Binance Expands Offerings with Toncoin as Telegram Gains Momentum

Thursday, 8 August 2024, 10:26

Telegram's recent ad revenue sharing announcement has heightened interest in Toncoin, drawing Binance to list the cryptocurrency. The platform will enable creators to earn profits shared 50/50 with Telegram, providing a new revenue stream. Tether's launch of the USDT stablecoin on the TON network further underscores the growing significance of TON in the crypto space. With Telegram apps surging in popularity, the demand for Toncoin is expected to grow, marking an important trend in the digital currency landscape.
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Binance Expands Offerings with Toncoin as Telegram Gains Momentum

Introduction

In February, Telegram unveiled a groundbreaking ad revenue sharing program, setting the stage for significant changes in its monetization strategy.

The Impact of the Announcement

  • Channel owners can now share profits equally with Telegram.
  • Payments will be made in TON, enhancing its appeal.

Support from Major Players

  1. Tether launched its USDT stablecoin on the TON network.
  2. This move indicates growing adoption and trust in Toncoin.

Conclusion

The rising popularity of Telegram apps, alongside Binance's decision to list Toncoin, reflects larger trends in the cryptocurrency market. As users and creators look to maximize their earnings through new frameworks, Toncoin could see an increasingly vital role in this space.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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