BeInCrypto’s editorial team spoke with TON’s ecosystem support lead, Alena Shmalko, about how the Open League works and what regular users need to know to get the most out of participating in the program
The Open League is a program created by the TON Foundation. Its main goal is to support and incentivize projects and users participating in The Open Network ecosystem.
BeInCrypto’s editorial team investigated how developers plan to develop TON and what future experts predict for the project.
What is The Open League on TON
The Open League program launched on TON in March of this year. It targets both development teams in The Open Network ecosystem and its users.
The League’s structure is simple. All projects are divided into several categories, including:
- Decentralized Finance (DeFi) protocols;
- Decentralized applications (dApps);
- NFT projects.
The Open League is divided into seasons. Each season lasts four weeks. During these seasons, project creators and their users compete for rewards that can reach millions of dollars.
“We also have a separate League chat where representatives from all projects communicate and share feedback,” Alena added.
In previous seasons, TON also separately rewarded tokens for projects that made it into the top 10 at the end of the season. The best teams received rewards for liquidity providers in pools with their tokens on decentralized exchanges (DEX), which totaled more than $1 million each season.
Read the exclusive interview with Alena Shmalko to learn how the TON Foundation plans to attract 500 million users to Web3.
Sixth Season of The Open League and New Airdrop Plan
The sixth season of the League is currently underway. The TON blockchain team has allocated $1.2 million in Toncoin — the network’s native token — for it. According to Alena Shmalko, this season differs from the previous five.
“We’re conducting many experiments, trying to arrive at some ideal formula […] Initially, it looked more like a competition between projects, where the main beneficiaries were the projects themselves. They received direct prizes from us. […] From the sixth season, we
Go to Source to See Full Article
Author: Dirk van Haaster
