Telegram’s Wallet will offer a lucrative program for Toncoin holders

The update will gradually become available to users in March and April

13.03.2025 - 16:10

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3 min

What’s new? Telegram messenger’s Wallet, a crypto wallet developed by third-party company The Open Platform (TOP) based on the TON blockchain, has introduced a number of new features including revenue programs, multi-cryptocurrency trading, and buying, selling and storing cryptocurrencies without on-chain deposits. This will lower the barriers to entry for new users.

Material by TechCrunch

What else is known? The wallet update will start rolling out to users in March and April. Some features may be restricted in certain countries according to local laws.

TOP launched the wallet in 2023, and so far more than 100 million users, most of whom were new to the crypto ecosystem, have started their accounts with it.

Hamster Kombat team launches L2 blockchain for TON-based games

The TON team also took part in the development

Wallet was primarily focused on the native token of the TON (Toncoin) blockchain, which can be used in messenger to pay tips to channel authors or pay for mini-games and apps. It now also supports bitcoin, USDT, and Notcoin.

Under the new revenue program, users will be able to get paid for storing a certain amount of Toncoin. The average yield is 4%, but it will vary depending on validator rewards. Later this year, TOP plans to add yields for USDT holders and launch loyalty programs that will benefit Toncoin holders.

In addition, the app’s navigation bar has been updated and an easy way to switch between the Wallet, Trade, and Earn sections has been added.

TON has conducted an integration with LayerZero omnichain protocol

The partnership could help address “liquidity limitations” through seamless access to other crypto projects

“This update enhances Wallet’s functionality, to meet consumers’ expectations for an open and wide market. With current update Wallet now operates as a fully-fledged crypto platform within Telegram while remaining as simple and accessible as ever. We also plan to implement a loyalty program specifically for Toncoin holders, to further boost the adoption of TON Ecosystem,” TOP’s CEO Andrew Rogozov said.

Toncoin is the 23rd overall cryptocurrency by market capitalization at $6,9 billion and is trading at $2,78, having added 4,4% overnight while declining 26% over the month.

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