💎 The Evolution of TON Foundation’s Priorities
TON Foundation has consistently experimented with various approaches to boost its ecosystem, adapting strategies to meet the changing demands and goals of attracting new users.
⚫️ Spring 2024: The ecosystem was thriving—TON token prices surged, the clicker game genre was revived, and The Open League awarded generous prizes: $2.8M in the first season and $3.275M in the second.
⚫️ April Hackathon: TON Foundation launched The Open League Hackathon with a prize pool of $2.28M.
An additional 11M TON was allocated to boost TON/USDt pools, pushing the ecosystem’s TVL to a peak of $770M.
⚫️ Shift to DeFi: In the fall, Hackers League Hackathon was introduced with $3M in prizes.
Expenditures for The Open League were cut back: now rewards are mainly for marketing campaigns and audits.
The token competition transformed into TON Memelandia, focusing on the growth of memecoins.
⚫️ Grants for Meme Pads: Yesterday, it was revealed that $5M in grants would be allocated to support meme pads — exceeding the combined rewards of The Open League’s sixth season and TON Memelandia.
🔝 What Does This Mean?
The evolving reward dynamics highlight TON Foundation’s pursuit of optimal strategies.
In some cases, funding comes directly from the Foundation, while in others, venture funds step in.
The ultimate goal remains: attract and retain users within the ecosystem.
🤑 TON Insider 🤑
TON Foundation has consistently experimented with various approaches to boost its ecosystem, adapting strategies to meet the changing demands and goals of attracting new users.
⚫️ Spring 2024: The ecosystem was thriving—TON token prices surged, the clicker game genre was revived, and The Open League awarded generous prizes: $2.8M in the first season and $3.275M in the second.
⚫️ April Hackathon: TON Foundation launched The Open League Hackathon with a prize pool of $2.28M.
An additional 11M TON was allocated to boost TON/USDt pools, pushing the ecosystem’s TVL to a peak of $770M.
However, as soon as rewards dried up, users withdrew funds, chasing higher APRs elsewhere.
⚫️ Shift to DeFi: In the fall, Hackers League Hackathon was introduced with $3M in prizes.
Expenditures for The Open League were cut back: now rewards are mainly for marketing campaigns and audits.
The token competition transformed into TON Memelandia, focusing on the growth of memecoins.
⚫️ Grants for Meme Pads: Yesterday, it was revealed that $5M in grants would be allocated to support meme pads — exceeding the combined rewards of The Open League’s sixth season and TON Memelandia.
However, only platforms with ready solutions are eligible for these grants, signaling a shift in TON Foundation’s focus towards commercially viable projects.
🔝 What Does This Mean?
The evolving reward dynamics highlight TON Foundation’s pursuit of optimal strategies.
In some cases, funding comes directly from the Foundation, while in others, venture funds step in.
The ultimate goal remains: attract and retain users within the ecosystem.
🤑 TON Insider 🤑