Binance Ignites TON Token with 50x Leverage & Telegram Revenue Sharing

binance and telegram

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.

Binance Futures will launch the USDⓈ-M TON Perpetual Contract at 2024-03-01 12:30 (UTC), with up to 50x leverage, but no spot is currently listed. TON is an L1 blockchain powered by Telegram.

— Wu Blockchain (@WuBlockchain) March 1, 2024

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.

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.

Read More: Will The Top AI Altcoins Fetch 50% Jump This March?  

These developments have not only increased its market value but also opened up new possibilities for traders and content creators.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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