TON Blockchain Launches $115M Community Incentive Program
The Open Network Foundation is planning to allocate 30 million Toncoin (TON) tokens, valued at $115 million, for community rewards on Telegram’s new advertising platform. The rewards will be divided among four areas, including token mining and user incentives, airdrops, the developer ecosystem, and liquidity pool boosts. The distribution of the Toncoin will begin on April 1st in month-long seasons. The foundation has already distributed 650,000 TON to users during an initial pilot season. The Telegram Ad Platform, which operates on the TON blockchain, was launched in March 2024, enabling channel owners to earn financial rewards through advertising. Telegram currently has over 900 million users worldwide and is the fourth largest messaging app globally.
Telegram initially developed the Toncoin, but due to a legal dispute with the United States Securities and Exchange Commission, the development was discontinued. Despite this setback, Telegram is moving towards profitability and considering an initial public offering. The co-founder of Telegram, Pavel Durov, is also exploring the possibility of giving loyal users priority access to the firm’s IPO subscription, following the lead of Reddit. TON has experienced a significant increase in value over the past year, gaining nearly 75% and currently trading at $4.12. The allocation of Toncoin for community rewards demonstrates the commitment of the Open Network Foundation to engage and incentivize users on Telegram’s advertising platform.
4 thoughts on “TON Blockchain Launches $115M Community Incentive Program”
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I highly doubt that distributing Toncoin will actually engage users on Telegram’s advertising platform. It’s just a gimmick!
I highly doubt the effectiveness of advertising on Telegram. How many users actually pay attention to the ads?
I can’t believe the foundation is allocating such a huge amount for community rewards. Seems like a waste of resources!
Overall, this article is filled with positivity and promising developments! The Open Network Foundation’s dedication, Telegram’s progress towards profitability, and the potential IPO subscription for loyal users all make me excited about the future. Let’s keep the momentum going!