CEO Durov spent $200,000 to purchase Toncoin in an effort to pre-acquire Telegram Premium subscriptions in a giveaway for 10,000 Telegram customers.
Pavel Durov, the CEO of cross-platform prompt messaging service has introduced a giveaway of 10,000 Premium subscriptions to have a good time a brand new function within the app. The Telegram app formally launched just a few new options, together with the “Giveaways in Channels”, which permits channel homeowners to host giveaways for loyal followers.
Durov wrote that each channel on Telegram can now host “FAIR giveaways”. He defined that the issue with earlier giveaways on social media is that a lot of them are scams. The CEO identified that normally, it was inconceivable to verify that the winner was chosen pretty. Telegram’s new function makes the app the primary social media platform to “natively assist giveaways with assured random choice”. The giveaway function additionally contains pay as you go prize funds.
In celebration of the brand new options, Durov introduced free Telegram Premium subscriptions paid for with Toncoin. He wrote:
“To have a good time our new function, I’m internet hosting a giveaway of 10,000 Telegram Premium subscriptions. In every week, 10,000 random subscribers of my channel will obtain a Telegram Premium subscription for six months. I’ve already already pay as you go for this giveaway on Fragment with $200,000 value of Toncoin I purchased on a crypto alternate.”
The brand new function permits customers to hitch giveaways and obtain prizes, relaxation assured that winners are pretty chosen. Every winner will obtain a present code to publicly confirm their win. Along with accessing Telegram Premium through the code, customers might be able to entry different items as launched by the proprietor of the channel. Winners may additionally have the ability to switch their prize to a good friend.
Telegram Giveaway Characteristic and Boosts
The benefit to the channel homeowners is the boosts they earn from giveaways. These boosts assist them entry extra options, together with customized colours and tales, and in addition add to their total development and visibility. Additionally, channel homeowners are in full management of the giveaways. They will specify the popular variety of winners, giveaway length, and what qualifies for eligibility. House owners also can specify different circumstances, together with whether or not or not they need eligibility to all subscribers, or limit entry to new subscribers.
To guard individuals and winners, the channel proprietor should pay prematurely for the Premium subscriptions they intend to award. Whereas that is simply executed through the Telegram app, organizers can use the @PremiumBot or Fragment, which helps massive giveaways for hundreds of subscriptions.
As well as, boosts at the moment are much more accessible. Telegram Premium account holders will now get 4 boosts as an alternative of 1. Customers are free to share these boosts amongst their favourite channels as they like.
Moreover, gifting somebody a Premium subscription additionally offers them one increase. Apparently, the gifter then receives three boosts for merely giving freely a Premium. Any person who wins a Premium in a giveaway will routinely have their 4 boosts transferred to the channel host. This contributes considerably to the expansion of the channel and will increase its visibility.
Amid the information, the Toncoin price is shifting increased. The present worth is round $2.45, which implies that it’s up 5.5%.

Tolu is a cryptocurrency and blockchain fanatic based mostly in Lagos. He likes to demystify crypto tales to the naked fundamentals in order that anybody wherever can perceive with out an excessive amount of background information.
When he is not neck-deep in crypto tales, Tolu enjoys music, likes to sing and is an avid film lover.