VKontakte is the most popular social media platform in Russia founded by Pavel Durov, and it is ranked as the third most popular website in Russia. RNS, the local news, reported that they obtained a presentation from VKontakte that shows some new functions based on the token. A user of VKontakte would receive tokens for spending more time on the social media platform.

VK Pay is a cashless money transfer service that allows sending money in messages. The service was launched in June 2018.

Pavel Durov is also a co-founder of Telegram, a private and secure messaging service. Telegram is a must-have app for crypto traders and enthusiasts. Telegram’s ICO last year aimed for 1.7 billion USD during its funding.

At the beginning of this year, some sources claimed that Facebook is planning its cryptocurrency.