The TON Foundation and Ignyte have launched the Chain the Future Challenge, a global hackathon inviting innovators to build the next wave of Web3 products for payments, business, and tokenization on the TON blockchain within Telegram.
At a Glance
- Opportunity Type: Global Hackathon
- For: Students, startups, and scale-ups worldwide
- Key Benefits: $30,000 prize pool, mentorship, access to the TON ecosystem
- Application Deadline: July 15, 2024
- Location: Remote
Challenge Overview
The TON x Ignyte Global Challenge is designed to accelerate the adoption of Web3 payments as a natural part of everyday life inside Telegram. This program invites innovators to build user-friendly Web3 products across three key themes: Business, Payments, and Tokenization. The goal is to leverage TON to unlock the next wave of mainstream crypto adoption by creating seamless, real-world applications.
Key Benefits
- Prize Pool: A total of $30,000 USD in prizes for the top three winners.
- Ecosystem Access: Gain entry into TON’s extensive ecosystem.
- Mentorship: Receive guidance from industry leaders.
- Pilot Opportunities: Chance to pilot your solutions with global communities of users, creators, and enterprises.
Eligibility Criteria
- Open to students, startups, and scale-ups from anywhere in the world.
- Proposed solutions must be deployable on the TON Blockchain Mainnet or Testnet.
Challenge Themes
Innovators are invited to tackle challenges in one of the following areas:
- Crypto Infrastructure for Business: Build plug-and-play solutions for businesses like malls, airlines, and cafés to accept crypto, run on-chain loyalty programs, or create frictionless tipping platforms.
- Payments: Create seamless crypto payment experiences for real-world use cases, such as low-cost international remittances, bill-splitting among friends in Telegram, or sending crypto as a gift.
- Tokenization: Reinvent asset ownership by creating tools to bring any real or digital asset on-chain. Focus areas include tokenizing yield from real-world assets, tokenizing Telegram assets (like social capital), or building no-code issuance tools.
Prizes and Awards
The $30,000 total prize pool will be distributed as follows:
- Winner 1: $15,000 USD
- Winner 2: $10,000 USD
- Winner 3: $5,000 USD
Submission Requirements
- Summary & Pitch Deck: A 1–2 page summary and a 3–5 slide pitch deck describing the problem and your proposed TON-based solution.
- Track-Specific Deliverable:
- Idea Track: Concept mockups, flow diagrams, or a clickable Figma demo.
- Prototype Track: A working prototype with a demo video (max 3 minutes).
- Scale-up Track: A functional product with evidence of user testing or traction.
- TON Feature Demo: Submissions must demonstrate at least one working TON feature, such as wallet integration, payments, token issuance, or mini-app interaction.
Judging Criteria
- Innovation (20%): Originality and quality of the solution.
- TON & Telegram Technology Fit (20%): Effective and intuitive use of the TON and Telegram ecosystem.
- Feasibility & Execution (20%): How realistic the implementation and launch plan is.
- Market Relevance (20%): Viability of the solution in key markets.
- Sustainability & Scalability (10%): Long-term potential for growth and user adoption.
- Presentation & Storytelling (10%): Clarity and persuasiveness of the pitch and demo.
How to Apply
Ready to build the future of Web3 on Telegram? Submit your project to join the challenge. The deadline for submissions is July 15, 2024.
Apply Here
About TON Foundation
The TON Foundation is a non-profit organization that exists to support the development of The Open Network (TON) blockchain, empowering developers and communities to build a decentralized future.
About Ignyte
Ignyte is a platform designed to connect innovators, startups, and enterprises through challenges and open innovation programs, fostering collaboration and accelerating technological advancement.
Learn More: TON Foundation x Ignyte Hackathon: Chain the Future Challenge
