Tomarket, one of the leading players in the Telegram gaming ecosystem, has passed an important milestone by increasing its user base to over 40 million.
This milestone comes just days before the network’s Token Creation Event, or airdrop, which will allow users to convert their coins into fiat currencies. TGE will take place on October 31st and will only be open to users who have a tomato emoji and have reached the bronze level.
Tomarket has seen strong growth thanks to the popularity of Telegram games and win-win games. It surpassed 1 million users five days after its launch in July. Miles, one of the main participants of the network, said in his statement:
TGE is just the beginning. With $TOMA, we don’t just launch a token; We create an integrated ecosystem that puts users first. Our mission is to deliver long-term value through innovative solutions.
Tomarket is similar to other leading players in the Telegram ecosystem such as Hamster Kombat, TapSwap and Notcoin. It allows users to accumulate points by collecting Tomato points through drops, farming, and referrals.
Tomarket’s growth is driven by the growing popularity of Telegram mini-games and the large total addressable market as Telegram has over 900 million users. Additionally, the developers have partnered with 200 special ambassadors who promote the network. They also collaborated with Bitget Wallet.
Tomarket and other Telegram games gained popularity
Like other Telegram games, Tomarket has built a huge fan base, with a YouTube channel with over 2.5 million subscribers and an X profile with 887,000 followers.
The token creation event follows airdrops from other major players in the Telegram ecosystem.
Hamster Kombat (HMSTR), the largest player in the industry with more than 300 million users, launched its token in September. It fell from $0.01 to $0.003 and its fully diluted valuation reached $348 million.
Notcoin (NOT) was the first company to launch its token in April with an opening price of $0.0074. It rose to $0.023 and then dropped to $0.0080, giving it a market cap of $791 million. Other publicly traded Telegram tokens such as PixelVerse and Catizen (CATI) also experienced double-digit declines.