The cryptocurrency wallet Mini App available on Telegram is set to broaden its custodial services by incorporating at least 50 new cryptocurrencies and introducing an earn feature for users.
The Open Platform (TOP), the largest venture builder within the TON ecosystem, which oversees this wallet as part of its portfolio, revealed plans for the next generation of the wallet on March 13, showcasing a variety of new functionalities.
This rollout will include the addition of at least 50 new crypto assets, featuring prominent cryptocurrencies like Ether (ETH) and XRP (XRP), alongside popular memecoins such as Dogecoin (DOGE) and Pepe (PEPE), according to a representative from the wallet.
Image from Telegram wallet
The new version of the wallet is expected to launch within the next two months, bringing along an “Earn” feature that enables users to earn yields on assets like Tether’s USDt (USDT).
Initial rollout limited to in-app transactions
Initially, users will only be able to buy, sell, and hold non-TON tokens within the app itself, which means that altcoin transactions to other wallets and exchanges will be prohibited.
A spokesperson for the wallet mentioned, “The current phase of the rollout is strictly for in-app transactions involving non-TON tokens,” emphasizing that the altcoin trading option will be exclusively available within the custodial wallet. The spokesperson elaborated:
“Our main focus is on the TON Ecosystem, and we ensure comprehensive operations for TON-native tokens within the custodial wallet. Meanwhile, we recognize the growing interest in diversifying the asset portfolio and aim to offer this capability in a trade-only format.”
“The list of tokens is not yet finalized, as it will be introduced progressively over the next two months,” the spokesperson added, noting that the initial release would include 50 assets, with the complete list now under finalization.
Wallet’s Earn: Minimum deposit is 0.1 TON
In addition to expanding the wallet’s selection of altcoins, TOP is also developing the new “Trade” and “Earn” sections.
The first Earn campaign, beginning with Toncoin (TON), will offer a “flexible yield” on deposits, requiring a minimum deposit of 0.1 TON.
“The yield will be derived from TON staking,” stated the wallet’s representative.
Alongside Toncoin, the wallet plans to expand its earn offerings to additional altcoins and stablecoins, including Tether’s USDt (USDT), according to the announcement.
This story is ongoing, and more updates will be provided as they become available.
Magazine: Mystery celeb memecoin scam factory, HK firm dumps Bitcoin: Asia Express