First Free TON Contests Goes Live Allowing Contributors to Acquire TON Crystals
Just in, Free TON launches first community contests, in other to distribute thousands of TON Crystals to contributors—winners and participants.
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Free TON is a decentralized blockchain network from Telegram’s TON blockchain. Free TON is launching it’s first community contests to power its network.
From May 18 2020, users, developers and network validators are free to participate in three separate contests where TON Crystals will be shared as rewards to winners.
Each of these separate three contests which is expected to end on May 25 2020, will share at least 50,000 TONs to contributors, winners, participants and judges.
The first batch of Free TON contests will be a developer-focused competition based on Soft Majority Voting (SMV) system, a devops tools contest, and an airdrop tool competition.
The SMV and devops contests are designed for developers and validators respectively. But airdrop tool competition is open for anyone who wants to be part of it.
Read Also: Grams Wallet Launched By Telegram Goes Life On Testing Mode.
Free TON has a total supply of five billion TON Crystal tokens, where 85 percent of the token will be distributed to Free TON partners and users, 10 percent to developers. The remaining 5 percent goes to community’s validators.
At the moment Free TON can only be acquired through contest where persons from the U.S. will not be able to participate. This is because of the US SEC Ban terminating the distribution of Gram Tokens around the world.
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The airdrop tool competition reads:
“Anyone can participate, but Free TON cannot distribute Tons to US citizens or US entities.”
The purpose of the Free TON contest is to “distribute tokens in a meritocratic way,” Free TON said. It also notes that there are plans to do more contest each week in the future.