Pantera Capital Backs TON, Eyes Mass Adoption through Telegram

[TL; DR]

The Ton blockchains partnership with Pantera Capital and Tether USDT will increase the adoption of crptocurrenc.

Tons ke features such as a decentralied marketplace, blockchain scalabilit and cost-effectiveness will promote the adoption of crptocurrenc.

The Toncoin is in a bullish momentum that ma persist until 10 June.

Introduction

The integration of The Open Network (TON) with Telegram app has generated much hpe about the future of crptocurrencies. The Open Network (TON), previousl called Telegram Open Network, has the capacit to increase the adoption of digital assets such as crptocurrencies.

Apart from its unique features, TON offers much utilit to the blockchain communit. This analsis will look at how the integration of TON with the Telegram app ma enhance the adoption of digital assets.

Pantera Capital's investment in The Open Network (TON) and its potential for mass adoption via Telegram

Some crpto analsts tip Ton Blockchain to pla a vital role in the crpto sphere following several partnerships it forged within a short period. One Ton Telegram trending partnership is that of Pantera Capital Investment which ma lead to an astronomical growth of the blockchain.

In a recent blog post, Pantera Capita disclosed its partnership with TON blockchain and explained how their collaboration will benefit the entire crpto communit. Ran Barne, a senior investment associate at Pantera Capital, said, "At Pantera Capital, we are thrilled about this investment and are eager to support the future builders within the TON ecosstem.

It is important to note that Pantera Capital, a well-known crpto venture capital firm, has invested a large sum of funds in Ton blockchain. Although both Ton and Pantera Capital have not disclosed the exact amount of invested funds, the investment will likel lead to the expansion of the Ton Telegram ecosstem.

Alread, the TON blockchain native token, Toncoin, with a circulating suppl of 3,473,826,631 and a market capitaliation of $23,218,210,417, is ranked number 9. Its partnerships with Tether USDT and Pantera Capital will likel propel it to greater heights.

Barne talked highl about the benefits Pantera will have for investing in the Ton blockchain. Commenting on its user base, Barne said, Telegram has over 900 million monthl active users on its future-facing, fast, and secure messaging platform that is used for personal and group communications, large-scale communit building, content sharing, and more.

The ke thesis is that the introduction of digital assets in the Telegram and Ton ecosstem will likel lead to mass adoption crptocurrenc. In relation to this Pantera added, B leveraging Telegrams vast user base and seamless UX with the vibranc of TONs emerging ecosstem, we believe TON has the potential to become one of the largest crpto networks.

Telegrams potential as a communication app of choice among people will lead to crpto mass adoption. There is no doubt that Telegram is one of the fastest growing communication applications. According to Pantera capital Telegram, the user base is increasing b about 2.2 people per da, with over 930 million monthl active participants. If such a large audience uses crptocurrencies on monthl bases the number of crpto adopters will increase significantl over the next few ears.

Also, Telegram is outperforming its closest rival, Signal. As an example, Telegram has ten times the number of downloads per month than Signal. This shows its potential to keep on growing in future ears.

Read also: Pantera Capital Plans $250M Solana (SOL) Bu

Another factor that positions Telegram well is its abilit to navigate regulator obstacles. As things stand, Telegram seems to be the onl communication platform that has successfull integrated the blockchain technolog into its sstem. Other communications apps like Messenger and WeChat failed to integrate crpto paments into their ecosstems due to regulator hurdles. Also, Telegrams appeal to people around the globe will facilitate the greater adoption of crptocurrencies.

TON's Growing Ecosstem: TON's Recent Features and Partnership Expansions

The TON Telegram ecosstem has man features that promote the adoption and use of digital assets like crptocurrencies and NFTs.

A Scalable Platform: The TON blockchain scalabilit gives it an edge against various protocols in facilitating crpto transactions which are cost effective. Basicall, The Open Network (TON) has a decentralied infrastructure which is able to support man mini-applications that facilitate the use of crptocurrencies like Tether USDT TON and other stablecoins. In addition, the TON Telegram ecosstem has multiple components like TON Storage, TON DNS, TON Services and TON Blockchain that are integrated to function smoothl and support the use of crptocurrencies.

Regarding this, Pantera Capital said, The backbone of this sstem, the TON Blockchain, is built for high performance and scalabilit, processing transactions quickl thanks to its dnamic sharding mechanism. This architecture ensures the network can handle millions of transactions per second and scales efficientl as user numbers grow, making it ideal for developers aiming to launch applications for hundreds of millions of users without compromising speed or securit.

Eas Onboarding: Telegram makes it ver eas for new crpto users to navigate the crpto sstem. For instance, there is no need for users to have long private kes or passwords to send and receive digital assets. Instead, the are able to use Telegram and their email addresses to send and receive digital assets.

Also, users can easil connect to different mini-apps using a simple interface. According to Pantera Capital, users can easil bu, sell, or manage tokens and NFTs all within a single interface, accessible directl through the Telegram settings and personal chats.

Diverse Mini-Apps: Telegram mini-apps which require stablecoin paments ma facilitate mass adoption crptocurrenc. examples of mini-apps where the users should make crpto paments to access their services mini-games and chatbots. The Ton blockchain has more than 300 such applications which shows a possibilit of much crptocurrenc adoption.

Explore Top TON Ecosstem Coins & Tokens b Market Cap

Pertaining this, Pantera Capital said, With TON, we envision that integrating crpto into these Mini Apps will significantl enhance the user experience for these hundreds of millions of users. There are more than 300 projects on TON, the majorit of which are built mini-apps on Telegram which are accessible via the Telegram Apps Center.

It added, Earlier this ear, we observed how memecoin trading tools like BonkBot generated tens of millions of dollars in revenue through Telegrams user interface. TON-based applications, such as StormTrade, now enable users to trade perpetuals, crptocurrencies, stocks, and equities using the same interface. Decentralied Applications (DApps) Development: Developers can create various decentralied applications on the Ton blockchain. Notabl, these Dapps will require the users to make paments using Toncoin. As a result, the Toncoin price performance will likel improve in the long term. In the meantime, TON Foundation has a plan to introduce an incentive program for developers to promote the creation of different applications. The app creators will be paid in Toncoin.

Decentralied marketplace: Another Ton feature expansion to facilitate the adoption of crptocurrencies in the Telegram communit is its decentralied marketplace. Based on the existing crpto market trends, a facilit that allows communit members to bu and sell products promotes the adoption of crptocurrencies that are used as a means of pament. For example, the users ma trade digital collectibles like custom Telegram usernames, Telegram stickers and virtual phone numbers.

Data Monetiation: The Ton Telegram sstem enables the users to monetie their content. Pantera Capital put more light on this. It explained, Telegram is taking a significant step forward b integrating revenue sharing with content creators and channel owners through its Fragment platform powered on the TON blockchain. This move marks a shift from traditional social media models b directl allowing these creators to earn from ad revenues on their channels.

Partnership Expansions: Another thing that will promote the adoption of crptocurrencies are partnerships which the Ton blockchain initiates and promotes. Apart from the Pantera Capital Ton blockchain partnership, Telegram entered an alliance with Tether which led to the integration of USDT and XAUT stablecoins with the Ton blockchain.

The Tether USDT Integration will enable man Telegram users to adopt crptocurrencies. As per Pantera website, This development represents a significant advancement for the crpto industr, as it allows hundreds of millions of users to seamlessl send and receive stablecoins through the Telegram platform, making paments as eas as using Venmo or Apple Cash.

Ton Coin Price Performance

Toncoin with a market dominance of 1.04% is trading at $6.82 after losing b 0.25% within the last 24 hours as the following graph indicates. Toncoin Price Performance - CoinCodex

As the picture shows, Toncoin is in an uptrend that started on 8 Ma. The crptocurrenc attained its all-time high of $7.65 on 11 April. Presentl, the coin is showing a bullish outlook with a Fear and Greed reading of 53. According to CoinCodex price prediction, TON ma gain b 227.25% to reach $22.00 b 10 June.

Conclusion

As per Pantera Capitals conviction the integration of crptocurrencies in the Telegram ma lead to mass crpto adoption and the expansion of the Ton blockchain. Specificall, Telegram users will be able to make paments for the use of various mini-apps using TON. The integration of Tether USDT with Ton blockchains will also increase the demand for the stablecoins.

FAQs about Toncoin

What is Toncoin?

Toncoin is a native crptocurrenc for The Open Network (Ton), formerl known as Telegram Open Network. It is a utilit token which is integrated with the Telegram app.

When was Toncoin launched?

Ton coin was launched in 2018 as the native crptocurrenc for the Telegram Open Network. Nikolai Durov, the Telegram instant messenger apps founder, developed the Toncoin. Read the Toncoin Price Prediction & Forecast for 2024, 2025, 2030

What does Pantera Capital do?

Pantera Capital is an investment compan that specialies in ventures and crptocurrencies as well as promoting the adoption of blockchain technolog. The firm believes that crptocurrencies like Bitcoin have the potential to change peoples lives for the better.

Who is behind Toncoin?

Nikolai Durov is behind the development and promotion of the Toncoin. He is also the founder of Telegram instant messaging app. In fact, Toncoin is now integrated into the Telegram application.

Is Toncoin real?

Toncoin is real since it is listed on man centralied and decentralied exchanges like Gate.io, Binance and Coinbase. It is currentl the 9th largest crptocurrenc b market capitaliation and is trading at $6.82. Read how to bu TON coins at Gate.io.