Telegram unveils gifts, verification feature as TON fails to pump

1 month ago 7

Toncoin has failed to exhibit a positive surge in price despite Telegram’s recent announcement of new features.

Telegram has announced a gift feature alongside a few other new features on their app. However, Toncoin (TON) has failed to showcase a positive pump despite the new addition to social media messenger.

TON is trading at $5.22 at press time with a 2.7% drop in price over the last 24 hours. According to CoinGecko, the coin is also down by over 10% in the last seven days.

In most of the instances, a major announcement is usually followed by a price pump. However, despite the slight positive crypto market conditions, TON hasn’t reversed its negative course.

Telegram users can now send gifts to friends

The latest announcement by Telegram showcases a new feature where users can send gifts to their friends. The person who receives the gift can use it to display it on their profile pages or even turn them into stars.

Telegram CEO Pavel Durov also disclosed that some gifts are in limited supply. He also stated that they will also introduce a feature to convert these gifts to TON-based NFTs.

That’s not the only disclosure that Telegram made. They also unveiled a platform for businesses that can verify customer phone numbers.

In addition, Telegram has improved its reporting interface. The announcement highlighted that the app’s moderators take down millions of content that violate its terms of service.

Now, they have ramped up the system with more capabilities to include more details and categories of the violation.