Telegram’s popular messaging application has introduced a brand new feature. It is a Stars digital payment token that can be used in the app. The innovative feature allows for seamless in-app purchase on iOS and Android.
Telegram CEO Pavel Durov has announced that developers of mini apps can accept Stars as payment for digital service. These developers can also convert their Stars to Toncoins (TON), The Open Network’s native token, through the exchange platform Fragment.
On the same day as the announcement, TON’s price soared by 10%. This landed TON among the top ten cryptocurrencies based on market capitalization. This increase reflects growing trust and interest regarding Telegram’s integration of the TON system.
Durov emphasized the flexibility Stars provides, by stating: “Mini app developers can withdraw their Stars via Fragment using TON. They can also use Stars to further promote their apps on Telegram — on preferential terms!” The Telegram platform’s new digital economy and the strong incentive it offers developers will encourage them to get involved.
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Stars has been introduced at the right time, considering Telegram’s rapid growth. The mini-apps have attracted millions of users every day, creating an ecosystem in the messaging app. Hamster Kombat has been gaining popularity. The game lets players increase their income through the purchase of currency. “upgrade cards” Complete quests.
Hamster Kombat announced recently that it has accumulated millions of subscribers and is now the number one channel in Telegram based on user numbers. The success of this mini app shows the possibilities for it to flourish within Telegram’s ecosystem.
Durov thinks that Telegram has become the most popular mini-app. “main destination” Launching new applications. He commented, “Stars and ad subsidies bring this to a new level – unprecedented in the history of social media.”
Telegram’s Stars initiative, in addition to making it easier for customers to purchase Stars within apps, also negotiates revenue-sharing with Apple and Google. Apple and Google take a 30 percent commission when you purchase Stars on these platforms. Telegram, however, has developed a way to reduce this cost.
Durov clarified that Telegram would subsidize the ads bought with Telegram Stars. Developers can reinvest Stars in promoting apps without having to pay additional fees. This subsidy aims at encouraging developers to increase their visibility and grow within the Telegram Ecosystem, making it win-win for both parties.
Telegram isn’t new to cryptocurrency. Telegram and the stablecoin provider launched Tether USDT on the TON Blockchain in April. The partnership was designed to increase crypto adoption on Telegram by providing more options for users. financial The app has a number of tools and features.
Stars allows Telegram to continue its commitment to integration. financial Technology and the creation of a dynamic platform that is both developer and user friendly. Telegram is constantly innovating as the digital world evolves. It offers new and innovative ways to communicate, interact, trade, and prosper for Telegram’s vast userbase.
Telegram has taken a major step forward with the launch of its Stars token, as it combines digital payment and social media in an innovative way. Telegram sets a new standard for the intersection between messaging and digital finances by enabling in-app payments and giving developers creative ways to promote and monetize their apps.
Telegram’s ecosystem will continue to grow with the growth of its mini-apps and strategic cryptocurrency use. This is driving user engagement as well as developer success.
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Source: cryptocoin.news