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.
How to take part in The Open League
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:
- Visit the campaign page, checking eligibility and guidelines
- Mint your DeFi badge
- Engage with DeFi protocols
- Monitor your DeFi score
- Claim rewards!
Now let’s take a look in a little more detail.
Step 1: Explore the airdrop campaign (the latest version)
The first step, regardless of any campaign, is to explore the details. Here is how to get started:
- Visit the official campaign page: Go to the official TON society website to access the campaign information.
- Check eligibility and guidelines: Review the rules, deadlines (e.g., badge requests five days before the season ends), and participation criteria to ensure you meet all requirements.
- Browse the protocol catalog: Learn about participating DeFi protocols, their target actions, and the points they offer. For instance, Aqua Protocol awards 10 points per $20 liquidity deposited, while GasPump gives five points per a $20 trade.
Step 2: Mint badge
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.
- Visit the TON Society mini app to request your badge.
- Important deadline: Request your badge at least five days before the season ends. For example, if the season ends on Dec. 17, you must raise your request by Dec. 12.
- You don’t need to mint the badge on-chain; having it in your profile is enough.
Step 3: Engage with DeFi protocols
Once you have your badge, start interacting with eligible DeFi protocols to accumulate points for your DeFi Score.
Target actions:
- Provide liquidity: Add liquidity to pools in protocols like Aqua Protocol, TONCO or Parraton
- Trade assets: Execute trades in participating DeFi projects like Blum, swap.coffee or TONPump.
Each protocol has its own point system for specific actions.
Example:
- Stake $20 in TonPools = five points.
- Deposit liquidity in Aqua Protocol = 10 points.
- Trade memecoins on GasPump = five points.
Step 4: Monitor your DeFi score
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.
Step 4: Redeem rewards
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.
What is the Open League / TON incentive program?
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).
Previous seasons
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.
What is a DeFi score?
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:
Tips to maximize rewards
Many people would be competing for the $1.5 million prize pool. Here are the best strategies to maximize rewards:
- Request your DeFi Badge on time: Ensure you request your badge by Dec. 12, 2024, to track your activities for the airdrop.
- Focus on protocols with higher points: Prioritize actions like depositing $20 in Aqua Protocol or TonStable for 15 points.
- Diversify your protocol interactions: Engage with at least three protocols to boost your overall DeFi Score.
- Start early to stay ahead: Begin interactions as soon as the season opens to build a strong lead.
Note: You do not want to be late, as some protocol-specific pools might be depleted early.
- Meet transaction requirements: Ensure all transactions meet the $20 minimum to qualify for points.
- Track your score regularly: Monitor the leaderboard and adjust your activities to maintain a competitive position.
- Engage in liquidity and volume activities: Provide liquidity or trade higher volumes for additional rewards.
- Stay updated via official channels: Follow @league on Telegram for any changes or added opportunities.
- Avoid missing deadlines: Missing deadlines like the badge request will make you ineligible for rewards.
How to stay safe while earning with the Open League
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.
A step forward for Defi on TON
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.
Frequently asked questions
How can I participate in The Open League New Year airdrop?
What is the maximum reward I can earn in this season?
Why is Season 7 focused only on DeFi protocols?
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