Toncoin-Telegram Foundation Lays Out Vision for Widespread Blockchain Use – Read This Before Investing in TON
In a presentation at TOKEN2049, Steve Yun, President of TON Foundation, and John Hyman, CIO at Telegram, unveiled their ambitious plan to bring mass adoption to Web3 technologies. Despite the buzz surrounding blockchain, the technology still needs widespread adoption. According to the TON Foundation, only 0.3% of internet users actively engage with Web3 platforms.
The duo emphasized that for blockchain to gain mainstream acceptance, the technology behind it needs to become “invisible.” This is a lesson learned from every successful consumer tech product. Web3 initially thought it was an exception to this rule, but it’s not. The focus should shift from the technology to providing value to the user through a seamless user experience (UX) and better distribution methods.
TON and Telegram: A Match Made for Mass Adoption
TON Blockchain is designed with the user as the focal point and boasts an impressive capability to scale over 1 million transactions per second. To put this into perspective, that’s 5,000 times faster than traditional payment giants like Visa or Mastercard. But what makes this partnership truly groundbreaking is the integration of TON within Telegram’s Mini-Apps. These mini-Apps will serve as the user layer, providing built-in audience onboarding and distribution features.
Moreover, Telegram will offer a TON-based wallet with both custodial and self-custodial options, streamlining the user onboarding process within its Mini-Apps. This is part of TON’s broader strategy to remove all complexity from the user experience, making crypto usage as intuitive as social media platforms.
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Show more +TON Coin is currently experiencing a surge in both price and market volume. The cryptocurrency is priced at $2.448, marking an increase of 39.777% recently. Its total market volume is $78.08 million, up by 87.11%. With a market capitalization of $8.4 billion, TON ranks 9th among 4,493 cryptocurrencies.
Its 24-hour trading volume is $78.08 million, equivalent to 2,935.77 BTC. The circulating supply is 3.44 billion coins. TON’s current LunaCrush is 4th out of 4,493, and its Galaxy Score is 39.5 out of 100. These metrics indicate that TON is gaining significant traction in the crypto market.
The collaboration between TON and Telegram aims to solve the adoption problem that has plagued the blockchain and Web3 sectors. By focusing on user value, seamless UX, and robust distribution channels, they are setting the stage for a future where blockchain technology is not just a buzzword but an integral part of our digital lives.
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