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Toncoin (TON) is up more than 35%. This follows the key announcement made by Pavel Durov, the CEO of Telegram. Meanwhile, NuggetRush (NUGX) is increasingly explored by investors.
Toncoin gains 35%
On February 28, 2024, TON, the native token of the Open Network blockchain, rose more than 35%.
Durov notified the community that starting in March, developers will receive financial rewards for their content. Given that Telegram's streaming channels have one billion monthly views, the move marks a monumental change in the content monetization landscape.
For now, only 10% of views have been monetized through Telegram Ads. But, starting in March, the platform will open to advertising in one hundred new countries. This initiative is unique as it relies entirely on the TON blockchain for payments and withdrawals, and Toncoin will facilitate revenue sharing.
However, Durov acknowledged issues raised by interested parties about the possibility of Telegram owning a portion of TON due to exclusive advertising sales.
To solve these challenges, Telegram has a strategic plan to limit its participation in TON to approximately 10% of the total supply.
Telegram will sell its surplus TON to long-term investors in a lock-up and vesting plan that will last one to four years. Sales will be made at a discount rate compared to the market price, which will help incentivize large investors to participate while locking in free-floating coins.
On March 4, TON was trading at $2.68, up 27.18% over the past week.
NuggetRush: Unlocking crypto Potential with Gold-Backed P2E Innovation and RUSHGEM
NuggetRush It offers multiple utilities.
Although its focus on meme culture has attracted an active and dedicated community, the expected impact of its play-to-earn (P2E) functionality is expected to influence prices.
In addition to offering investment options for artisanal miners in developing countries, NuggetRush is also a player-operated nft marketplace.
RUSHGEM NFTs can be redeemed for physical gold.
As part of its roadmap, NuggetRush plans to launch DEX, initiate community ownership transfer, and give up its smart contracts.
In the ongoing pre-sale, NUGX is available for $0.019. However, the token will be trading at $0.020.
So far, the project has sold over 206 million NUGX, raising over $2.6 million.
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