Telegram’s powerful empowerment: Is the TON ecosystem finally going to rise?

Author: shushu; Source: Block Rhythm

Recently, the price of TON has increased dramatically, and the Telegram advertising platform Following the announcement that the TON blockchain will be used for payments and withdrawals, the price of TON has nearly doubled since the bottom. In addition to the price increase of TON tokens, many tokens in the TON ecosystem have also experienced considerable increases.

As of the time of writing, the TonUP token UP of the TON ecological Launchpad platform is currently quoted at US$0.9157, with a 24-hour increase of 35.78%. TonUP mainly discovers and cultivates promising projects in the TON ecosystem, provides community users with IDO investment opportunities in high-quality projects in the TON ecosystem, as well as support for TON ecological projects and corresponding ecosystem construction.

The price of STON, the native token of STON.fi, the largest DEX on TON, is $8.1, a 24-hour increase of 13%. According to DeFiLlama data, STON.fi’s current TVL is $25.95 million.

The price of FISH, the leading Meme token in the TON ecosystem, is $0.0(7)5325, a 24-hour increase of 166%.

TON application scenarios are updated, and market makers are ready

On February 28, the Telegram advertising platform will officially support all advertising in nearly a hundred new countries. The main opening, the official stated that in order to ensure the speed and security of advertising payment and withdrawal, the TON blockchain will be used exclusively, and the official will share the revenue with channel owners, which will create a virtuous cycle, and content creators will be able to cash out their Toncoin , or reinvest it into promoting and upgrading their channel. Channel owners in these countries will receive 50% of the revenue Telegram makes from showing ads on their channels.

Subsequently, in response to community concerns that its Toncoin holdings may be too concentrated, Telegram announced that it would take new measures to limit its holdings of TON supply to approximately 10%. The company plans to sell the over-held Toncoin to long-term investors at a price lower than the market price, and these shares will implement a lock-up and linear unlocking plan for 1 to 4 years to reduce the free circulation in the market and stabilize the ecosystem. system and reduce volatility.

Telegram has also set up a new email address, [email protected], for large investors interested in investing more than $1 million to express their purchase intentions. On March 6, Mirana Ventures, a global Web3 investment company, announced a long-term partnership with TON, which includes the purchase of Toncoin on the secondary market for $8 million.

Related reading: "Telegram advertising will be paid in TON, what impact will it have on TON?" 》

In addition to the increase in usage scenarios, Binance also launched a TON contract on March 1, which undoubtedly helped the price of TON rise. It is worth noting that on February 21, according to Pidun monitoring, the FTX address has transferred approximately 2.16 million Tonoin (TON) to Wintermute, which is currently worth approximately US$9.28 million.