Telegram, boasting over 700 million users, has unleashed a game-changing feature, “Giveaways,” aiming to revolutionize transparent and authentic channel promotions. This strategic move not only enhances user engagement but unexpectedly triggers a surge in Toncoin (TON) valuation, catapulting it to a monumental $9 billion and securing a spot among the top ten cryptocurrencies.
As Telegram’s CEO Pavel Durov actively participates in the giveaways by gifting $200,000 worth of TON to 10,000 users, the TON price skyrockets by 19.5%, peaking at an impressive $2.71. Durov’s involvement underscores his commitment to propelling TON’s adoption within the Telegram ecosystem.
Toncoin’s meteoric rise extends beyond giveaways, finding support in Telegram’s vast user base and strategic partnerships. Regulatory approval further elevates Toncoin’s standing, with the Dubai Financial Services Authority endorsing TON and XRP within its jurisdiction, signaling a positive trajectory for TON’s development.
On October 31, TON achieves a groundbreaking milestone, with its blockchain operating at a record-breaking 104,715 transactions per second. This accomplishment positions TON as the fastest and most scalable blockchain globally, showcasing its technical superiority and scalability potential.
The Telegram Giveaways feature emerges as a pivotal catalyst for Toncoin’s rapid ascent. With regulatory backing, technical prowess, and sustained user growth, TON stands poised for continued innovation and growth in the evolving landscape of blockchain technology.
