TON Skyrockets to $6.4, Overtakes ADA for Ninth Place! Plus, Unveiling the Digital Identity Reward Program with One Million TONcoin Tokens Airdrop!

TON, backed by Telegram's TON Blockchain, has reached a significant milestone, breaking its previous all-time high to surpass $6.4. This surge, marking a nearly 126% increase over the past month, has propelled TON's market capitalization to $22 billion, surpassing ADA to become the ninth-largest cryptocurrency, with sights set on DOGE.

TON Society Launches Biometric Digital Identity Reward Program with HumanCode Partnership

TON Society, an integral part of the TON ecosystem, has initiated a digital identity reward program in collaboration with HumanCode, leveraging biometric scanning technology. Users can verify their human identity on the blockchain through palm scanning on smartphones, ensuring scalability, privacy, and decentralization. As part of this program, 1 million TON tokens, approximately $6.3 million, will be distributed to participants, with validators receiving a soul-bound token as proof of verification.

HumanCode Ensures User Privacy with TON Foundation Partnership for Advancing Digital Identity in the Web3 Ecosystem

Tim Zhang, founder of HumanCode, assures users of privacy protection by directly extracting palm images onto users' phones for secure scanning, ensuring unauthorized access to the server cannot reconstruct palm images.

Ekin Tuna, Development Director of the TON Foundation, highlights the initiative's aim to facilitate scalable, private, and decentralized digital identities, enabling broader participation in the Web3 ecosystem.

Recent TON Developments

TON has experienced significant activity in recent months, benefiting from its association with Telegram:

• In mid-March, Telegram introduced business accounts and hinted at a potential IPO, fueling positive market sentiment for TON.
• CEO Pavel Durov revealed Telegram's substantial revenue from advertising and subscription services, nearing profitability. Valuation estimates exceeding $30 billion and a surge in monthly active users further strengthened Telegram's position.
• A partnership between Telegram and TON on revenue-sharing from advertising demonstrates Telegram's robust support for TON.
• TON contract trading is now accessible on leading exchanges like Binance, with potential for spot trading in the future.
• 21Shares launched an exchange-traded product (ETP), TONN, on the SIX Swiss Exchange, pegged to Toncoin (TON), enhancing accessibility for investors.