Ton Launches $25M Accelerator Program to Invest in Ecosystem Project

Ton Launches $25M Accelerator Program to Invest in Ecosystem Project

The Open Network (TON), a layer-1 blockchain that was previously created by Telegram, has announced the launch of a new venture called "TON Accelerator Program".

The venture has a $25 million fund allocated for projects that will be building on the TON ecosystem. The program will provide investments ranging between $50,000 and $250,000 per project, and recipients will also receive partnerships and mentorships from TON's staff.

The initial pool of recipients for the funding will be geared towards projects that participated in a recent hackathon. The focus will be on incubating decentralized finance (DeFi) projects, and ventures must have a minimum viable product (MVP) ready.

The capital will be provided by TONcoin Fund.

In April last year, TON secured an initial $250 million commitment from multiple firms for its TONcoin Fund. The fund’s contributors included firms such as Huobi Incubator, KuCoin Ventures, MEXC Pioneer Fund, 3Commas Capital, blockchain startup Orbs.


TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email Your trust will be well respected.


Layer 1


In This Article

Latest News More More
Use TokenInsight App All Crypto Insights Are In Your Hands