Telegram CEO Pavel Durov has introduced “Telegram Stars,” an in-app token designed to streamline the purchase of digital goods and services. This new feature broadens Telegram’s scope from a secure messaging platform to an expansive digital marketplace.
Telegram Stars facilitates transactions within the app’s ecosystem. Users can obtain these tokens through in-app purchases on platforms like Apple, Google, or PremiumBot.
How Telegram Plans to Enhance Its Ecosystem Through Stars
Users spend these Stars on digital products, including e-books, online courses, and items for Telegram games.
Compliant with Apple and Google’s policies on digital sales, Telegram Stars aims for a seamless integration into mobile app stores. Furthermore, Telegram plans to allow developers to convert earnings from their bots into Toncoin (TON), enhancing the versatility of these digital tokens.
Read more: What Are Telegram Bot Coins?
Telegram Stars strategically enhances the visibility and usage of mini-apps like Notcoin, which do not require installation. Users can utilize Stars to conduct transactions within such mini-apps, and developers can also use Stars to promote their apps on Telegram.
“Apple and Google take a 30% commission when users buy Stars from them, but Telegram will subsidize ads purchased with Telegram Stars. So if developers reinvest Stars in promoting their app, the overall commission will be nearly 0%,” Pavel Durov, the CEO of Telegram, explained.
The influence of these innovations is evident in the crypto market, particularly with Notcoin (NOT). It is currently trading at $0.022, up by 4.17% in the past 24 hours.
Although the short-term impact on its price has been minimal, Notcoin has climbed into the top 60 cryptocurrencies by market capitalization. Earlier this week, Notcoin briefly made it to the list of top 50 cryptocurrencies.
The rapid success of Notcoin is backed by significant support from Durov himself. Earlier this month, he noted that assets in his account, initially worth $6.8 million, appreciated fourfold within two weeks, reaching nearly $25 million.
Durov’s strategy involves holding these tokens with the expectation that their value will increase by 100 times. He targets a staggering $680 million valuation for his Notcoin portfolio.
Durov has praised Notcoin’s growth, declaring it “the largest cryptocurrency community in the history of social media.” He also highlighted the advantages of Telegram’s large user base and scalability for deploying crypto applications.
Read more: Notcoin (NOT) Price Prediction 2024/2025/2030
As Notcoin gains momentum, achieving record trading volumes and market cap milestones, it highlights Telegram’s transformation into a key platform for crypto solutions.
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