It's great news for ton community i guess. Sharing ad revenues is a common strategy to increase the market capital of a project because many people will start accumulating the project token. The founder of TON said that he has no involvement with the ton project but he will still share the revenue with TON which means a lot of things have changed. They must have been secretly working together to monetize one of the world's largest social media platforms. Lets see what SEC do about it.
Topic: My thoughts on the latest news about TON (Read 106 times)
I think you've all heard this news
https://techcrunch.com/2024/02/28/telegram-is-launching-ad-revenue-sharing-next-month-using-toncoin/
Previously, Telegram and Pavel Durov refused the TON token and said that this was a project in which the Telegram team was not involved. TON and SEC had a very tense relationship.
Now Paved Durov will pay rewards with “other people’s tokens”
I see 2 interesting points:
1. In some countries it is prohibited to make mutual payments in cryptocurrencies.
2. What does dada Gary Gensler have to say about this?
They didn't refuse the TON token per se, as they were totally involved developing it. They just cancelled the sale because of SEC ruling it a security, after that they published the source code, distanced themselves from it and let other people develop it further. And since TON community seems to support telegram by offering grants for people who are developing telegram mini apps, i am assuming that this is a way Durov chose to repay that favor. And as the fact that this brings actual utility, it makes it most valuable collaboration for TON that i know of. https://techcrunch.com/2024/02/28/telegram-is-launching-ad-revenue-sharing-next-month-using-toncoin/
Previously, Telegram and Pavel Durov refused the TON token and said that this was a project in which the Telegram team was not involved. TON and SEC had a very tense relationship.
Now Paved Durov will pay rewards with “other people’s tokens”
I see 2 interesting points:
1. In some countries it is prohibited to make mutual payments in cryptocurrencies.
2. What does dada Gary Gensler have to say about this?
But his next post was interesting as well:
So depending how telegram chooses to acquire their TON coins from the markets, buy pressure could even be constant.
This is actually first good news i have heard about TON for a while. It doesn't make it special or interesting in any way to me, but it might affect the price of it in the future.
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moreover, telegram may need to process permits to enable its application to send and receive payments in the us, and that usually takes time. during this process, telegram users in the us may not be able to use the payment feature.
This is the challenge here. I'm sure the SEC would not simply believe it if Telegram founders or owners will say they do not allow US users to use the feature. Having a clause in their terms and conditions prohibiting US citizens will not be enough either as implementing that would be tough too.moreover, telegram may need to process permits to enable its application to send and receive payments in the us, and that usually takes time. during this process, telegram users in the us may not be able to use the payment feature.
but i think that telegram can get their permission to allow their users to send or receive tons of tokens from their wallets, even though that permission might be burdensome for users because they need to comply with kyc and aml regulations, but that's the only way. and it is possible that all transactions carried out by users will be monitored by us authorities.
The exact numbers of target audience coverage and the ratio of their % to rewards are not yet known. Of course, a bunch of fake channels with a bot farm will appear. I think TON developers should take this factor into account. For myself, I see an excellent opportunity to invest in TON now (albeit belatedly), because I think it can easily give x10 within a year.
You are absolutely right. I am currently a TON holder because I believe Telegram has a connection with TON. To be honest, I was shocked by this news because I didn't understand TON in such detail. But for now TON is showing positive results. But I think it's the projects inside that are more interesting. I think they will have great potential in the future.
[....]
moreover, telegram may need to process permits to enable its application to send and receive payments in the us, and that usually takes time. during this process, telegram users in the us may not be able to use the payment feature.
This is the challenge here. I'm sure the SEC would not simply believe it if Telegram founders or owners will say they do not allow US users to use the feature. Having a clause in their terms and conditions prohibiting US citizens will not be enough either as implementing that would be tough too. moreover, telegram may need to process permits to enable its application to send and receive payments in the us, and that usually takes time. during this process, telegram users in the us may not be able to use the payment feature.
Can't say it now if that is useful or another trick until the criteria are ready already. For me, it was just an announced proposal to encourage people to consider TONcoin on their list of investments. It is a good market strategy and probably it works.
Well, I expect some increase in demand for TON, and seeing on the price chart, it shows a growing momentum which it certainly gives hope for the investors and gives confidence that they can get some ROI in the future.
Since the Telegram founder is known as the owner of Toncoin, this event will happen like what happened to Dogecoin and Tesla company. Was not a surprise and we need to see the criteria for the rewards.
Well, I expect some increase in demand for TON, and seeing on the price chart, it shows a growing momentum which it certainly gives hope for the investors and gives confidence that they can get some ROI in the future.
Since the Telegram founder is known as the owner of Toncoin, this event will happen like what happened to Dogecoin and Tesla company. Was not a surprise and we need to see the criteria for the rewards.
IIRC, it was announced that TON owned by Telegram. I guess that this is all about the avoidance of what may have Pavel and his company to be in hot pursuit by the SEC. It's been a long progress for the project and this type of ad revenue sounds good and how users are going to benefit from it. Honestly, most platforms should have this type of business model and everyone will be happy to participate with these ad revenue sharing scheme for everyone to get active with their platforms and contents. But before that, I hope that they'd remove most of the scammy channels that are using them as their base because there's a lot of it that are hiding on them and the impression was there if someone talks about telegram and crypto scam, it means that they're on Telegram.
The exact numbers of target audience coverage and the ratio of their % to rewards are not yet known. Of course, a bunch of fake channels with a bot farm will appear. I think TON developers should take this factor into account. For myself, I see an excellent opportunity to invest in TON now (albeit belatedly), because I think it can easily give x10 within a year.
You are absolutely right. I am currently a TON holder because I believe Telegram has a connection with TON. To be honest, I was shocked by this news because I didn't understand TON in such detail. But for now TON is showing positive results. But I think it's the projects inside that are more interesting. I think they will have great potential in the future.
what you are saying is that TON and SEC are collaborating in creating this token. if so then that means Gary is holding a huge bag of TON and he is profiting from this. and this time they are trying to distribute TON for its adoption to the users of telegram.
with this news, i think we will be seeing a lot of podcasters and influencers going to be creating their own channel to develop and make a profit through their channel with TON.
what you are saying is that TON and SEC are collaborating in creating this token. if so then that means Gary is holding a huge bag of TON and he is profiting from this. and this time they are trying to distribute TON for its adoption to the users of telegram.
with this news, i think we will be seeing a lot of podcasters and influencers going to be creating their own channel to develop and make a profit through their channel with TON.
2. What does dada Gary Gensler have to say about this?
of course he will not be happy about this, seeing that he is one of the parties who is most persistent in opposing cryptocurrencies in the us. moreover, telegram may need to process permits to enable its application to send and receive payments in the us, and that usually takes time. during this process, telegram users in the us may not be able to use the payment feature.
and that doesn't only apply in the us, but also in several other countries which are quite strict about using social applications as payment channels.
I just heard about it, and I'm actually pretty excited that we have another ad revenue sharing platform. With this action, I understand that in the near future there will be another wave of users landing on platforms similar to the one X is operating on.
Although I do not feel too strongly affected by clause (1), I must express that it does not serve everyone, but those who use it should accept the original clause. And this problem is not too big because before that I remember when Facebook also had many nationalities restricted, but it's okay because it's the same old story of users learning to accept everything.
I heard further information about TON that will limit Tele TON ratio to 10% of the supply, and they will sell the excess to long term investors with a 1 - 4 year vesting plan, so on the ecosystem stability will be guaranteed.
Yep, this is probably news that will bring great happiness to those who are building and developing communities.
Although I do not feel too strongly affected by clause (1), I must express that it does not serve everyone, but those who use it should accept the original clause. And this problem is not too big because before that I remember when Facebook also had many nationalities restricted, but it's okay because it's the same old story of users learning to accept everything.
I heard further information about TON that will limit Tele TON ratio to 10% of the supply, and they will sell the excess to long term investors with a 1 - 4 year vesting plan, so on the ecosystem stability will be guaranteed.
Yep, this is probably news that will bring great happiness to those who are building and developing communities.
I think you've all heard this news
https://techcrunch.com/2024/02/28/telegram-is-launching-ad-revenue-sharing-next-month-using-toncoin/
Previously, Telegram and Pavel Durov refused the TON token and said that this was a project in which the Telegram team was not involved. TON and SEC had a very tense relationship.
Now Paved Durov will pay rewards with “other people’s tokens”
I see 2 interesting points:
1. In some countries it is prohibited to make mutual payments in cryptocurrencies.
2. What does dada Gary Gensler have to say about this?
https://techcrunch.com/2024/02/28/telegram-is-launching-ad-revenue-sharing-next-month-using-toncoin/
Previously, Telegram and Pavel Durov refused the TON token and said that this was a project in which the Telegram team was not involved. TON and SEC had a very tense relationship.
Now Paved Durov will pay rewards with “other people’s tokens”
I see 2 interesting points:
1. In some countries it is prohibited to make mutual payments in cryptocurrencies.
2. What does dada Gary Gensler have to say about this?
I didn't knew Pavel Durov actually tried to distance him from TON coin. There was an announcement on his telegram channel that all he owns are shares of telegram, bitcoin and toncoin. With the telegram advertisement funding and payment both through TON coin there's no doubt TON is the official currency of telegram.
He might have said to just to be safe from SEC and keep doing legit business in US. Though Telegram has been able to bypass biggest of restriction attempts, they can't lose US.
I was bullish on TON and had some in my wallet but someone suggested me the defi tokens on TON chain would have more potential so I jumped to it.
I think you've all heard this news
https://techcrunch.com/2024/02/28/telegram-is-launching-ad-revenue-sharing-next-month-using-toncoin/
Previously, Telegram and Pavel Durov refused the TON token and said that this was a project in which the Telegram team was not involved. TON and SEC had a very tense relationship.
Now Paved Durov will pay rewards with “other people’s tokens”
I see 2 interesting points:
1. In some countries it is prohibited to make mutual payments in cryptocurrencies.
2. What does dada Gary Gensler have to say about this?
https://techcrunch.com/2024/02/28/telegram-is-launching-ad-revenue-sharing-next-month-using-toncoin/
Previously, Telegram and Pavel Durov refused the TON token and said that this was a project in which the Telegram team was not involved. TON and SEC had a very tense relationship.
Now Paved Durov will pay rewards with “other people’s tokens”
I see 2 interesting points:
1. In some countries it is prohibited to make mutual payments in cryptocurrencies.
2. What does dada Gary Gensler have to say about this?
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