Over the past few months, The Open Network (TON) project has become widespread*, with increased requests from various teams wanting to create apps and sponsor TON events. In response, the TON Foundation is announcing the launch of the Official Grants & Sponsorships Program, with 170M tokens to be allocated from the community reserve for this purpose.
Applicants will be able to apply through ton.org/grants or @tonfunding_bot in Telegram to participate in the program in the following areas:
- The grant program supports open-source projects that contribute to the public good and the advancement of the ecosystem.
- The sponsorship program supports community-building events and looks to sponsor contributors actively expanding the ecosystem via events, hackathons, training programs, and more.
- TON idea hunt seeks to receive input regarding potential improvement areas for the grant and sponsorship programs.
Applications will be reviewed on an ongoing basis, and the results regularly announced via the project’s official blogs.
“We are launching a program that will make it attractive for founders, strategic partners, and Web3 developers to build on TON. We hope that through these programs, builders and partners further advance the goal of mass adoption of blockchain in the daily lives of social network users. We look forward to seeing unique ideas from the community and supporting the ecosystem’s growth.”
— Justin Hyun, Head of Incubation at TON Foundation.
About The Open Network (TON)
The Open Network is a layer-1 proof-of-stake blockchain initially designed in 2018 by the Durov brothers, the founders of Telegram Messenger. Later, it was handed over to the TON community, which has been supporting and developing it ever since.
TON was designed for lightning-fast transactions. It is ultra-cheap, user-friendly, and fully scalable. Compared to other PoS layer-1 adopting or upgrading its sharding capabilities, TON boasts dynamic sharding and infinite sharding paradigms in its design. https://ton.org/analysis
The TON Foundation is a non-commercial group of supporters and contributors who help further grow the TON blockchain.
Media on TON:
— The TON Foundation announced the integration of crypto transfers using the Wallet bot with Telegram chats.
— Three African governments announced plans to integrate with the TON blockchain on the federal level, paving the way for the development of national stablecoins.
— TONcoin Fund committed $250 million to develop TON’s ecosystem. Some investors include Huobi Incubator, KUCOIN Ventures, MEXC Pioneer, 3Commas Capital, Orbs, TON Miners, and Kilo Fund.
SOURCE: The Open Network (TON)
