The TON Foundation has announced the launch of The Open League — a 30 million toncoin community rewards initiative.
The TON Foundation, a non-commercial group of contributors behind The Open Network blockchain, has launched the first round of a Toncoin community rewards initiative named The Open League, valued at more than $115 million at current prices.
The TON Foundation has already distributed 650,000 Toncoin to users via liquidity pool boosts as part of the pilot, with projects winning the pilot competition on March 31 set to share 550,000 Toncoin , according to a statement shared with The Block. “The Open League's pilot season has shown our community is ready to have some fun," TON Foundation Marketing Director Jack Booth said. “Crypto doesn’t have to be complex; it can and should be easy, fun, and highly rewarding. With The Open League, we’re taking a different approach to ecosystem growth by actually putting crypto in every pocket.
Simple token mining mechanisms have been employed by TON-based projects like Notcoin on Telegram, with Open League participant projects encouraged to create the same to introduce their tokens to new crypto users on the social media and messaging platform.
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