One of the largest cryptocurrency exchanges in the world, Binance, has listed Telegram (TON).
In particular, Binance Futures has announced the launch of perpetual contracts for TON with 50x leverage. Subsequently, the token’s value has increased by 10% after the announcement.
TON is a layer-1 blockchain developed by the messaging app Telegram. The privacy-focused app has recently introduced several new programs to enhance the overall value of the company’s ecosystem. Specifically, the app has recently rolled out a 50% revenue-sharing advertising plan that is being revamped, expected to start today.
Telegram’s TON sees Binance’s list of perpetual contracts
One of the most popular messaging apps has seen its popularity soar in recent days. Telegram has announced that it will share 50% of its massive advertising revenue with channel owners. However, the announcement that the payment will be made in Toncoin (TON) has boosted its overall value.
This increase has only been further intensified with more positive news today. Specifically, Binance is preparing to officially list the Telegram (TON) token in a move that has caused the value to increase by 10%. The exchange is set to launch perpetual contracts for TON with leverage of up to 50x.
The rising value of the token has maintained a cyclical economic relationship between Telegram users and TON. With the introduction of the revenue-sharing advertising plan, users will be paid in Toncoin. They can then spend that TON token on features within the Telegram ecosystem.
So far, these developments have created a self-sustaining economic system for Telegram users. Additionally, the integration of the coin continues to reflect optimism that the value will continue to rise, especially if the messaging app continues to grow alongside it.
