary initiative can be traced to February 2024, when Pavel Durov, Telegram's visionary founder and CEO, unveiled the Telegram Ad Platform. This platform was conceived as a transformative vehicle for channel owners to tap into revenue streams and monetize their content. Since its inception, the price of Telegram's native cryptocurrency, Toncoin (TON), has experienced a meteoric rise of 111%, surging from $2.51 on February 29 to a commanding $5.30 on April 1, according to data from Cointelegraph Markets Pro and TradingView.
The recent surge in TON's value is widely attributed to the official announcement of Telegram's revenue-sharing program. This development has injected a surge of confidence into the cryptocurrency market, signaling the immense potential of Telegram's platform as a lucrative revenue-generating channel for public channel owners.
Telegram's vast and loyal user base, boasting over one trillion channel views each month, presents a golden opportunity for channel owners to leverage their audience reach and amplify their revenue streams. The company has meticulously designed the revenue-sharing program to ensure that channel owners have complete control over their earnings, with zero withdrawal fees.
Telegram's unwavering commitment to empowering its content creators is further exemplified by the addition of Toncoin as a payment method for purchasing ads on its platform. This strategic move strengthens the connection between Telegram's ecosystem and the broader blockchain landscape. However, it is important to note that Telegram ads are exclusively showcased on Telegram channels, with the type of content determining the specific channel on which an ad is displayed.
Prior to the launch of the official revenue stream, Telegram channel owners primarily relied on alternative monetization strategies such as paid posts, private channel subscription fees, and product sales. However, the introduction of Telegram's revenue-sharing program represents a paradigm shift, offering a more sustainable and scalable path to financial success for content creators.
Justin Hyun, the esteemed Director of Investments at Ton Foundation, shared his insightful perspective on Telegram's revenue-sharing program in an exclusive Cointelegraph interview. Hyun envisions Telegram's blockchain-based mini-decentralized applications (DApps), known as Mini Apps, as a potential "Trojan horse" for mass blockchain adoption.
Hyun elaborates, "Our strategy is to onboard more users onto the blockchain without burdening them with the complexities of blockchain technology. Mini Apps provide a user-friendly gateway into the blockchain ecosystem, allowing users to access a suite of DApps within Telegram's familiar interface."
Hyun's ambitious vision aims to bring 500 million individuals onto the blockchain by 2028 through low-barrier use cases that seamlessly integrate with users' existing habits. This approach has the potential to expand blockchain's reach and accelerate its global adoption.
Telegram's revolutionary revenue-sharing program and Hyun's insights into the transformative potential of Mini Apps underscore the company's unwavering commitment to innovation and its unwavering support for its content creators. As Telegram continues to evolve and expand its platform, it is poised to remain at the forefront of the messaging revolution, empowering its users to connect, share, and monetize their content like never before.
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