Telegram Launches Toncoin Ad Payment Service
💬Telegram, a messaging application, has recently announced a new feature that allows users to buy the platform’s advertisement services with cryptocurrency. The platform has chosen the Toncoin (TON) token for this and has mentioned that they preferred this over others because of its low cost.
Telegram chose the TON Blockchain because it has low fees, and high transaction speeds – and holds a record for the number of transactions it can process per second. Anyone can now promote their bot or channel – with budgets as low as a handful of Toncoins. When creating a Telegram ad, you choose the exact channels where you’d like it to appear, so you have full control over their context.
Toncoin Price Surged With Telegram Announcement
Toncoin was originally a Telegram project in the early days. At that time, it was known by the name Telegram Open Network. Later, the platform backed off from the token because of the SEC dispute and a non-commercial group took over the project. That is how it got the name ‘The Open Network,’ with the native cryptocurrency Toncoin (TON). Toncoin has always been affected by Telegram, where any new update with the messaging app leads to price fluctuations.
The token is ranked 11th for its market cap with a value of $17,637,4799,717 after a decline from yesterday. However, the trading volume is high by 12%, pushing the value to $240,554,849. With this value, Toncoin is just 13% away from its all-time high goal and might cross that soon. It is possible, if the trend continues for the next few days.
Toncoin has always been a preferred choice for Telegram. The Telegram founder, Pavel Durov, had earlier presented his views on the importance of fast and secure transactions for ad payment and withdrawal and why they prefer Toncoin.
