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Telegram Introduces Toncoin Payments for In-Platform Ad Purchases

April 2, 2024
in Blockchain
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Telegram has rolled out a brand new characteristic permitting customers to buy channel ads utilizing Toncoin, as introduced over the weekend. This replace is a part of the messaging app’s newest initiative for person monetization, whereby 50% of the income generated from adverts displayed in public Telegram channels can be distributed to their respective house owners.

In accordance with Telegram, customers can now promote their channels by spending as little as “a handful” of Toncoins. Customers could have the flexibleness to pick the particular channels for putting their TON-powered adverts, as talked about within the announcement.

Furthermore, channel house owners could have the potential to withdraw their earnings with out incurring charges. The withdrawal service is predicted to be out there within the coming weeks on Telegram’s Fragment trade, in keeping with the announcement.

Telegram justified its selection of the TON Blockchain on account of its low charges, excessive transaction speeds, and spectacular processing capability. The TON Blockchain reportedly achieved a exceptional 100,000 transactions per second throughout a check performed final November.

Pavel Durov, CEO of Telegram, hinted at this replace on his channel final month. Regardless of Telegram channels amassing over 1 trillion month-to-month views, Durov revealed that solely 10% of channels have utilized Telegram adverts for monetization up to now.

Durov emphasised the potential for a optimistic suggestions loop, whereby content material creators can both money out their Toncoins or reinvest them in selling and enhancing their channels.

As of the time of publication, the worth of Toncoin has risen by 2.32% up to now 24 hours, reaching $5.24.

Featured Picture: Freepik

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Tags: InPlatformIntroducesPaymentsPurchasesTelegramToncoin
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