​TON Society announces the TON Liquidity Award Program (LAP) | TON Community

​TON Society announces the TON Liquidity Award Program (LAP)

TON Society, a platform acting as a beacon where developers and funding come together to endorse and promote various projects on TON, has announced the TON Liquidity Award Program. The $14-million initiative (payable in TON) aims to attract projects to increase the network’s total value locked (TVL).

More specifically, the program hopes to kickstart a healthy competition among teams building DEXs, bridges, and DeFi protocols. The total award amount would sufficiently incentivize both small and large teams to build and apply for the program.

Detailed LAP description and example is provided under TON Society’s GitHub announcements. Questions/comments/feedback are welcomed and will be accepted until Aug 19. Teams can leave comments under the “Issues” section (please label your message with “Liquidity Award Program”).

GitHub program description: https://github.com/ton-society/grants-program/blob/main/announcements/liquidity%20award%20program.md

GitHub Issues section (for questions/comments/feedback):
https://github.com/ton-society/grants-program/issues

The official date of the program launch (which starts the 1-year window) is yet to be determined.