TON rises 40% thanks to Telegram profits

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Like social media platform with channel owners. According to Durov, channel owners will get half of the advertising revenue starting March 1, 2024. The platform intends to pay this revenue in $TON coins.

Just an hour after this announcement, the price of $TON rose by more than 30%. Amid the growing frenzy over $TON, $GFOX has also been a game-changer in the memecoin space, as the token is set to see $4 million in sales.

Everything you need to know about Ton

Telegram’s announcement to introduce an ad revenue sharing system for channel owners, across nearly 100 countries, has been termed laudable by many social media users and analysts. However, the platform’s decision to pay revenue in TON may have more facets than just a sharing ratio.

TON (The Open Network) is a blockchain network created by Telegram in 2018 with approximately $1.7 billion. Although the creators intended for the blockchain to compete against Ethereum, the project was abandoned due to legal issues with the US Securities and Exchange Commission (SEC). Shortly after, other developers supported by Telegram founder Pavel Durov continued the project as Toncoin with its $TON token.

Since the last Telegram announcement, $TON has increased by almost 40%. Although the announcement does not mention additional utility, the token’s function for governance, transactions and other network operations is still valid.

Over the years, $TON has been used to support transaction fees, data storage, and access to the Toncoin proxy. As a governance token, $TON holders can participate in voting on proposals. Investors can also earn passive income by staking tokens to validate transactions on the network.

With Telegram’s latest announcement, $TON can potentially gain even more traction and adoption. By introducing an advertising revenue sharing system, Telegram is creating a $TON utility network, where content creators can cash in their tokens or reinvest them to promote their channels. Whatever their decision, the value and utility of $TON will increase. The social media platform’s goal is to create value for the token, as it did with the integration of $TON into the Telegram UI in 2023. While the token is currently growing, so is the least expensive memecoin, $GFOX, has seen a steady increase, approaching the milestone of $4 million in sales.

$GFOX reaches $4 million

Galaxy Fox ($GFOX) is a new memecoin, which combines play-to-earn games with meme features. The project offers its community multiple opportunities to generate passive income through NFT sales, play-to-earn games, and staking incentives.

The main offering of the project is the Web game 3 Endless Runner, in which players compete in marathons. At the end of the weekly and monthly game seasons, the top 20 players in the ranking are rewarded via a prize pool. Players also enjoy in-game benefits through the purchase of NFTs that can be listed and traded on OpenSea.

Participation is another feature of the Galaxy Fox project. The network’s “Stargate Pool” accumulates 2% from each GFOX transaction and then distributes it to token holders.

Since the pre-sale launched, Galaxy Fox has raised over $3.5 million, with seven phases already sold out. The presale structure of the token has attracted the interest of many investors, which is a clear indication of the token’s prospects.

Galaxy Fox has attracted attention in the cryptocurrency market as a potential competitor to coins such as $SHIB, $PEPE and $SOL. Among these coins, $GFOX stands out for its Web 3 ecosystem. The one-of-a-kind hybrid project has positioned $GFOX to take GameFi to the highest level. The token therefore has high profit potential for early investors.

Participate in the GFox presale

Conclusions

Telegram’s decision to introduce an ad revenue sharing ratio for channel owners has created a lot of excitement around the $TON token, sending it up more than 30%. However, this move not only creates a fair sharing ratio for channel owners, but also increases the utility and value of the $TON token. Although $TON is still going strong, some analysts are optimistic that this trend will continue with the same price surge in the long run. For this reason, more and more retail investors have turned to memecoins.

$GFOX is a memecoin that is making waves in the market, with sales expected to reach $4 million by March 2024. $GFOX stands out for its unique hybrid design, an interesting blend of play-to-earn games and meme functions . The project offers multiple passive income opportunities through NFT sales, play-to-earn games, and staking incentives. Its Web 3 ecosystem has positioned $GFOX as a potential competitor to other coins on the market, but at a more affordable price. Thanks to this, $GFOX could earn early investors 100x their investment. This is the best time to buy GFOX.

Find out more about $GFOX here:

Visit the Galaxy Fox presale | Join the community

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