The current trend of games that offer users their tap-to-earn mechanism for obtaining digital tokens easily is stimulating not only the user adoption of TON (The Open Network) but also TON’s price appreciation. These games that engage gamers in simple and attractive gameplay and then reward users for their activity are growing in popularity pretty fast, offering users an easy method of expanding their crypto portfolio.
Brief history of TON
TON (The Open Network) coin appeared originally as Telegram Open Network. The idea of TON was created by founders of the popular Telegram app – brothers Pavel and Nikolai Durov, in 2017. They wanted to come up with a decentralized blockchain platform which would provide support for new generations of crypto and dapps.
The following year, Pavel Durov launched an initial coin offering (ICO) for TON. He managed to raise an astounding $1.7 billion thanks to private investors stepping in. However, in 2019, the US Securities and Exchange Commission (SEC) pressed charges against Telegram, claiming that the ICO was nothing but an offering of unregistered securities.
In 2020, Telegram made a public statement that it was no longer involved with TON, promising to return all the $1.7 billion to the investors. Still, developers from the Telegram community picked the left project and rebranded it as The Open Network (TON). The continued to develop it, making it independent of Telegram.
Tap-to-earn games fueling TON expansion and price
Tap-to-earn games, such as Notcoin, Hamster Kombat, etc, are having a positive impact on TON in several major ways.
First, they greatly increase TON interest and engagement with users. This type of smartphone games have easy and attractive gameplay and are highly engaging. These games, since they are based on Telegram, have adopted TON as a token for paying rewards to players. Therefore, they attract a massive number of users who would hardly have any interaction with cryptocurrencies otherwise.
This greatly increases the demand for TON since gamers want to earn it and use these tokens within gaming ecosystems. This way, these games are also increasing TON’s user base as they bring down the barrier to entry of these games based on crypto awards. The TON community keeps expanding thanks to this, growing into a more robust and resilient network.
Second, these games enhance TON utility. It increases within these gaming platforms thanks to their expansion and popularity. In these tap-to-earn games, TON coins can buy you in-game items, unlock various cool and premium features, or buy their way of participating in top-notch events.
TON utility and community expansion
Thanks to this, the demand for TON is rising quickly and the higher its utility is within games, the higher are the odds of the TON price increasing too. Besides, with more gamers actively using TON, more developers come over to build their tap-to-earn games and other apps that will need TON as their blood and this further increases the coin’s value and demand for it. This is another prerequisite for the TON price to increase in the near future.
Third, Telegram-based games help to expand the TON community and ecosystem in general. TON’s utility that comes from its token fueling games makes users get deeper involved in its network. Active members of the TON community then begin advocating for TON, take part in governance and help to develop new projects. There is nothing but bonuses from a vibrant and highly engaged community for TON’s value and its success in the long run.
The fourth major benefit for TON is that tap-to-earn games increase its investment appeal level. While the popularity and utility of TON are increasing, this coin catches the eye of both retail and institutional investors. More and more people are beginning to recognize TON’s potential in the gaming sector and this raises the likelihood of their investing in this coin, further driving its market value up. Besides, TON is making various strategic partnerships with game developers and this enhances its reputation, along with TON’s market position, turning the coin into an attractive investment option.
Another big advantage drawn by TON from tap-to-earn games is that they help it to stand out in the market among tons of other cryptocurrencies. While Bitcoin, Ethereum and many other cryptos mostly serve as trading tools or for storing value, TON is focused on practical gaming apps. This can also attract a certain segment of investors who would make a big contribution to the growth and price rise of TON.
Overall, the trend created by tap-to-earn Telegram-based games is giving a major boost to TON’s growth, utility, and price appreciation. These games are driving up the demand for this token, expanding the user base, increasing engagement with users and creating a strong vibrant community. While TON keeps gaining traction in the gaming space, its market price is likely to keep seeing a stable growth, making TON a compelling asset to invest in. Currently, TON occupies the 8th position among the coins with the highest market cap and is trading above $7.
