Toncoin Price Rises 3% With Telegram’s New Currency Announcement, Here’s All
The emergence of Telegram’s latest initiative, Stars, caused fluctuations in the cryptocurrency market and particularly affected the course of Toncoin. Stars, scheduled to launch on June 12, represents a bold step by Telegram to revolutionize transactions in its ecosystem. Positioned as a digital currency specifically designed for seamless purchases via bots and gadgets, Stars has captured the imagination of the cryptocurrency community, sparking anticipation and speculation.
As news of Stars spreads, there is a significant increase in the price of Toncoin, reflecting the market’s reaction to this significant development. Investors and enthusiasts are closely monitoring Toncoin’s performance and realizing the possible ramifications of Telegram’s entry into the digital currency space.
Developers’ Response to Telegram’s Stars Announcement
Following Telegram’s announcement about Stars, developers across the ecosystem were quick to react to the implications of this new currency. Notifications circulated among developers, drawing attention to a special channel called “Telegram Marketing” where discussions about Stars and its impact emerged.
Particularly notable were notifications from the App Store warning Telegram of alleged violations of its policies, specifically referring to paragraphs 4.7 and 3.1.1 regarding payment mechanisms. In this regard, developers were informed about the option to purchase Stars through the App Store and Google Play, despite the caveat of an estimated 30% service commission.
In addition, users are offered the opportunity to shop for services directly through bots and applications, offering a cost-effective alternative to traditional payment channels. In particular, examples such as PremiumBot on Telegram have highlighted the evolving dynamics in the cryptocurrency landscape, revealing the potential for discounted subscriptions.
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Current Status of Tocoin and Binance Integration
As of the latest update, Toncoin (TON) has a price of $6.46 with a strong 24-hour total trading volume of $430.3 Million. This upward trend reflects the significant increase of 2.66% over the past day and is indicative of the market’s reaction to recent developments. What stands out among these developments was the integration of Toncoin (TON), which was detected by monitoring bots on May 23, into binance.
While this integration signals potential advances for Toncoin, it is imperative to approach such indicators with caution, recognizing that interface monitoring serves as a preliminary indicator rather than a definitive measure of integration. It is worth highlighting that Toncoin has previously confirmed a non-disclosure agreement with Binance, indicating deeper collaborative efforts in the cryptocurrency space.
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