In recent years, Telegram has experienced remarkable growth, establishing itself as a leading social network platform. By 2024, it achieved its first significant milestone by reaching profitability, boasting a total revenue exceeding $1 billion. A critical factor in this success has been its gradual transition to blockchain technology through the TON network, which has attracted nearly 1 billion users.
Telegram’s Monetization Strategies
Telegram has adeptly monetized its platform through various innovative methods, including giveaways, mini-apps, Telegram for business, and an affiliate platform. With a substantial cash reserve of over $500 million, excluding crypto assets, Telegram is strategically positioned for substantial growth in the coming years.
Telegram’s Influence Amid Global Shifts
Freedom of speech has become a prominent topic in many leading jurisdictions, including the United Kingdom, European countries, and the United States. Major social media platforms like those associated with entrepreneurs such as Elon Musk, and giants like Meta, TikTok, and Telegram, have frequently engaged in complex legal discussions with various governments.
Telegram, known for prioritizing user privacy, gained a reputation as a secure platform, especially when viewed against the backdrop of Russian oligarch scrutiny. However, this perception shifted in mid-2024 when Pavel Durov, Telegram’s founder, was arrested in Paris, leading to changes in the platform’s privacy policies regarding user data in response to authorities’ requests.
Telegram’s Privacy Policy Changes
According to 404 Media, Telegram received 14 requests for user data in the first nine months of 2024, impacting 108 users. However, from October to December, requests surged to 900, affecting over 2,250 users.
Impact on the Toncoin Ecosystem
Telegram’s alignment with global regulatory changes is poised to significantly affect the Toncoin ecosystem. This top-tier Layer 1 (L1) blockchain, boasting a fully diluted valuation of approximately $269 million and a stablecoins market cap of around $1.41 billion, has witnessed substantial growth, primarily driven by Telegram’s mini-apps such as Hamster Combat (HMSTR), Notcoin (NOT), and Dogs (DOGS).
However, increased legal scrutiny could potentially reduce cash inflows into the Toncoin ecosystem in the short term. Notably, criminal organizations, including Southeast Asian syndicates, reportedly generate between $27.4 billion and $36.5 billion annually through illicit activities on the platform.
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FAQs
Does Toncoin have a future?
Yes, with the anticipated bull run for Layer-1 projects, Toncoin, ranked #10 among altcoins, is expected to outperform major cryptocurrencies in the foreseeable future.
How high will the TON price reach by the year 2025?
The Toncoin (TON) price is projected to reach a high of $16.65 by the end of 2025.
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