In a significant move, Binance Futures has recently introduced the TON (Telegram Open Network) Perpetual Contract, offering an impressive 50x leverage. This introduction has led to a substantial 10% surge in the value of the TON token.
The recent launch of the TON Perpetual Contract on Binance Futures has elevated the TON token’s visibility and created exciting trading opportunities. Traders can now take advantage of up to 50x leverage, allowing them to capitalize on the dynamic price movements within the futures market.
March Launch
In another groundbreaking announcement, messaging giant Telegram revealed an innovative ad revenue-sharing model scheduled to kick off in March. Using the TON blockchain, this model will distribute a generous 50% of ad revenue directly to channel owners, revolutionizing content creator compensation on the Telegram platform.
Pavel Durov’s Global Vision
Starting March, channel owners in almost 100 countries will receive a direct 50% share of the revenue generated from ads on their channels. Telegram founder Pavel Durov’s vision is to empower content creators globally, fostering a transparent and efficient settlement mechanism on the TON blockchain.
Telegram Caps TON Share at 10%
To alleviate concerns about potential centralization, Pavel Durov announced that Telegram has capped its TON share at 10%. Any surplus will be sold to long-term investors, ensuring a balanced TON ecosystem.
Market Dynamics and Future Outlook
The market has responded positively to Telegram’s ad revenue-sharing plan, evident in the TON token’s price surge. Technical analysis indicates a strong bullish momentum, surpassing previous resistance levels. As the TON token nears the $3 mark, a crucial resistance level, recent gains may consolidate, setting the stage for potential future growth. Robust support is identified at $2.5, providing a buffer against potential retractions.
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These developments have not only increased its market value but also opened up new possibilities for traders and content creators.
