The Open Network (TON) blockchain has received funding from Pantera Capital, a well-known venture capital firm in the cryptocurrencycurrency space.
Pantera Capital believes that by leveraging Telegram’s massive user base and the platform’s recent adoption of TON for in-platform ads and Tether (USDT) payments, TON has a great deal of potential to raise awareness about cryptocurrencycurrencies.
Telegram’s usage of Toncoin (TON) tokens for rewards distribution and ad income sharing is one of the most recent innovations. Since the announcement, TON has climbed by a substantial 9.6%.
After a sharp increase in popularity, TON is now the tenth-largest cryptocurrencycurrency with a market valuation of $17.6 billion. At present, the price of Toncoin (TON) stands at $5.16, with a 24-hour trading volume of $275.1 million. This suggests that prices have increased by 8.18% from the day before.
TON, which has over 900 million monthly active users, was first built by Telegram and has gained a lot of popularity within the Telegram network.
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