The price of Toncoin (TON), the native token of The Open Network blockchain, rose more than 32% in a single hour today. Behind this sudden rise in the altcoin price was an exciting announcement from Pavel Durov, the billionaire genius and founder of the famous messaging platform Telegram.
Durov took to his Telegram channel to announce a pretty significant change for channel owners on the platform. Starting next month, content creators will have the opportunity to earn income for the content they share on the platform. This can be described as a very important step in terms of the platform offering a revenue model for content producers. Durov also announced that with this new feature, payments made through the Telegram Advertising Platform will be made only through the TON network.
These statements by Durov point to a significant change in Telegram’s business model. The platform was known for privacy and ad-freeness among users. But now, with some of the advertising revenues being directed to content creators, Telegram will be taking a step towards a new revenue model.
This approach can be seen as an important development in terms of encouraging and supporting those who produce content on the platform. Channel owners are expected to obtain more resources for their content, thus producing higher quality content. At the same time, it can be predicted that Toncoin will function more and gain value within the ecosystem as a result of this step.
The TON price experienced a significant increase from $2.15 to $2.84 with the announcement.
In conclusion, Pavel Durov’s announcement of the new feature on the Telegram platform can be seen as an important step in the future use and adoption of cryptocurrencies. This announcement could have short-term and long-term impacts on the value of TON and open new possibilities to the altcoin ecosystem.
You can follow the current price movement here.
