Previously announced, the collaborative global hackathon event between the TON crypto foundation, a non-profit association of developers and enthusiasts that exists to promote The Open Network (TON), and DoraHacks will end on 31 March 2023.
Specifically, there will be a closing ceremony and announcement of the winners at the end, where the prize money will be distributed along with a TON developer gift set, which includes a SafePal branded hardware wallet, a TON branded notebook, and Toncoin goodies. In addition, there will also be an incubation opportunity.
The TON crypto foundation hackathon: all the benefits
As anticipated, the prizes and funding up for grabs at the global hackathon organized by the TON crypto foundation and DoraHacks are many. In fact, Justin Hyun, Head of Incubation at the TON Foundation, said about it:
“Funding from the TONcoin Fund will also be up for grabs for the teams that come out victorious, providing a bountiful opportunity from a $250 million ecosystem fund dedicated to supporting founders building on The Open Network.”
We recall that The Open Network (TON) is a revolutionary technology to unite all blockchains and Internet Web2 into a single open network. In addition, the hackathon will also be a boon for applications for The Open Challenge (TOC), a metrics-based TON awards program.
To add yet another incentive, the hackathon provides that teams that make it to the finals of the competition may have the opportunity to travel to Dubai to meet with the TON Foundation’s management team and investors.
Some tips to participate properly: a GitHub repository is required and a live demo is recommended. Teams can close the GitHub repository during the hackathon, but are required to make it open source at the end of the submission period.
In addition, teams can opt to open-source under BSL 1.1, which states that codes cannot be used for commercial purposes by other parties. Registration for the event is available on the DoraHacks website where applicants can submit BUIDL until 22 March 2023.
More details about the hackathon: the depths of the TON crypto ecosystem
As anticipated above, The Open Network (TON) is a revolutionary technology created with the aim of empowering billions of Telegram users with a true Web3. Originally introduced by the Telegram team that inherited its ethos of freedom and openness, it has been run as an open source community project since 2020.
In addition, TON’s layer 1 architecture is designed to scale up to two to the power of 32 shardchains, each of which can be split up to two to the power of 60 shardchains. It can support millions of transactions per second almost instantaneously.
In partnership with DoraHacks, a leading global hacker organization that serves as a bridge, connecting hackers to business challenges and entrepreneurial ideas, Hack-a-TONx DoraHacks will offer a total prize pool of $180,000 in Toncoin (TON).
So, during the event, participants will compete to build a myriad of projects on TON. Hyun previously expressed confidence about the project, stating that the event would engage thousands of Web2 and Web3 developers from the TON ecosystem and beyond, showcasing the many possibilities of building on TON.
Specifically, the hackathon will kick off on 30 January 2023 with tracks that will include Decentralized finance (DeFi) , Social/Decentralized Identifier (DID), Non-Fungible Token (NFT)/Soulbound Tokens (SBT), Decentralized Autonomous Organization (DAO), games, Web3 services (Metaverse) and Web 2.5 (The Ultimate Challenge).
In addition, the hackathon will be live-streamed on YouTube, Binance Live and Bilibili and will showcase the depth of global talent building in the TON ecosystem.