Exciting Distribution Plan by Ton Foundation: A Game-Changer for TON Ecosystem
Today, on March 20th, Toncoin Foundation made a significant announcement regarding its distribution plan, which indicates a major development for the TON ecosystem. Following this announcement, there has been a renewed interest among investors in Toncoin, leading to a notable 10% surge in the price of TON coin.
Ton Foundationโs Distribution Plan Announcement ๐
Ton Foundation has revealed its plan to distribute 30 million Toncoin, valued at $115 million, through its Open League initiative on its official blog page. This distribution plan is part of The Open League Season 1, set to begin on April 1, with the goal of enhancing engagement and participation within the TON ecosystem while incentivizing Ton-chain users and TON projects.
- The Open League initiative aims to distribute 30 million Toncoin, equivalent to $115 million, starting from April 1st.
Key Components of The Open League Initiative ๐
The Open League initiative consists of four main systems that are designed to promote community rewards and project growth:
- The League: A competition among Ton projects with a $5 million Toncoin prize pool to encourage innovation and collaboration
- Token Mining: A system for amateur users to earn rewards through project-specific activities and referral programs
- Quest and Rewards: Geared towards โDegen Dabblersโ for on-chain activities and quest participation to earn Soul Bound Tokens and airdrops
- Liquidity Pool Boosts: Enhanced rewards for providing liquidity to designated pools to strengthen Toncoinโs ecosystem
Market Response ๐
Following the announcement of Ton Foundationโs distribution plan, Toncoin has experienced a 10% surge, showcasing investor confidence in the initiativeโs ability to boost community engagement and project growth. Presently, Toncoin is being traded at $4.26, with a trading volume of $179.36 million.
Hot Take: Toncoinโs Bright Future Ahead! ๐
This distribution plan by Ton Foundation marks a significant milestone for the TON ecosystem, offering exciting opportunities for users and projects. With the surge in Toncoinโs price and investor interest, the future looks promising for Toncoin. Stay tuned for further updates on this game-changing initiative!
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