Toncoin's Meteoric Rise Tied to Telegram's Economy
Toncoin outperforms the crypto market as Telegram fosters a token-based economy, driving both user interest and broader adoption.
April 16, 2024
Telegram Integrates Toncoin
With the introduction of an advertising revenue-sharing system, the messaging app Telegram has sparked a burgeoning Toncoin-based economy. Justin Hyun from TON Foundation linked this development to Toncoin's commendable market performance, with a 15% boost in value over the month, outshining Bitcoin and the broader crypto market, according to CoinDesk's figures.
Toncoin's Market Traction
The rise in open interest involving TON's perpetual futures, supported by CoinGlass data, aligns with the token's price surge, signaling new investments and verifying the positive market trend.
TON's Blockchain Initiatives
TON Foundation's partnership with HashKey Group is a stride toward simplifying digital asset transactions for its wallet users across Asia Pacific. Additionally, the Open League program offers significant incentives to help grow TON's ecosystem, with potential widespread Web3 technology adoption compared to the impact of the Apple Mac on personal computing.
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