Crypto news: TON Society presents The Open League, an incentive program designed to distribute up to 100 million Toncoin. The pilot season of the projects includes Wallet, tApps Center, Notcoin, Egg Fight Club, GetGems, and Fanton.
Let’s see below all the details.
The new crypto initiative by TON society: The Open League
As anticipated, TON Society has officially announced The Open League, an incentive program dedicated to the TON community.
The goal of the Open League is to attract and retain new users in the TON Web3 ecosystem on Telegram.
In the next five years, the initiative will see the allocation of up to 100 million Toncoins, representing a key move for the TON Foundation in its goal of engaging 500 million users in Web3 by 2028.
In November 2023, Wallet, the integrated TON wallet on Telegram, has started a global rollout for over 800 million monthly active users outside the United States.
Even though it puts the wallet in the hands of millions of users, The Open League is TON Society’s strategy to actively engage this user base on the blockchain.
The pilot season of the Open League officially kicked off today, presenting itself as a three-month initiative concluding with a one-month blackout.
This initial phase involves five projects with a total user base of over 12 million.
Among the included projects we find Wallet, tApps Center, GetGems, Notcoin, Egg Fight Club, and Fanton. These projects will offer a Web3 onboarding experience focused on simplicity, making use cases accessible to everyone.
The tApps Center will provide a familiar interface to explore all the applications on TON and Telegram. Notcoin will offer users the opportunity to earn by tapping, while GetGems will allow them to understand and own their first collectible items.
Finally, Fanton will help users connect their wallets to tApps, recharge them, and earn tokens through an easy fantasy football game.
Community involvement: Open League and Soul Bound Tokens
During the inaugural Pilot Season, participants will immerse themselves in the Open League by completing activities in the TON Web3 ecosystem on Telegram.
Initially, they will earn Soul Bound Tokens (SBT) as a reward for their activities. Once they have collected the initial SBT, users will have the opportunity to earn experience points (XP) off-chain, supported and redeemable through TON.
The SBT, collectible, act as lottery tickets to participate in a weekly XP draw, creating reputation on the chain to identify real users.
This innovative dynamic effectively solves the common challenge of incentivizing real users in many Web3 projects on TON.
The Open League represents an innovative approach to engaging the blockchain community, leveraging the distinctive advantages of TON, as stated:
“With the speed and scalability of TON, the Open League offers tangible incentives to Telegram’s vast user base, demonstrating the potential of aligning incentives with viral user growth in TON-based applications.”
In conclusion, the Open League creates an environment where members of the TON community are constantly rewarded for their commitment to the TON ecosystem.
A vision of Web3 that combines fun, ease of use, and meaningful gratification for users.
Brief focus on the price of Toncoin
Toncoin (TON) has recently experienced difficulties in overcoming the key resistance at $2.13, highlighting the need for a more favorable momentum.
During the previous day, the price dropped to $2,1067 after failing to surpass the initial resistance at $2,126.
Despite the subsequent bounce to $2.12, the resistance persists at $2.13, suggesting that an additional momentum may be needed for a significant price increase.
The bulls were able to reverse the crash and bring the price back to $2.12, but the persistent resistance indicates the need for further positive pushes.
The market capitalization of TON and the trading volume in the last 24 hours have recorded an increase of 0.63% and 2.05%, respectively, reaching 7,371,116,635 dollars and 14,133,358 dollars.
These data reflect a growing interest and activity in the TON market, indicating the possibility of further price volatility as investors continue to actively trade TON.
