Toncoin (TON) has seen its price rise to $5.36, marking an increase of 3.04%. This growth follows the launch of TADA, a Telegram Mini App developed in collaboration with the TON Foundation. The app allows users to book rides and make payments using either Toncoin or USDt-TON directly within Telegram, signalling a significant move towards integrating Web3 technology into everyday services.
Enhanced Real-World Use of Toncoin
The integration of Toncoin in real-life transactions through TADA has boosted its market relevance. The ease of using TON for ride-hailing payments has driven wider adoption of the cryptocurrency, which in turn has led to a 2.27% increase in TON’s market capitalisation. This rise reflects growing investor confidence in Toncoin's practical functionality and its expanding application within the digital economy.
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TADA App Spurs Adoption Growth
The launch of the TADA Mini App has simplified payments by incorporating Toncoin directly into Telegram, a widely used messaging platform. Users can now pay for rides seamlessly with TON or USDt-TON, encouraging further adoption. The TON price, which recently hit a high of $5.45 before stabilising at $5.36, indicates positive market sentiment towards this development.
In a bid to further increase user adoption, a promotional campaign is set to run at the upcoming Token2049 event between 14 and 18 September. The first 4,000 users of the TADA app in Singapore will receive free rides, while subsequent rides will be offered at a 50% discount. This initiative aims to grow the active user base and foster greater TON adoption as a payment method.
Triangle Accelerator Pushes Ecosystem Development
Another recent development is the launch of the Triangle Accelerator by Notcoin, a Telegram-based Web3 gaming initiative supported by industry stakeholders like 1inch and Sign. This programme is designed to boost the development of the TON ecosystem by encouraging the creation of mini-apps that blend Web2 and Web3 features.
The accelerator will promote the usability of TON-based apps, with a focus on introducing millions of Telegram users to Web3 technologies through engaging and accessible platforms. Mentors such as Xin Yan, CEO of Sign, and Anton Bukov, co-founder of 1inch, are key figures in guiding this initiative, which aims to stimulate rapid growth within the TON ecosystem.
Related reading:Binance to Add Toncoin (TON) for Spot Trading
TON Blockchain’s Independent Growth
Originally developed by Telegram, TON has flourished independently since a legal dispute with the SEC resulted in the two entities parting ways. Despite this separation, TON has become one of the leading blockchain projects of the year, largely due to its adoption within the Telegram app ecosystem.
TON is now ranked among the top ten cryptocurrencies by market capitalisation. This growth is driven by continued partnerships and the release of user-friendly applications that promote wider adoption. The expanding ecosystem around TON suggests a promising future as it solidifies its position in the evolving digital economy.