Telegram’s TON Token Surges 10% Following Binance Futures Listing

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Binance Futures has recently unveiled the listing of the TON (Telegram Open Network) Perpetual Contract, featuring up to 50x leverage, marking a significant milestone for the TON token. This development has brought TON into the spotlight, which made its price surge by 10%. 

The announcement of the TON Perpetual Contract on Binance Futures has pushed TON into a new realm of exposure and trading possibilities. With the availability of up to 50x leverage, traders now have enhanced opportunities to engage with TON and capitalize on its price movements within the futures market.

Telegram, a messaging giant, recently announced a groundbreaking ad revenue-sharing model set to commence in March. Utilizing the TON blockchain, the model will distribute 50% of ad revenue directly to channel owners. This marks a revolutionary shift in compensating content creators on the Telegram platform and is anticipated to have a profound impact on the value of the TON token.

Telegram founder, Pavel Durov’s vision for Telegram’s ad revenue-sharing framework involves empowering content creators globally. 

Starting in March, channel owners in nearly 100 countries will receive 50% of the revenue generated from ads displayed on their channels. This move is aimed at revolutionizing the way content creators are rewarded, fostering a transparent and efficient mechanism for settlements on the TON blockchain.

Community concerns regarding the potential centralization of TON coins due to exclusive use in ad revenue sharing have prompted a response from Pavel Durov. Telegram has capped its TON share at 10%, with the surplus sold to long-term investors. 

The market response to Telegram’s ad revenue-sharing plan has been evident in the price surge of the TON token. Technical analysis reveals a strong bullish momentum, breaching previous resistance levels. 

As TON approaches the $3 mark, a key resistance level, its recent gains could consolidate, setting the stage for further growth. Strong support is identified at $2.5, safeguarding against potential retractions.