TON Airdrops 105,600 Tokens to NFT Marketplace Participants

TON is conducting an airdrop of 105,600 TON tokens to participants in the TON NFT marketplaces, facilitated by The Open Network Foundation.

The Open Network Foundation, the entity responsible for the Layer 1 blockchain known as The Open Network, will distribute a total of 105,600 The Open Network tokens through an airdrop. In all, 2,061 people who participate in the The Open Network NFT marketplaces—including Getgems, xRare, and NFT Diamonds—either trade or possess NFTs.

We took the snapshot for this airdrop on April 23, at 8:00 a.m. CEST. Except for NFT collection owners, non-wallet addresses, and Sybil wallet addresses, any users who traded or held NFTs on the three platforms stated above between April 11 at 14:00 PM CEST and April 23 at 8:00 AM CEST are eligible to participate. The whitelist for this event covered all NFT collections that were available on these markets.

The distribution of points and awards for this airdrop is as follows. If a participant trades more than 5 NFT collections, 12 deals, or $699 in total, they can receive 3 points. If a participant trades more than 12 deals, they will receive an additional 3 points. All wallets that complete at least two NFT transactions within the given window are eligible for the airdrop.

The total score is the determining factor in incentive allocation. Forty TON tokens were up for grabs for scores between two and five, and fifty TON tokens for scores between six and eight. In addition, 70 TON tokens were available to those whose scores were between 9 and 18.

The TON Foundation launched “The Open League” and partnered with Hashkey Group to drive the development of the TON Ecosystem

The company has spent the better part of the last several months working on improving the TON ecosystem. “The Open League,” The Open Network’s community rewards program, debuted in March and has an estimated value of more than $115 million. The campaign’s goal is to distribute 30,000,000 TON tokens to The Open Network ecosystem projects and users who participate.

In the interest of the community as a whole, the Open Network Foundation acts as a nonprofit organization that relies entirely on donations to support projects that further The Open Network growth. 

In an effort to improve the TON ecosystem’s support for early-stage projects and make fiat on/off ramps easier to access within the messaging app Telegram’s wallets, the organization recently partnered with the cryptocurrency trading platform Hashkey Group.

Layer 1 decentralization is the mode of operation of the Open Network. According to ConMarketCap’s data, its native cryptocurrency, The Open Network, has fallen 8.56 percent in the last 24 hours and is now worth $5.24.