Telegram, boasting a user base of over 700 million, introduces the ‘Giveaways’ feature, revolutionizing transparent and authentic prize distribution. Channel owners can now seamlessly conduct giveaways, fostering channel promotion and rewarding subscribers fairly. Telegram Premium subscriptions are among the coveted prizes, making this feature a significant draw.
The unveiling of ‘Giveaways’ has triggered an unexpected surge in Toncoin (TON) value. Soaring to its highest level in nearly a year, TON now boasts a valuation exceeding $9 billion, securing a spot in the top ten cryptocurrencies. Telegram CEO Pavel Durov’s active involvement, gifting $200,000 worth of TON to 10,000 users, further fueled the surge, propelling TON’s price by 19.5% to a recent high of $2.71. Durov’s strategic move underlines his commitment to TON’s integration into the Telegram ecosystem.
Telegram’s massive user base and robust sponsorship provide a solid foundation for Toncoin’s growth. Beyond giveaways, new partnerships and regulatory approvals, including the Dubai Financial Services Authority’s authorization of TON and XRP, contribute to the positive sentiment around TON. This regulatory green light signifies a crucial step forward in TON’s development.
A noteworthy milestone for TON on October 31: its blockchain achieved a staggering 104,715 transactions per second, making it the world’s fastest and most scalable blockchain. TON’s unique architecture positions it for superior scalability, emphasizing its technical prowess among existing blockchains.
In summary, the Telegram ‘Giveaways’ feature acts as a catalyst for Toncoin’s rapid ascent. Coupled with regulatory nods and unparalleled speed, TON emerges as a frontrunner for sustained growth and innovation in the ever-evolving cryptocurrency landscape.