The Telegram wallet will launch 50 types of tokens and promote a profit plan.

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5 hours ago

Source: Cointelegraph Original: "{title}"

The wallet on Telegram is a third-party cryptocurrency wallet mini-program on the Telegram platform, which is set to expand its cryptocurrency custody services by adding at least 50 new cryptocurrencies and launching a yield feature for users.

The Open Platform (TOP) is the largest startup incubator in the Open Network (TON) ecosystem, and the wallet on Telegram is one of its businesses. On March 13, TOP announced the launch of a new generation version of the wallet, bringing a series of new features.

A spokesperson for the wallet on Telegram revealed to Cointelegraph that with the launch of the new version, the wallet will add at least 50 new crypto assets, including mainstream cryptocurrencies like Ethereum (ETH) and Ripple (XRP), as well as meme coins like Dogecoin (DOGE) and Pepe Coin (PEPE).

Source: Wallet on Telegram

The new generation version of the wallet is expected to be launched within the next two months and will also introduce a "yield" feature, allowing users to earn yields from assets including Tether.

Initial launch limited to in-app trading

Initially, wallet users will be able to buy, sell, and hold non-TON tokens without the need for on-chain deposits or withdrawals, meaning that trading of altcoins to other wallets and exchanges is not allowed.

The wallet's spokesperson stated, "Currently, this phase of the version launch only supports in-app trading for non-TON tokens." They also added that altcoin options are only available for trading within the custody wallet. The spokesperson further stated, "We are primarily focused on the TON ecosystem and maintaining comprehensive operational functionality for TON native tokens within the custody wallet. At the same time, we see user interest in expanding their portfolios with other assets, so we hope to provide them with this option in a trading-only mode."

The spokesperson mentioned, "The token list has not been finalized yet, as it will be gradually rolled out over the next two months." They also added that the initial release will include 50 assets, and the complete list is currently being finalized.

Wallet's yield feature: Minimum deposit of 0.1 TON

In addition to expanding wallet functionality through a wide range of altcoins, TOP is also working to launch new "trading" and "yield" sections.

The first yield activity will start with TON, offering "flexible yields" for TON deposits, with a minimum deposit of 0.1 TON.

The wallet's spokesperson stated, "The yield comes from TON staking."

The announcement stated that in addition to TON, the wallet also plans to extend yield services to more altcoins and stablecoins, including Tether.

Related: Bitso believes that USDC and USDt stablecoins are "value storage" in Latin America.

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