The Open League’s $1.5 million incentive program is attracting attention among crypto communities in 2024. So how can you take part in the latest season of Open League and claim rewards? With badges, DeFi Scores, and a new leaderboard, the process — while straightforward — may not be entirely clear for newcomers. This guide explains each step, helping you get started and make the most of this opportunity. Here’s how to take part in Season 7 of the TON incentive program.
KEY TAKEAWAYS ➤ The Open League’s New Year Edition offers a $1.5 million airdrop, rewarding users for engaging with over 20 DeFi protocols by trading and providing liquidity. ➤ Participation requires a DeFi Badge, meeting minimum transaction requirements, and actively tracking your DeFi Score on the leaderboard. ➤Season 7 focuses exclusively on DeFi, moving away from NFTs and apps to strengthen TON’s decentralized finance ecosystem.
The Open League’s New Year Edition offers a weighty $1.5 million airdrop. It is aimed at users who actively participate in TON’s decentralized finance (DeFi) ecosystem.
In short, the steps to participate are as follows:
Now let’s take a look in a little more detail.
The first step, regardless of any campaign, is to explore the details. Here is how to get started:
The DeFi Badge is your entry ticket to the New Year Edition. However, it is non-transferable and offered as a Soul-Bound Token (SBT) that tracks your activities within the ecosystem.
Once you have your badge, start interacting with eligible DeFi protocols to accumulate points for your DeFi Score.
Each protocol has its own point system for specific actions.
Example:
Your DeFi Score determines your position on the leaderboard and your eligibility for rewards. Access the leaderboard on the TON Society platform to track your score.
The leaderboard updates in real-time, so you can adjust your strategy by interacting with protocols that offer higher points.
At the end of the season, the rewards are distributed based on your final DeFi Score.
Eligibility: A minimum score threshold will be announced, and only wallets meeting or exceeding this score will qualify.
Reward distribution: Rewards will be displayed on the leaderboard, with a maximum cap of $1,000 per wallet.
Keep in mind that completing target actions doesn’t guarantee rewards—the final distribution depends on the scores of all participants.
The Open League, introduced by TON, is an incentive program designed to reward users for engaging with the TON blockchain ecosystem.
Through seasonal campaigns, users and also projects can earn stipulated rewards. This can be done by participating in various activities such as providing liquidity, trading, and exploring decentralized applications (DApps).
Each season introduces new goals and scoring systems, with the focus evolving over time. Let’s take a look at how previous seasons laid the groundwork for the current New Year Edition (Season 7).
Launched in March 2024, the pilot (Beta) season aimed to boost core ecosystem projects and assets, encouraging the emergence of new applications, DeFi protocols, games, NFT collections, SocialFi, and utility apps.
What followed were other seasons — namely the expansion phase comprising the NFT league, app league, and DeFi league. Then arrived the most popular seasons — Normie and Degen airdrop gigs, targeting general and experienced users alike.
Did you know? Building on previous successes, Season 7 focuses on DeFi protocols, inviting users to provide liquidity and trade across 20+ DeFi projects to farm a $1,500,000 airdrop. The campaign will run from Nov. 27 to Dec. 17, 2024.
The DeFi Score is a newly introduced metric in The Open League’s New Year Edition (Season 7), designed to quantify a user’s engagement with TON DeFi protocols.
Unlike previous seasons, which featured separate Normie and Degen scores, Season 7 consolidates user activity into a single DeFi Score.
This score is calculated based on points earned through specific actions, such as providing liquidity or trading within designated DeFi projects. Each action contributes a predetermined number of points, reflecting the user’s participation level.
The DeFi Score serves as a comprehensive measure of user involvement, directly influencing eligibility and reward distribution in the airdrop campaign. Users can monitor their DeFi Scores on the leaderboard throughout the season to assess their standing and potential rewards.
Note: The Open League interface plans to publish the DeFi scores in time, mostly waiting for the DeFi interactions to start coming in.
Here is the latest iteration, tagged as the New Year league points:
Many people would be competing for the $1.5 million prize pool. Here are the best strategies to maximize rewards:
Note: You do not want to be late, as some protocol-specific pools might be depleted early.
When participating in The Open League or similar decentralized finance (DeFi) initiatives, it is important to prioritize security and awareness. Choosing a reliable wallet, such as Tonkeeper or TonHub, is crucial to ensure your funds are safe.
Always keep private keys and recovery phrases stored offline to prevent unauthorized access and potential breaches.
To minimize the risk of scams, interact only with verified protocols listed on the official TON airdrop page and avoid exploring unverified platforms.
Any DeFi activity also comes with risk, including the potential loss of assets. So, it’s important to proceed cautiously and be well-informed about the projects you engage with.
When conducting transactions, always double-check the details before confirming, including amounts and wallet addresses, as mistakes in DeFi transactions are often irreversible.
It’s also worth ensuring you follow the specific guidelines provided by individual projects to ensure your participation is valid and that you remain eligible for any associated rewards.
Lastly, stay alert for phishing attempts. Be incredibly cautious of unofficial links or messages. If you’re unsure, don’t click! You should always verify the legitimacy of any communication related to The Open League before taking action to protect yourself and your assets.
The Open League marks a new era for DeFi on TON, shifting focus entirely to decentralized finance in Season 7. By discontinuing NFT and app initiatives, TON prioritizes user engagement in DeFi protocols, offering a $1.5 million airdrop to incentivize activity. This streamlined approach empowers emerging projects, boosts liquidity, and solidifies TON’s role in web3, making The Open League a vital driver of decentralized finance adoption.
Disclaimer: This article is for informational purposes only and should not be considered investment advice.
To participate, you need to request your DeFi Badge through the TON Society mini app at least five days before the season ends. Once you have the badge, start interacting with eligible DeFi protocols by providing liquidity or trading. Make sure all your actions meet the $20 minimum requirement to earn points and qualify for rewards.
The maximum reward per wallet in Season 7 is capped at $1,000 in Toncoin. However, the actual reward depends on your DeFi Score compared to other participants. Engaging early and diversifying your interactions across high-point protocols can help you secure a better share of the airdrop.
TON decided to prioritize DeFi this season to boost liquidity and activity in its decentralized finance ecosystem. Previous seasons included broader initiatives like NFT and App Leagues, but with DeFi’s rapid growth, the focus has shifted to supporting smaller DeFi projects and rewarding meaningful user contributions. It’s a targeted effort to strengthen TON’s role in web3 finance.
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