Telegram Unveils New Feature: Earn Toncoin (TON) with Reactions in Stars
A game-changing move by Telegram is expected to have a significant impact on the crypto community, particularly for its almost 1 billion users worldwide. The messaging platform has introduced a new feature that allows creators to earn Toncoin (TON) by receiving reactions in Stars, an off-chain currency tied to TON.
With this feature, users can use retaliatory mode (a paid reaction function) when posting content on their platform. For every successful response, creators can earn Stars, which can be converted into TON or used to advertise on site. This new revenue stream enables creators to monetize their content in a more seamless and decentralized manner.
A key benefit of this feature is that channel operators receive 100% of all Stars earned from reactions, giving them complete control over their earnings without any involvement from intermediaries or platforms. This decentralized model is likely to appeal to those who prioritize autonomy and transparency.
TON, the world’s most valuable digital asset, has experienced a 9% rise in price over the past 24 hours, reaching $7.04. With $17.7 billion in market capitalization, it is now one of the top five cryptocurrencies in terms of cryptocurrency ownership. Telegram’s recent announcement is likely to contribute to the price spike.
Read more about the growing importance of decentralized platforms and cryptocurrencies in the digital economy in our article: Decentralized Economy: The Future of Digital Transactions
Telegram’s massive user base provides a significant advantage in terms of scaling and reach for creators. The more people the feature attracts, the more impact it will have on the platform’s reach and influence. However, the success of Telegram’s new feature hinges on how easy it is to convert Stars to TON through user interfaces.
A seamless and uncomplicated process is likely to encourage more use and adoption of the service. The platform must also provide a competitive and attractive conversion rate of Stars to TON for creators, in order to encourage them to use the feature.
Telegram’s move highlights the growing importance of decentralized platforms and cryptocurrencies in the digital economy. As more users become disenchanted with traditional social media platforms, decentralised alternatives are becoming more popular. It is anticipated that Telegram’s move will encourage other platforms to experiment with similar features and integrations, leading to innovation and adoption of Telegrammer as a new feature in the crypto space.
