Binance Sparks TON Token, Offering 50x Leverage and Revenue Sharing with Telegram

Binance Futures has made a significant move by introducing the TON (Telegram Open Network) Perpetual Contract, which offers a leverage of 50x. This introduction has resulted in a substantial 10% increase in the value of the TON token.

The launch of the TON Perpetual Contract on Binance Futures has created exciting trading opportunities and enhanced the visibility of the TON token. Traders can now take advantage of up to 50x leverage, allowing them to capitalize on the dynamic price movements in the futures market.

Telegram has also made a groundbreaking announcement by revealing an innovative ad revenue-sharing model that will start in March. This model, powered by the TON blockchain, will distribute 50% of ad revenue directly to channel owners, revolutionizing content creator compensation on the Telegram platform.

Starting in March, channel owners in almost 100 countries will receive a direct 50% share of the revenue generated from ads on their channels. Telegram founder Pavel Durov’s vision is to empower content creators globally and establish a transparent and efficient settlement mechanism on the TON blockchain.

To address concerns about potential centralization, Pavel Durov has announced that Telegram has capped its TON share at 10%. Any excess share will be sold to long-term investors, ensuring a balanced TON ecosystem.

The market has responded positively to Telegram’s ad revenue-sharing plan, as evidenced by the surge in the TON token’s price. Technical analysis suggests a strong bullish momentum, surpassing previous resistance levels. As the TON token approaches the crucial resistance level of $3, recent gains may consolidate, paving the way for potential future growth. A strong support level is identified at $2.5, providing a buffer against possible retractions.

These developments have not only increased the market value of the TON token but also opened up new opportunities for traders and content creators.