The team behind the Ton blockchain is confident that implementing a new policy will drive increased user engagement on Telegram and its cryptocurrency functionalities.

Elon Musk’s social media platform has introduced a new rule mandating a nominal annual fee for new users to access premium features such as News Daily, posts, likes, and bookmarks. Musk’s reasoning behind this decision is to combat bots effectively, as the platform has been inundated with automated and fake accounts.

This recent policy update on X has elicited a varied response from users within the community. The Ton Open Network (TON) blockchain has observed that Musk’s initiative could indirectly stimulate a higher adoption rate of cryptocurrencies.

In response to this development, the Ton blockchain team expressed their perspective on the matter, emphasizing that more users may opt for free and censorship-resistant media platforms like Telegram, particularly with the recent launch of the Add sharing program.

Telegram’s founder, Pavel Durov, disclosed a significant plan to distribute 50% of advertising proceeds via the TON blockchain back in February. This strategic move not only incentivizes individuals to host Telegram broadcast channels but also serves as a global initiative to promote digital asset adoption, thereby expanding the reach of cryptocurrencies.

Following the live implementation of the program last month, as reported by crypto.news, Ton’s native cryptocurrency, Toncoin (TON), has experienced notable growth, reaching new all-time highs on multiple occasions. Despite a retracement in Toncoin’s value, trading at 19% below its peak of $7.65, according to CoinMarketCap data.

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