Wallet in Telegram to list 50 tokens and launch yield program

Wallet in Telegram, a third-party cryptocurrency wallet Mini App on Telegram, is set to expand its custodial crypto services, 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, which manages Wallet in Telegram as one of its portfolio businesses, announced the rollout of the next wallet generation on March 13, introducing a wide range of new features.

With the rollout, Wallet in Telegram will add at least 50 new crypto assets, including major cryptocurrencies such as Ether (ETH) and XRP (XRP), as well as memecoins like Dogecoin (DOGE) and Pepe (PEPE), a spokesperson for Wallet told Cointelegraph.

Wallet’s new generation is set to be rolled out within the next two months and will also introduce an “Earn” feature, which will allow users to gain yields on assets including Tether’s USDt (USDT).

Initial rollout limited to in-app transactions

Initially, Wallet users will be able to buy, sell and hold non-TON tokens without onchain deposits or withdrawals, meaning altcoin transactions to other wallets and exchanges will not be allowed.

“The current stage of the rollout is only available for in-app transactions for non-TON tokens,” Wallet’s spokesperson said, adding that the altcoin option is only available for trading within the custodial wallet. The spokesperson added:

“We focus primarily on the TON Ecosystem and maintain a full range of operations for TON-native tokens within the custodial Wallet. At the same time, we see consumer interest in expanding the portfolio with other assets and want to provide them with such an option in trade-only mode.”

“The list of tokens is not final yet, as it will be rolling out gradually within the next two months,” the spokesperson said, adding that the first release will feature 50 assets, with a full list now being finalized.

Wallet’s Earn: Minimum deposit is 0.1 TON

In addition to expanding Wallet with a large number of altcoins, TOP is working to introduce the new “Trade” section and the “Earn” section.

Starting with Toncoin (TON), the first Earn campaign will provide a “flexible yield” on TON deposits, with a minimum deposit amount of 0.1 TON.

“The yield is generated from TON staking,” the spokesperson for Wallet said.

In addition to Toncoin, Wallet plans to expand the earn offering to more altcoins and stablecoins, including Tether’s USDt (USDT), the announcement stated.

This is a developing story, and further information will be added as it becomes available.

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