The TON Foundation, responsible for the development of the TON blockchain, has announced a groundbreaking community rewards program. This program aims to distribute 30 million Toncoin (TON), valued at an impressive $115 million, starting from April 1, 2024 .
See more: Toncoin Price | TON Price Index, Live Chart and USD Converter
Allocation Breakdown
The foundation has thoughtfully divided the incentives into four key areas:
- Token Mining and User Incentives: A whopping $38 million will be allocated to encourage active participation in the TON ecosystem.
- Airdrops: An additional $22 million will be distributed through airdrops, ensuring that more users benefit from this initiative.
- The League Developer Ecosystem: The TON Foundation has earmarked $15 million to support developers and foster innovation within The League.
- Liquidity Pool Boosts: Finally, $40 million will be dedicated to enhancing liquidity pools and promoting a robust ecosystem.
Read more: How TON Coin Is Building the Future of Decentralized Infrastructure
The Path from Telegram User to On-Chain CHAD
The TON Foundation is committed to simplicity. They’ve designed four systems to facilitate the distribution of Toncoin. These systems will guide users along the path from humble Telegram users to on-chain CHADs (a playful term for successful participants in the TON ecosystem) .
During the initial pilot season, the TON Foundation already distributed 650,000 TON (equivalent to $2.6 million) through Liquidity Pool boosts. Additionally, 550,000 TON (approximately $2.2 million) will be shared among the winning projects of The League Pilot on March 31.
Read more: How Toncoin (TON) Powering the TON Ecosystem
Telegram Ad Platform and TON Blockchain
The TON blockchain, initially developed by Telegram, now powers the Telegram Ad Platform, which officially went live in March 2024. This platform enables Telegram channel owners worldwide to receive financial rewards by exclusively selling advertising and sharing revenue in TON. With over 900 million users globally, Telegram is the world’s fourth-largest messaging app.
As the TON Foundation continues its mission to empower the community, the future looks bright for Toncoin and its growing ecosystem. Stay tuned for more updates!
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