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November 25, 2024

TON Society To Host The Open League New Year Special Edition With $1,5M Airdrop For Users

In Brief

TON Society is preparing for The Open League New Year Season 7, which will feature an airdrop for DeFi users and a competitive yet friendly environment for emerging DeFi projects.

TON Society To Host The Open League New Year Special Edition With $1,5M Airdrop For Users

A community of hubs contributing to The Open Network (TON) ecosystem, the TON Society, announced plans for a fully integrated decentralized finance (DeFi) experience in 2025, set to launch in The Open League New Year Season 7. The season will feature a large airdrop for DeFi users and a competitive yet friendly environment for emerging DeFi projects. The initiative will begin on November 27th and run until December 17th.

In Season 7, TON users are invited to participate by providing liquidity and trading across more than 20 DeFi projects while also farming rewards from the Open League New Year airdrop. To take part in the airdrop, users must obtain a DeFi badge on the TON Society website—following the same process as in Season 6—and begin increasing their DeFi Score by engaging with protocols listed in the TON DeFi catalog.

Each qualifying action within these projects, such as providing liquidity or completing a minimum trade amount, will contribute points to the user’s DeFi Score. The number of points awarded for each action may vary depending on the project. Once the campaign launches, the full list of DeFi protocols and their corresponding point allocations will be available on the airdrop page of the TON Society website.

Users can track their progress on the DeFi leaderboard throughout the season. At the conclusion of the season, the minimum score required for eligibility will be announced, along with the reward amounts for qualifying wallets. Users who meet the eligibility criteria based on their final score will receive their rewards accordingly.

DeFi League: TVL And Volume Squads For TON DeFi Protocols

Furthermore, the DeFi League aims to foster a productive environment for early-stage TON DeFi protocols, helping to grow the Total Value Locked (TVL) and trading volume on the TON blockchain. For participants in Season 7, the structure will be similar to Season 6.

Projects that meet the eligibility requirements can join up to two squads based on the primary metric of their protocol: TVL Squad and Volume Squad. Projects within these squads will be ranked on the leaderboard according to their contribution to the overall TVL/Volume generated throughout the season. The methodology for tracking these metrics can be found on the project’s GitHub page.

Teams that participated in previous seasons of the DeFi League and have not earned “DeFi League graduate” status are automatically whitelisted for the next season and do not need to reapply. However, they must verify their eligibility to remain on the leaderboard. New teams that have not yet participated are invited to apply by submitting their details on the TON Research website.

Overall, The Open League New Year Season is focused on users earning airdrop rewards by engaging with and utilizing TON’s DeFi protocols. Participants will compete for the highest TVL/Volume to win prizes. New teams are encouraged to submit applications through the TONResearch platform, while teams that participated in previous seasons should check their eligibility using the eligibility checker.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

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