Free TON

Free TON ICO proto development proposal

Guys, what do you think about this idea? If there are no fundamental reasons against, please make changes / additions.

Short description

A formal description of the protocol for ICO tokens based of Free TON and the development of tools for implementation.

Motivation

Opportunity for everyone to implement their ICO tokens based on the Free TON blockchain

General requirements

Development of formal protocol specification;
Six required and three optional parameters, similar to ERC-20;
Development smart contract for ICO tokens based on Free TON;
Contest participants are expected to create a repository similar to https://github.com/0xcert/ethereum-erc20, but adapted for Free TON;
Clear step-by-step instructions for working with a contract;

Contest entry period

from 15.11.2020 till 15.12.2020

Rewards distribution

1 place: 250,000 TONs,

2 place: 100,000 TONs,

3 place: 50,000 TONs

4-10 places: 5000 TONs each
Total rewards

435 000 TONs

Jury rewards

An amount equal to 5% of the sum total of all total tokens actually awarded to winners of this contest will be divided equally between all jurors who vote and provide feedback. Both voting and feedback are mandatory in order to collect this reward

Procedural requirements

All submissions must be accessible for the jury to open and view, so please double-check your submission. If the submission is inaccessible or does not fit the criteria described, the submission may be rejected by jurors.
Contestants must submit their work before the closing of the filing of applications. If not submitted on time, the submission will not count.
All submissions must contain the contestant’s contact information, preferably a Telegram username by which jurors can verify that the submission belongs to the individual who submitted it. If not, your submission may be rejected.
The content published in the forum and in the provided PDF file should not differ. The PDF must contain a link to the repository.
If your submission has links to the work performed, the content of those links must have the contestant’s contact details, preferably a Telegram username so jurors can match it and verify who the work belongs to. If not, your submission may be rejected.

Disclaimer

Anyone can participate, but Free TON does not distribute Tons to US citizens or entities.

1 Like

Thanks @aestlist, you have touched a very interesting topic.

I’m not really sure if it refers to the scope of DeFi subgovernance, but nevertheless I added this to the next call agenda. We will discuss it and come back with out ideas.