Telegram Employs TON Blockchain for Channel Ad Payments
In a groundbreaking move, Telegram has unveiled a new feature allowing channel owners to monetize their platforms through advertising. For the first time, ads can be purchased using Toncoin, the native cryptocurrency of the TON blockchain. This development not only paves the way for revenue generation for channel administrators but also marks a significant step towards integrating cryptocurrency with social media advertising.
With a minimum requirement of 1000 subscribers, channel owners are now poised to earn from ad spaces on their platforms. The decision to leverage the TON blockchain stems from its advantages, including low transaction fees and high-speed transactions. Telegram's CEO, Pavel Durov, emphasized the importance of efficient and secure ad payments, asserting that ad sales and revenue sharing will be exclusively conducted in Toncoin.
Following this announcement, Toncoin experienced a remarkable 5% increase in its value within 24 hours, reaching a trading price of $5.30. This surge is part of a larger 100% gain over the last month, underscoring the market's positive reception to Telegram's new advertising model.
Furthermore, the TON token witnessed a significant rise in trading volume, hinting at a growing interest that could potentially push its value to new heights. However, to achieve such milestones, the cryptocurrency must first surpass a resistance level of $5.45. Current 4-hour chart analysis reveals a consistent upward trajectory for TON, adding to the anticipation of further gains.
This integration of cryptocurrency with social media advertising by Telegram not only offers channel owners a novel revenue stream but also positions Toncoin as a pivotal player in the digital currency market. As the landscape of online advertising grows increasingly complex, Telegram's initiative could herald a new era of cryptocurrency utilization in advertising.
Analyst comment
Positive news.
As an analyst, the integration of cryptocurrency with social media advertising by Telegram indicates a growing market interest and potential for further gains. Toncoin’s value has experienced a remarkable 5% increase within 24 hours, reaching $5.30, and a 100% increase over the last month. The cryptocurrency’s trading volume has also risen, suggesting a growing interest. To reach new heights, Toncoin must surpass a resistance level of $5.45. This integration positions Toncoin as a pivotal player in the digital currency market and may usher in a new era of cryptocurrency utilization in advertising.
