Binance Futures Listing Boosts Telegram’s TON Token with a 10% Surge

Binance Futures has recently introduced the TON (Telegram Open Network) Perpetual Contract, which allows traders to leverage up to 50 times. This development has significantly boosted the popularity of the TON token, resulting in a 10% increase in its price.

Binance Futures Launches TON Perpetual Contract
The introduction of the TON Perpetual Contract on Binance Futures has opened up new opportunities for traders to engage with and profit from the TON token within the futures market. With the option to leverage up to 50 times, traders can now take advantage of the price movements of TON.

Telegram, a renowned messaging platform, has recently announced an innovative ad revenue-sharing model that will start in March. This model, which utilizes the TON blockchain, will distribute 50% of ad revenue directly to channel owners. This groundbreaking approach to compensating content creators on Telegram is expected to have a significant impact on the value of the TON token.

Pavel Durov, the founder of Telegram, envisions a global empowerment of content creators through the ad revenue-sharing framework. Starting in March, channel owners in nearly 100 countries will receive 50% of the revenue generated from ads displayed on their channels. This move aims to revolutionize the way content creators are rewarded and establish a transparent and efficient settlement mechanism on the TON blockchain.

Concerns within the community regarding the potential centralization of TON coins due to their exclusive use in ad revenue sharing have prompted a response from Pavel Durov. To address these concerns, Telegram has limited its TON share to 10%, with the excess being sold to long-term investors.

TON Token Price Surge and Technical Analysis
The market response to Telegram’s ad revenue-sharing plan is evident in the significant price increase of the TON token. Technical analysis indicates a strong bullish momentum, surpassing previous resistance levels.

As the TON token approaches the key resistance level of $3, its recent gains may consolidate, paving the way for further growth. A robust support level is identified at $2.5, providing protection against potential retractions.

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