Toncoin Surges 16% After TON Network Reveals New Identity Verification System
Portfolio Pulse from Murtuza Merchant
Toncoin (CRYPTO: TON) surged 16.5% to a new all-time high of $6.25 following the announcement of a new palm scanning identity verification system by the TON network. This growth is attributed to several factors including a new financial reward system for Telegram channel owners announced by Telegram founder Pavel Durov and a preliminary valuation of Telegram at $30 billion. The TON network, revived in 2022 as The Open Network, has introduced this palm scanning initiative in partnership with AI company HumanCode, offering a privacy-focused method of identity verification.
April 08, 2024 | 6:49 pm
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Toncoin surged 16.5% to a new all-time high of $6.25 following the announcement of a new palm scanning identity verification system by the TON network.
The surge in Toncoin's price can be directly attributed to the announcement of a new palm scanning identity verification system, which has likely increased investor confidence in the TON network's innovation and potential for mass adoption. Additionally, the recent positive developments around Telegram, associated with the TON network, have further bolstered investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100