The TON project team recently announced The Open League season one, where the TON Foundation will distribute 30 million Toncoin. This competition offers a large prize pool, and starting on April 1, TON network users will receive rewards for their activity.

The competition consists of four systems sharing the total budget of 30 million Toncoin: league, token mining, quests, and distributions, along with increasing the liquidity pool. Any web3 project on TON can compete to enter the Minor League by showing significant traction, having a strong community, winning community votes, being a top hacker at hackathons, or excelling in the TON Accelerator.

Each season, two projects showing promising results will move from the Minor League to the Major League, while two projects with poor results will be transferred to the lower league. Winners can choose what to do with their winnings.

The launch of the latest TON initiative has resulted in the growth of the Toncoin (TON) project token. According to data from CoinMarketCap, the coin has seen significant growth, rising nearly 9% in the last 24 hours to $4.19 at the time of writing.

The growth of the Toncoin token is also driven by Pavel Durov’s initiatives, the creator of Telegram messenger, who is looking to monetize Telegram channels in cryptocurrency. Durov has announced measures to limit Telegram’s share in TON to around 10% of the total emission volume and plans to sell surplus TON reserves with tokens locked for up to four years.

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