Telegram, boasting a user base of over 700 million, has unveiled its latest feature, ‘Giveaways,’ a move poised to revolutionize transparent and authentic giveaway experiences within its channels. Aimed at channel promotion and subscriber engagement, the feature has not only attracted massive attention but has unexpectedly propelled Toncoin (TON) to new heights in the crypto market.
Toncoin’s value skyrocketed to an impressive valuation of over $9 billion, securing its position among the top ten cryptocurrencies, thanks to the fervor surrounding Telegram’s giveaways. Telegram’s CEO, Pavel Durov, added fuel to the fire by personally gifting TON worth $200,000 to 10,000 Telegram users, resulting in a remarkable 19.5% surge, reaching a recent high of $2.71.
Durov’s strategic move not only demonstrates his commitment to promoting TON within the Telegram ecosystem but also underscores the potential of Toncoin’s growth. The giveaways feature, coupled with Durov’s proactive involvement, has become a catalyst for Toncoin’s rapid ascent.
Telegram’s unwavering support, a user base of 700 million, and new regulatory approvals, such as the endorsement by the Dubai Financial Services Authority for TON and XRP, provide a robust foundation for Toncoin’s continued growth. This regulatory milestone signifies a crucial step forward, fostering positive sentiment around TON.
On October 31, TON achieved a groundbreaking milestone by operating its blockchain at a staggering 104,715 transactions per second, solidifying its status as the world’s fastest and most scalable blockchain. TON’s architecture allows it to handle an increasing number of transactions per second by adding more nodes, highlighting its technical superiority in the blockchain realm.
The convergence of Telegram’s innovative ‘Gifts’ feature, regulatory backing, and TON’s technological milestones positions Toncoin for further growth and innovation. As it continues to assert its dominance in the crypto space, the trajectory of Toncoin reflects not just its present success but the promise of a dynamic and evolving future.
