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The $TON Foundation team announced the launch of an incentive program dedicated to cooperation with Tether.
According to a recent post, 11 million Toncoin ($TON) have been allocated to reward early $USDT users in the $TON network. The campaign aims to encourage the adoption of the stablecoin online.
🔈 @Tether_to’s USDt now available on #$TON!
— $TON 💎 (@ton_blockchain) April 19, 2024
Making cross-border payments INSTANT, FREE, and as EASY as sending a text message for @telegram's 900M users.
$TON Foundation offers 11M $TON in incentives 💸💎
Check out this thread to learn more! 🧵⬇️ pic.twitter.com/yvqihsuBR9
“USDt on $TON will be accompanied by fully integrated on-ramps from most fiat currencies globally at launch. Soon, integrated global off-ramps will enable users to withdraw supported fiat currencies directly to bank accounts or cards.”
$TON Foundation announcement
The $TON Foundation team said five million $TON will be allocated to increase rewards in the liquidity pools of the decentralized platforms DeDust and STON.fi. Another five million tokens will be distributed to users using $USDT to participate in the Wallet’s Earn campaign.
Toncoin’s 1.2 million tokens will be provided to ensure the free withdrawal of funds through centralized $TON partner exchanges. Users can purchase $USDT or any other blockchain-based asset and transfer it to $TON without commission.
According to CoinMarketCap, Toncoin’s price surged to $7.21 earlier in the day but had fallen to $6.43 per coin at the time of writing. Its market capitalization is $22.3 billion.
$TON Foundation allocates 11m Toncoin to reward $USDT users - 1"> $TON experienced a significant drop today after Telegram Founder Pavel Durov said the messenger could tokenize stickers. Sticker creators will receive 95% of the income from the sale through the use of the $TON blockchain.
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