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Home»DeFi»$1.5M Airdrop, New Challenges and Full Focus on DeFi
DeFi

$1.5M Airdrop, New Challenges and Full Focus on DeFi

November 30, 2024No Comments4 Mins Read
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Editorial note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be construed as financial advice. Please do your own research before making any investment decisions.

The Open League returns with its highly anticipated seventh season, propelling the competition to new heights by putting DeFi in the spotlight, with the participation of more than 20 promising teams.

The new season is expected to revolutionize the TON ecosystem by fostering innovation, increasing user engagement, and offering unprecedented rewards.

Since its beta launch in March 2024, Open League has taken the TON ecosystem to new heights, with 83 projects attracting nearly 4 million on-chain users in the previous season.

Building on this momentum, Season 7 sets its sights on DeFi, suspending the App and NFT leagues to fully focus on the decentralized finance landscape.

Open League Season 7 Highlights

Open League Season 7 highlights include:

  • $1.5 million airdrop: TON users can earn a share of the New Year airdrop by providing liquidity and trading, across 20+ DeFi protocols.
  • Spotlight on the DeFi League: A platform for early-stage DeFi projects to compete and drive growth in total value locked (TVL) and trading volume on the TON blockchain. New and old teams will compete for $100,000 in Adsgram credits and audit sponsorships for the top performers.
  • Chronology: The action starts today, November 27, 2024and continues until the end of the competition December 17, 2024.

$1.5M New Year Airdrop for TON Users

This season, users can maximize rewards by actively engaging in TON’s vibrant DeFi ecosystem. By performing targeted actions such as providing liquidity or trading through participating protocols, users will create their DeFi scores. Awards will be based on these scores, with the eligibility threshold announced at the end of the season.

Participants can track their scores via a real-time leaderboard and explore a catalog of eligible DeFi protocols on the TON Society website. To participate, users must:

  • Get your DeFi badge
  • Participate in the catalog of eligible DeFi protocols by providing liquidity or making trades.

At the end of Season 7, eligible wallets will receive rewards based on their DeFi score, showcasing their contributions to the TON DeFi ecosystem.

The DeFi League: battle of the innovators

Designed to nurture early-stage TON DeFi protocols, the DeFi League divides competitors into two distinct categories:

  • TVL Team: Ranking of teams by total value locked (TVL).
  • Volume Team: Highlighting contributors to trading volume.

In addition to the $100,000 Adsgram credit pool, top-performing teams will have their audit costs covered, an important step in ensuring the security and reliability of the project before wider adoption.

Dive into YOUR DeFi

Whether you’re a TON user eager to reap rewards or a project vying for top spot, Open League Season 7 offers something for everyone. Start interacting with TON DeFi Protocols today to claim your share of the $1.5 million airdrop and make your mark in the most dynamic DeFi competition yet.

For more information on Open League Season 7, how to participate and event details, users can visit the drop page here and the draft leaderboard here.

About TON

The Open Network Society (TON Society) is a grassroots movement that supports the TON Blockchain community by providing opportunities to connect, contribute, and tell their stories on-chain. Currently active in nine global event centers in Asia and Europe, over 50 global and local TON channels and organizing TON’s largest community events including TON Gateway and Hackers League. TON Society members can build reputation on-chain by participating in events or completing activities. The more involved users are, the more badges they will collect on-chain.

To learn more about TON Society, please visit Society.ton.org or follow their X account.

Disclaimer

This article contains a press release provided by an external source and does not necessarily reflect the views or opinions of BeInCrypto. In accordance with the Trust Project guidelines, BeInCrypto remains committed to providing transparent and unbiased reporting. Readers are advised to verify the information independently and seek professional advice before making any decisions based on the contents of this press release. Please note that our Terms and Conditions, Privacy Policy and Disclaimer have been updated.



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