The Open League: TON Society’s New Crypto Initiative
TON Society has introduced The Open League, an incentive program aimed at the TON community. The goal is to attract and retain new users in the TON Web3 ecosystem on Telegram. Over the next five years, up to 100 million Toncoins will be distributed, as part of TON Foundation’s plan to engage 500 million Web3 users by 2028. The Open League pilot season has begun with five projects and a total user base of over 12 million. These projects, including Wallet, tApps Center, GetGems, Notcoin, Egg Fight Club, and Fanton, will provide a simplified Web3 experience to make it accessible to everyone.
Community Involvement with Soul Bound Tokens
During the pilot season of The Open League, participants will complete activities in the TON Web3 ecosystem on Telegram and earn Soul Bound Tokens (SBT) as rewards. Users can then earn experience points (XP) off-chain, which are supported and redeemable through TON. SBTs act as collectibles and lottery tickets for a weekly XP draw, establishing reputation on the chain to identify real users. This unique approach solves the challenge of incentivizing genuine user engagement in Web3 projects on TON.
An Innovative Approach to Engaging the Blockchain Community
The Open League leverages the speed and scalability of TON to offer tangible incentives to Telegram’s extensive user base. It aligns incentives with viral user growth in TON-based applications. This initiative creates an environment where members of the TON community are constantly rewarded for their commitment to the ecosystem, combining fun, ease of use, and meaningful gratification for users.
Brief Focus on the Price of Toncoin
Toncoin (TON) has faced challenges in surpassing the key resistance at $2.13, indicating the need for more favorable momentum. Despite a bounce to $2.12, the resistance remains. The market capitalization of TON and trading volume have increased, reflecting growing interest and activity in the TON market. This suggests the possibility of further price volatility as investors actively trade TON.
Hot Take: The Open League Revolutionizes Crypto Engagement on TON
The Open League by TON Society introduces an exciting and innovative approach to engage the blockchain community. By providing tangible incentives and a simplified Web3 experience, it aims to attract and retain users in the TON ecosystem. Through activities and rewards like Soul Bound Tokens, users are actively involved in shaping the future of Web3. Although Toncoin faces resistance in price growth, the increasing market capitalization and trading volume indicate a growing interest in TON. With The Open League, TON Society is revolutionizing crypto engagement and creating a dynamic environment where users are constantly rewarded for their commitment.
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