Following a pilot season seeing exponential engagement, TON Foundation introduces new season promising 30 million Toncoin in rewards
TON Foundation announces the launch of the first season of The Open League, starting April 1st, 2024. This initiative aims to distribute 30 million Toncoin, valued today at over US$115 million, to competing projects and TON Ecosystem users. All Toncoin will be distributed through four systems targeting different levels of familiarity with crypto: The League, simple token mining mechanisms, airdrops and quests, and liquidity pool boosts.
In a pilot season, TON Foundation distributed 650k Toncoin, roughly US$2.6 million, to users via Liquidity Pool boosts and will share 550k Toncoin, roughly US$2.2 million, between the projects that win The League Pilot on March 31st. All this is being tracked on a live leaderboard on TON’s website. During the pilot, TON witnessed an approximate 70% increase in Total Value Locked (TVL) on its Decentralized Exchanges and an approximate 370% surge in daily active wallets.
The League is a KPI-based competition for TON projects to win a share of approximately US$15 million in Toncoin and for users to earn approximately US$100 million in Toncoin rewards by using TON projects.
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