In order to get more people to use the Ton blockchain, Telegram has made some changes to their rules that will make more people interested in the crypto features of the platform.
Elon Musk’s social network wants to add a new rule that says new users will have to pay a small fee every year before they can use features like News Daily, posts, likes, and favorites. Musk explained this move by saying it was part of a plan to fight bots, which have been filling timelines with automated and fake accounts.
Blockchain Policy Elicits Mixed Reactions
When this latest policy change was made public, users of the site had a range of reactions. The Open Network (TON) blockchain has said that Musk’s plan may indirectly help more people use cryptocurrencies, even though it is controversial.
Pavel Durov, the founder of Telegram, had said before that he wanted to share 50% of advertising income through the TON blockchain in February. This project not only gives extra rewards for having Telegram broadcast channels, but it also works to get more people to use digital assets, which makes cryptocurrencies more popular.
This will give Ton’s native cryptocurrency, Toncoin (TON), more uses. Along these lines, Toncoin has reached new all-time highs (ATH) at least twice since it began. But recent changes in the market have caused Toncoin and other virtual currencies to retrace. According to CoinMarketCap, Toncoin is now selling about 19% below its all-time high of $7.65.