Telegram, boasting over 700 million users, has unveiled a game-changing feature named “Giveaways,” transforming online contests with transparency. Channel owners can now seamlessly conduct transparent and authentic giveaways, attracting and rewarding subscribers. This innovation has sparked a Toncoin (TON) surge, reaching a valuation exceeding $9 billion and catapulting it into the top ten cryptocurrencies.
The giveaways’ introduction spurred a remarkable 19.5% surge in Toncoin’s price, hitting $2.71, a significant peak in nearly a year. Telegram’s CEO, Pavel Durov, added fuel to the fire by generously giving away $200,000 worth of TON to 10,000 users, signaling his commitment to TON’s expansion in the Telegram ecosystem.
With 700 million users, Telegram provides a robust foundation for Toncoin’s growth. Durov’s active role and regulatory approvals, notably from the Dubai Financial Services Authority, contribute to Toncoin’s positive trajectory. This regulatory green light marks a pivotal step forward for TON’s development and usage.
Toncoin achieved a groundbreaking milestone on October 31, operating at a staggering 104,715 transactions per second, solidifying its position as the world’s fastest and most scalable blockchain. TON’s innovative architecture positions it as a technical frontrunner among existing blockchains, with the capability to handle billions of users.
In summary, Telegram’s ‘Gifts’ feature has not only redefined giveaways but acted as a catalyst for Toncoin’s rapid ascent. Coupled with regulatory approval and unparalleled speed, TON stands poised for continued growth and innovation in the evolving landscape of blockchain technology.