Wallet in Telegram to list 50 tokens and launch yield program

Wallet in Telegram, a third-party cryptocurrency mini-app within the Telegram platform, is expanding its custodial crypto services. This expansion includes adding at least 50 new cryptocurrencies and launching an "Earn" feature for users.

The Open Platform (TOP), the largest venture builder in The Open Network (TON) ecosystem and manager of Wallet in Telegram, announced this next-generation wallet rollout on March 13th, highlighting a range of new features.

A spokesperson for Wallet told Cointelegraph that the rollout will add at least 50 new crypto assets. This includes major cryptocurrencies like Ether (ETH) and XRP, as well as memecoins such as Dogecoin (DOGE) and Pepe (PEPE).

Source: Wallet in Telegram

The new generation of Wallet is slated for release within the next two months and will introduce an "Earn" feature, allowing users to generate yields on assets, including Tether's USDt (USDT).

Initial Rollout: In-App Transactions Only

Initially, Wallet users can buy, sell, and hold non-TON tokens within the app. However, on-chain deposits and withdrawals will be unavailable. This means transactions involving altcoins to external wallets or exchanges are currently prohibited.

"The current rollout is limited to in-app transactions for non-TON tokens," the spokesperson clarified, emphasizing that altcoin options are restricted to trading within the custodial wallet. They further explained:

"Our primary focus is the TON Ecosystem, where we maintain a full range of operations for TON-native tokens. Simultaneously, we recognize user interest in expanding their portfolios with other assets and aim to provide this option in a trade-only capacity."

The spokesperson noted that the final list of supported tokens is still being finalized, with a gradual rollout over the next two months. The initial release will feature 50 assets.

Wallet's Earn Feature: Minimum 0.1 TON Deposit

In addition to expanding altcoin support, TOP is developing new "Trade" and "Earn" sections.

The initial "Earn" campaign will focus on Toncoin (TON), offering flexible yields on deposits with a minimum of 0.1 TON. The spokesperson stated that these yields are generated through TON staking.

Future plans include expanding the "Earn" feature to other altcoins and stablecoins, including Tether's USDt (USDT).

This is a developing story, and further updates will be provided as they become available.