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Cryptocurrency News Articles

TON Price Surges to $5.36 as TADA Mini App Fuels TON Adoption

Sep 13, 2024 at 10:40 am

Toncoin (TON) price has surged to $5.36, reflecting an increase of 3.04% showing a positive momentum. This came after the launch of TADA, a Telegram Mini App with the TON Foundation.

TON Price Surges to $5.36 as TADA Mini App Fuels TON Adoption

Toncoin (TON) price showed a positive momentum on Friday with a 3.04% gain. The cryptocurrency’s price surged to $5.36 following the launch of TADA, a Telegram Mini App, in collaboration with the TON Foundation.

This app enables users to book rides and pay using Toncoin or USDt-TON directly within the Telegram application. The integration marks a significant step in implementing Web3 into everyday applications, such as ride-hailing services, to enhance user experience and streamline transactions.

As a result of this development, TON experienced increased usage, highlighting its growing importance in facilitating real-life transactions and expanding its footprint in the Web3 domain.

TADA Mini App Fuels TON Price Adoption

The TADA Mini app, launched by Notcoin, a Telegram-based Web3 game, seamlessly integrates payment into the Telegram experience, allowing users to pay for ride-hailing services with ease.

The app boasts over 4,000 active users in Singapore and is set to launch a promotion at token2049, offering the first 4,000 users free rides and subsequent rides at a 50% discount. This campaign aims to boost user adoption and drive up the usage of TON as a payment solution.

Moreover, the upcoming promotional campaign of TADA at @token2049 is expected to boost the user adoption level. Between 14 and 18 September, the first 4,000 users of the TADA app in Singapore will be able to ride for free. Subsequent rides will be 50% off. This promotion is to help increase the number of active users of the app. Thereby increasing the use of TON as a payment solution.

Triangle Accelerator Launched to Boost TON Ecosystem Development

The TON blockchain was initially created by Telegram, but the project encountered legal troubles with the SEC, leading to their separation. Despite this setback, TON has independently achieved remarkable success in the Web3 arena.

The TON blockchain has seen increasing adoption, particularly within the Telegram gaming and application ecosystem, which has contributed significantly to the token's market capitalization, ranking among the top ten cryptocurrencies.

Continuously attracting key industry participants' attention, TON is poised for further growth with new partnerships and innovative applications on the horizon. These developments are setting the stage for TON to play a pivotal role in shaping the future digital economy.

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Other articles published on Nov 14, 2024