TON, the decentralized network known for fostering blockchain innovation, has officially unveiled its new initiative: the Open League (OL) Funding Scheme. To quote the founders, this program is intricately tailor-made to offer greatly needed assistance to the developers and entrepreneurs belonging to the Web 3 sector; as a result, it focuses on areas such as decentralized finance (DeFi) and decentralized applications (dApps). The Open League is made for the purpose of facilitating the speeding up of the application and conducting research in these domains via financial assistance and resources supplied by it.
Criteria and support details
Generating a Return with TON does not give us random support; we receive a carefully calculated aid taking into account our specific strategy that is aimed at strengthening the business. These important metrics can be derived from us being present in other blockchain networks TVL (Total Value Locked) among others, the team’s proficiency and track record relating to the project are as well very fundamental factors as they indicate of the project viability and potential to impact the ecosystem.
So as to determine if the project would be eligible for funding with TON, these factors are taken into consideration, to ensure that the project has strong foundations and a clear route of progress that has the potential to create major breakthroughs in the blockchain space.
By far the most remarkable fact about our Open League DeFi Funding Scheme is that we bring real and substantial financial support. Prototype or Deploy Projects can be granted from $480,000 to $530,000 and that’s already a large amount of money comparing to any other competitive funds. This type of loyalty not only assists in increasing the capital needed for expansion and development of the technology’s offerings but also sends a signal to the community that TON is actively working on building a community of blockchain application providers. It is anticipated that this scheme will be generously populated by various venture proposals that hope to capitalize on this chance for their projects’ growth and maturation.
Conclusion
TON’s Open League DeFi Funding Scheme is a revolutionary effort to invest in stabilizing the Web3 space by making massive contributions and providing assets to top projects in the DeFi and dApps line-ups. What way TON plans to do that by choosing recipients based on strict standards is to create innovations and have ground breaking developments in the blockchain industry. This initiative proves that TON really cared about helping the following generation build their career in the ambit of blockchain transferring system, thereby securing a place for itself as an important player in the continuous evolution of decentralized protocols.
Note: This news has been directly Sourced from Ton
