The TON project team recently unveiled The Open League season one, accompanied by the distribution of 30 million Toncoin by the TON Foundation. Commencing on April 1, TON network users will be eligible for rewards based on their activity.

In this season's competition, TON projects will vie for substantial prizes across four systems, including league participation, token mining, quests, distributions, and enhancing the liquidity pool. Notably, winning projects will have the autonomy to determine the utilization of their rewards.

Furthermore, the launch of the new TON initiative has spurred a surge in the Toncoin (TON) project token's value. CoinMarketCap data indicates a robust growth of nearly 9% in the past 24 hours, with the token reaching $4.19 at the time of reporting.

Pavel Durov, the visionary behind the Telegram messenger, has contributed to the upward trajectory of the Toncoin token. He introduced strategies to monetize Telegram channels through cryptocurrency and announced plans to limit Telegram's share in TON to approximately 10% of the total emission volume. Additionally, surplus TON reserves will be sold, with tokens locked for up to four years.