Telegram Employs Blockchain-Based Mechanism to Auction Usernames

Telegram, one of 10 most-used apps worldwide, has organized a bid for unique usernames not currently in use by interested users.

Telegram’s CEO Pavel Durov gave the news in a statement made through the company’s official channel. 

 

Telegram users can use the API to purchase and sell preowned usernames under protected contracts. Telegram Open Network (TON). TON was chosen by the company as it is highly scalable, fast, and easy to use. TON was also used previously by Telegram in an auction for domain/wallet addresses. They had a great success. Casino.ton sold for $244,000 while Toncoin sold for $260,000 and Wallet.ton sold at $215,250.

 

According to Durov, “the development phase is almost over, and the auction platform will be launched soon. Make sure you don’t miss your chance to acquire the most valuable usernames and secure your ownership of them in the TON blockchain’s immutable ledger”. 

 

“This marketplace might also include other Telegram ecosystem components like channels, stickers, or emojis”, Durov added.

 

Telegram: What is the latest news?

 

Telegram Publiziert The 2019 TON Testnet Explorer and Node Software. Shortly thereafter, the iOS beta version of the Gram token wallet became available. Because the TON network can be interoperable and integrated with Ethereum, users could transfer their Ethereum smart agreements to it.

 

Durov was awarded an award in 2020 An announcement A protracted legal dispute between the United States Securities and Exchange Commissions (SEC) led to Telegram’s CEO, Thomason, having to give up his Gram token wallets. Telegram CEO said that he felt the US courts were abusing their power and going beyond domestic law to decide what is best.

 

Telegram, with 700 million users, is now able. Trade Toncoin and Bitcoin Wallet Bot. Telegram users have the ability to buy and send both cryptocurrencies over chat messages.

Image source: Shutterstock

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