Users and developers alike will be able to claim a share of 30 million TON in incentives.
The Open Network Foundation, which develops the namesake blockchain that powers Telegram’s new advertising platform, will allocate 30 million Toncoin (TON) tokens, worth $115 million at the time of publication, for community rewards.
According to the March 20 announcement, the incentives will be allocated to four areas: $38 million for token mining and user incentives, $22 million for airdrops, $15 million for The League developer ecosystem, and $40 million for liquidity pool boosts. "Starting April 1, in 1 month seasons, TON Foundation will distribute 30 million Toncoin, roughly equivalent to $115 million," developers wrote, adding: "4 systems will help us distribute all that Toncoin, and show the simple conversion path from humble Telegram user to on-chain CHAD."
During an initial pilot season, the TON Foundation distributed 650,000 TON ($2.6 million) to users via Liquidity Pool boosts and will share 550,000 TON ($2.2 million) between the projects that win The League Pilot on March 31. “The Open League’s pilot season has shown our community is ready to have some fun," commented Jack Booth, Director of Marketing at TON Foundation.
