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Reading: Telegram’s chat software is now a marketplace—a game changer
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Telegram’s chat software is now a marketplace—a game changer

Ali Raza
Last updated: November 19, 2024 11:29 am
Ali Raza Published November 19, 2024
Telegram's chat software is now a marketplace—a game changer?

Telegram’s chat software marketplace Imagine yourself doing it while talking to friends, just like in a chat message. The same goes for having e-books, online courses, or in-game items via Telegram’s messenger software. Starting on June 6, this is now possible, and Telegram Stars introduced it. Telegram has been more than just a messaging platform during this time. More than 400 million monthly users communicate with bots and mini-apps. Many buy things from online shops, order services, and participate in games. The new version introduces the option for these bots and micro apps to sell digital items, such as digital art and e-learning software.

Contents
What is happening and whyWhat’s next for Telegram and its ecosystem

Telegram Stars can be gained through PremiumBot or iOS aid in-app purchases. Different bots will sell more digital products when you earn enough Stars. Telegram Stars accepts the policies of both Apple and Google to ensure that all digital transactions are carried out successfully. Finally, developers can join Fragment to exchange the Twitch of their Stars with the cryptocurrency Toncoin (TON). Then, they can either use them as investment funds or sell them in exchanges.

For your information, Telegram has always been the way for users to buy physical and digital goods with the help of bots and other smaller applications. They have so far received payments from all over the world. The platform has consequently reached new heights of popularity with the addition of digital products. Extra innovations, like awards for content creators, will be included in Telegram Stars soon.

What is happening and why

Let’s first discuss the financial side. Always remember that when customers make purchases from their platforms using stars, Apple and Google are guaranteed to get a good commission of as high as 30%, according to Telegram’s CEO Pavel Durov. Telegram, on the other hand, has an intelligent solution for this. This ex. Will fund ads sold through Telegram’s Star system, Telegram Stars. Through the developers’ earned Stars, taking part in Telegram’s in-app ad campaigns, the fee over the commission can even hit almost $0. thereby decreasing the total rate.

What is happening and why?

Telegram is a platform that might provide a more significant ROI (lower cost) than traditional mobile platforms for app launches and promotions. This concept goes along with the present hype about Telegram’s micro-apps. Through these small apps, Telegram’s chat software marketplace has rapidly taken over the platform of application launches. “Something never seen before in social media,” Durov even called it.

Let’s consider some instances of achievement in the Telegram ecosystem to understand the potential effect. Notcoin (NOT) is a well-known software with 35 million users in the first five months of its release. It is a game where users can earn tokens by executing social activities. Accordingly, 60 million people downloaded the crypto management simulation game Hamster Kombat, which came out in March. Notcoin is immediately behind the top 9 coins by market cap and has become the core gaming token introduced in 2024 after a $2 billion capitalization increase.

These two apps are on the rise due to Telegram’s platform. New application possibilities were never brighter than the launch of Telegram Stars. Telegram’s marketplace of chat software has won the crypto sector over. Tether (USDT), powered by the TON blockchain, was introduced in April to increase the use of cryptocurrencies. Developers will soon be able to cash out their Stars in TON, the most popular cryptocurrency on Telegram, via Fragment, a marketplace for in-app usernames and ads.

What’s next for Telegram and its ecosystem

What’s next for Telegram and its ecosystem?

We foresee that many small mobile apps will develop and users will rise. Telegram will soon experience a rain of user-creative apps from developers, mainly because of the chat software marketplace Stars, which offers costless promotion. Rewarding prosperous development through the Stars revenue structure alongside offering extra rebates for Stars payments will become even more real depending on the growth rate of the applications’ users.

The use of Toncoin will also be on the rise. Due to the recent price jump, the convenience of converting Stars into TON will only add fuel to its popularity. These features combined can be the driving force for an increase in crypto development and the long-run building of partnerships, cooperating with a solid position of Telegram’s economy.

FAQs

What is Telegram Stars and how does it work?

Telegram Stars allows users to buy and sell digital products like e-books, online courses, and in-game items through Telegram’s bots and mini-apps, earning Stars through transactions.

 

How do Telegram users earn and use Stars?

Users can earn Stars through in-app purchases or by using bots, and then spend them on digital products or exchange them for Toncoin (TON) via the Fragment marketplace.

 

How does Telegram handle app commissions from Apple and Google?

Telegram minimizes commissions by funding ad sales through the Telegram Stars system, allowing developers to reduce the fee and increase ROI for app launches and promotions.

 

What is Telegram’s role in the crypto space?

Telegram is expanding its ecosystem by integrating cryptocurrency, including the TON blockchain, and offering new opportunities for developers to earn and exchange Stars for Toncoin.

 

What is the future outlook for Telegram’s marketplace and ecosystem?

Telegram is expected to see growth in user-generated apps, with an increase in Toncoin usage and the potential for more creative and cost-effective app promotions through Telegram Stars

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By Ali Raza
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Ali Raza is an experienced freelance content writer. His focus is primarily on aster-crypto and btccoinzone. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Ali Raza is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Ali Raza enjoys traveling, reading, and playing cricket when not writing. He now works as a news and article writer for Astercrypto.
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