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💎 How to get grants at TON
Based to our survey, many of you showed tremendous interest following our announcements about TON FAM, and would like to know more. Today you will get a unique first-hand insight into the Toncoin Fund grant system.
Remember that the Toncoin Fund has 250 million Toncoins available. Justin Hyun and other meeting participants shared further plans on how the funds will be distributed.
The core idea
🎁 This strategic fund is designed for the long term, at least for a decade.
🎁 It works on the concept of "open challenge", whereby instead of handing out coins in advance or incubating teams, the Fund will pay for already completed projects.
For example, if you came up with a product that proved to be popular, useful for the ecosystem and needed by the users, you will receive a reward. The reward will not be handed out at once, but by reaching KPIs, so it's more like a gradual series of incentives.
🎁 Each year, the Fund must allocate a sufficient amount to foster the ecosystem's growth. Any remaining unallocated funds will be transferred to the following year.
In 2022, only about $100,000 was disbursed, which is not sufficient to fulfill the established goals. Therefore, next year we may see significant grants handed out for finished products.
In any case, it's a great incentive, so give it your best shot⚡️🙂
Yours truly, @DeepTonEng
By the way, if you want to receive more updates about the events of TON FAM, make sure to like, comment and share❓
Based to our survey, many of you showed tremendous interest following our announcements about TON FAM, and would like to know more. Today you will get a unique first-hand insight into the Toncoin Fund grant system.
Remember that the Toncoin Fund has 250 million Toncoins available. Justin Hyun and other meeting participants shared further plans on how the funds will be distributed.
The core idea
🎁 This strategic fund is designed for the long term, at least for a decade.
🎁 It works on the concept of "open challenge", whereby instead of handing out coins in advance or incubating teams, the Fund will pay for already completed projects.
For example, if you came up with a product that proved to be popular, useful for the ecosystem and needed by the users, you will receive a reward. The reward will not be handed out at once, but by reaching KPIs, so it's more like a gradual series of incentives.
🎁 Each year, the Fund must allocate a sufficient amount to foster the ecosystem's growth. Any remaining unallocated funds will be transferred to the following year.
In 2022, only about $100,000 was disbursed, which is not sufficient to fulfill the established goals. Therefore, next year we may see significant grants handed out for finished products.
In any case, it's a great incentive, so give it your best shot⚡️🙂
Yours truly, @DeepTonEng
By the way, if you want to receive more updates about the events of TON FAM, make sure to like, comment and share❓