The Open League incentives start today Today marks the begin | TON Community
The Open League incentives start today
Today marks the beginning of The Open League incentives, with up to 1 million Toncoin (TON) set to be distributed to TON Community this month. Following the successful launch of Web3 quests aimed at introducing new users to various Web3 projects, liquidity pools for selected TON-based project tokens on DeDust and STON.fi will be boosted with Toncoin rewards.
The boost has already begun and will run until April 1, 2024. Projects that show the most traction in terms of Total Value Locked (TVL), highest utilization rates, daily active wallets, and transaction numbers will receive continuous boosts throughout March. The best projects will receive additional Toncoin awards on April 1, 2024, for their performance.
Meet the Open League contenders:
$STON - STON.fi
$SCALE - DeDust
$JNANO - Tonano
$PUNK - TON Punks
$FNZ - Fanzee
$MC - Tap Fantasy
$UP - TonUP
$RAFF - Ton Raffles
$ARBUZ - Arbuz
$GRAM - Gram
$JETTON - JetTon
How to participate:
DYOR: All selected projects have demonstrated growth and demand, qualifying them for reward distribution. However, liquidity pools carry inherent risks, and it's crucial to fully understand these before participating.
Provide liquidity: To join, you'll need tokens from both sides of the pool. Swap your Toncoin for your chosen project's token and deposit equal amounts into the pool.
Monitor your position: Reward amounts are subject to change, so monitoring the health of your position is vital. Be aware of impermanent loss, especially if the value of one side of your pool becomes highly volatile.
Earn: Rewards will be distributed automatically based on your pool share size. The larger your share, the greater your rewards.
Get started on DeDust or STON.fi.
Stay tuned to this channel for the latest updates, as reward distributions are subject to rapid changes. For more details. check out this blog post.
