Toncoin (TON) briefly surged over 6% following Sunday's announcement of Telegram's ad revenue-sharing program.
Telegram to allow users to purchase ads with Toncoin. Channel owners will receive 50% of ad revenue. TON could break past its previous all-time high as it begins its community rewards program. Toncoin briefly surged over 6% following Sunday's announcement of Telegram's ad revenue-sharing program. Anticipation for the Toncoin community rewards initiative, which is set to go live on Monday, has also seen the Total Value Locked on the Ton blockchain reach new highs.
Following the announcement, TON's price increased more than 6% before experiencing a correction. Also read:Week Ahead: Bitcoin flashes sell signal, but altcoins explode. What will happen this week? This comes after a positive March for TON, which saw an over 100% gain month-on-month, rising from $2.48 on March 1 to an all-time high of $5.69 on March 25 before retracing.
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