Telegram Introduces New System for Content Creators to Earn Toncoin (TON)

• Telegram has recently introduced a new system that allows content creators to earn Toncoin (TON).
• This move is part of Telegram and Open Network’s strategy to integrate with mini-apps, evolving the app into a crypto-friendly platform.
• Content creators can now receive stars that are convertible to TON or usable for advertising services.

Discover how Telegram’s latest system empowers content creators through Toncoin, offering new ways to monetize their work within the platform.

Telegram’s New System for Content Creators

Telegram, the well-known messaging application, has unveiled an innovative system that enables content creators to earn Toncoin (TON). This move is aimed at enhancing the integration between the platform and its creators. Users can now send stars to content creators, which can be converted to TON or utilized for availing advertising services. This development marks a significant step in Telegram’s ongoing expansion efforts.

The Evolution of Telegram into a Crypto-Friendly Platform

Telegram and Open Network are collaboratively working to transform the app, which boasts nearly a billion users worldwide, into a platform rich with mini-applications and crypto features. Although The Open Network (TON) was originally developed by Telegram, the company discontinued the project in 2020 following a lawsuit from the U.S. Securities and Exchange Commission. Despite this, developers have continued to build on the network, making it increasingly popular through mini-games and various applications.

Adoption of TON and Its Impact on the Ecosystem

Since its inception, Telegram has woven TON into its ecosystem, especially in advertising-related efforts. Interestingly, while Telegram has integrated TON, it does not manage the TON network. Among the features available, users can send Bitcoin and USDT via the app. Such functionalities, however, were not originally designed by Telegram but have been incorporated as part of its broader crypto initiatives.

Market Performance and Future Outlook

According to CoinGecko, TON currently stands as the ninth largest cryptocurrency with a market capitalization of $17.7 billion. At the time of the latest data, TON is trading at $6.67, having dropped 0.43 dollars in the past 24 hours. There is speculation that as mini Telegram games gain traction among broader audiences, the price of TON might see increased movement. However, this information does not serve as investment advice, and users are encouraged to conduct their own research before making any financial decisions.

Conclusion

Telegram’s latest system for rewarding content creators through Toncoin represents a strategic enhancement, reflecting the platform’s push towards becoming a crypto-friendly environment. By integrating TON, Telegram not only offers new monetization methods for creators but also enriches its platform with cryptocurrency functionalities. As TON continues to grow, it will be fascinating to watch how these developments shape the future of both Telegram and its vast user base.