This is not only a novel technological feast but also an excellent opportunity to leverage the future of the BTC and TON ecosystems.
The BTCFi Hackathon, jointly presented by TONX, TonBit, TON Foundation, TON Society, and TON Core, has officially kicked off! This grand event aims to ignite the torch of innovation globally, redefining the interaction between Bitcoin and the TON & Telegram ecosystems, accelerating the popularization of tgBTC, and unlocking new possibilities.
As part of the global journey, the Shenzhen Warm-Up Workshop will take place on January 10, 2025, at the Bays Work Roadshow Hall, 1st Floor, Building G, Qianhai Youth Dream Factory, Nanshan District, Shenzhen. Let’s explore this highly anticipated Hackathon event, gain inspiration, compete for a million-dollar prize pool, and ride the waves of TON!
### 1. Overview of the TON Global BTCFi Hackathon
The BTCFi Hackathon focuses on the application and implementation of tgBTC within the TON blockchain ecosystem, providing fertile ground for the next generation of blockchain innovation. Developers and teams will brainstorm and practice around the following core themes:
Power of Liquidity 💧
Aiming to create future-oriented liquidity solutions for tgBTC that enhance trading depth in decentralized markets while also accommodating widespread use on centralized platforms. Specific requirements include:
Market Impact: Enhance tgBTC liquidity across various markets to achieve genuine supply-demand interaction and high-frequency usage, thereby promoting broader recognition and adoption.
Scalability: Solutions should adapt to the growing market demand and ecosystem scale, with potential for rapid iteration and continuous optimization.
Technical Feasibility: Clear implementation ideas, operational technical frameworks, and manageable risks to lay a solid foundation for subsequent deployment and evolution.
Innovation: Challenge traditional liquidity strategies with new thinking dimensions, injecting continuous vitality into tgBTC's development.
Power of Distribution 🌍
Focusing on making tgBTC more easily integrated into the daily usage scenarios of global Web2 and Web3 users, breaking down geographical and technical barriers. Specific requirements include:
Ease of Adoption: Minimize operational difficulties at every stage, from transaction processes to holding methods, allowing users to experience tgBTC without barriers.
Global Reach: Prioritize under-explored regions, creating feasible landing strategies and distribution models to enhance tgBTC's global reach.
User Experience: Cater to both beginners and seasoned players, providing simple and intuitive designs to enhance appeal to Web2 and Web3 communities.
Inclusivity: Consider different cultures, languages, and usage habits to ensure compatibility in product forms and landing solutions, allowing more people to access and use tgBTC.
Power of Yield 🌱
Aiming to bring more substantial and sustainable yield scenarios to tgBTC through innovative DeFi protocol integration. Specific requirements include:
DeFi Integration: Explore diverse applications of tgBTC in various protocols such as Farming, Staking, and Lending, creating more opportunities for yield generation.
Yield Sustainability: Propose innovative solutions that can operate stably in the long term, balancing yield rates with risk management to ensure sustainable yield models.
Risk Mitigation: Minimize user risks through decentralized governance, smart contract audits, and collateral rate designs.
Creative Vision: Empower tgBTC with groundbreaking ideas, giving it a unique competitive edge in investment and financial management, leading the next wave of DeFi trends.
Overall Excellence 🌟
Based on a comprehensive assessment of the project's technical depth, commercial potential, and creative performance, identify truly groundbreaking projects and teams. Specific requirements include:
Quality of Solution: Focus on a balanced approach between creativity and technology, ensuring the project aligns closely with tgBTC's goals and possesses strong technical reliability.
Business Viability: Clear business models and long-term development paths that can attract more market attention and resource investment.
Adoption Strategy: Propose clear promotional plans and competitive strategies that can quickly guide users to get started and create scale effects.
Integration with TONX API: Effectively utilize the tools and interfaces provided by TONX during development to enhance the overall efficiency and ecological impact of the project.
Proactive Security Solutions: Provide comprehensive security solutions addressing smart contract vulnerabilities, user data protection, and resistance to liquidity manipulation; encourage the use of multi-signature wallets (e.g., Tonkey) to enhance security.
Bonus Points for Rewards
Additionally, if the project can integrate the TON Connect standard at the user interaction level and use Telegram Mini-App as the main interface, leveraging the extensive user base of this social platform will help quickly reach and attract potential users. Furthermore, if it can expand market recognition through unique and impactful tgBTC application scenarios, further highlighting tgBTC's functionality and innovative value; finally, if it can fully integrate the technologies and tools provided by the TONX API, it will also bring extra points and deeper ecological influence to the project.
Nomination Conditions:
Limited to new teams and projects.
Must be developed based on the TON technology stack (Tact or FunC).
Compliance with laws and regulations, intellectual property rights, and third-party rights.
At least one team member must be present at the award ceremony.
### 2. Event Timeline
The entire duration spans nearly three months, from Workshops to one-on-one mentoring, final roadshows, and appearances at the HK Web3 Festival, providing participants with comprehensive support from technology to business, from ideas to implementation.
Application Submission: The TON Global BTCFi Hackathon opens for project proposals starting from 2024/12/27.
Register for BTCFi Hackathon on Dorahacks:
https://dorahacks.io/hackathon/ton-btcfi/detail
Join the Workshop: Welcome to participate offline at the Shenzhen station (1/10), and stay tuned for the upcoming Singapore station (1/22) and Hong Kong station (2/20).
Register for the Shenzhen Workshop on the official Luma:
Enter the Development Phase: You will continuously refine your project during the first two rounds (Workshops & 1-on-1 Mentorship).
Roadshow and Judging: The finals will take place on 2025/3/28, competing for the grand prize!
Award Ceremony and Follow-up: Online awards on 3/31, with a panel sharing of winning projects at the HK Web3 Festival on 4/8.
### 3. Shenzhen Warm-Up Workshop | January 10, Don’t Miss It
After the global project launch, Shenzhen will be the first offline Workshop site.
Time: January 10, 2025 (Friday) 13:00 – 17:00
Location: Bays Work Roadshow Hall, 1st Floor, Building G, Qianhai Youth Dream Factory, Nanshan District, Shenzhen.
Event Agenda
Highlights of Participating in the Shenzhen Workshop
Industry Expert Talks:
Dr. Awesome Doge (Co-founder of TONX)
Flames Lan (Head of DeFi & Infrastructure for the TON ecosystem in the Asia-Pacific region)
Paul Li (Co-founder of TonBit)
Luis Lu (Co-founder of TonBit)
Comprehensive Interpretation of the BTCFi Hackathon: In-depth understanding of the event theme, technical requirements, and judging criteria, locking in potential tracks and innovative directions in advance.
Project Showcases and Inspiration Exchange: Communicate and exchange ideas with like-minded developers and teams, exploring the next opportunities in the crypto world together.
Seize Resources Ahead of Time: Obtain first-hand resources and mentor advice before the official Hackathon begins, laying a solid foundation for subsequent participation.
Integrate into the TON Ecosystem: Gain deeper insights into various resources and development tools of TON, seizing comprehensive support provided by the community and officials.
The guests for this Workshop event will include Flames Lan (Head of DeFi & Infrastructure for the TON ecosystem in the Asia-Pacific region), Paul Li (Co-founder of TonBit), Dr. Awesome Doge (Co-founder of TONX), and Luis Lu (Co-founder of TonBit). They will discuss popular topics related to TON BTCFI, such as "BTC Ecosystem Review and Outlook," "TonBit Security Practice," "TON BTCFI Roadmap," and "TON x BTC Ecosystem Potential" through Keynote and Panel discussions.
At the same time, we will provide a comprehensive interpretation of the BTCFi Hackathon's theme, technical requirements, and judging criteria, allowing you to identify potential tracks and innovative directions in advance. By engaging in face-to-face communication with like-minded developers and teams, you will spark more innovative ideas and explore the next opportunities in the TON ecosystem together. Before the official start of the Hackathon, you will also have the chance to access official resources and mentor advice, laying a solid foundation for your subsequent participation. Finally, through this event, you can deeply integrate into the TON ecosystem, fully understand the technical support and development tools it offers, and seize the comprehensive assistance from the community and officials to accelerate the implementation of your project and unleash its potential.
### Million Dollar Prize Pool, Don't Miss the Opportunity
The prize pool for this BTCFi Hackathon has reached $1,000,000. Moreover, you will have the opportunity to receive:
Direct support from the TON Foundation: Assistance in enhancing project liquidity and expanding user scale.
Security audits and technical guidance: TonBit, as a security expert in the TON ecosystem, will provide security audits and guarantees for the project.
Investment opportunities: Engage closely with investors to win the favor of institutions and communities.
Official API and developer resources: Deep integration with the TONX API ecosystem to access efficient development tools.
### Why You Must Join the BTCFi Hackathon?
Transform the future of BTC: This is an opportunity for Bitcoin and TON to merge perfectly, achieving more efficient and widespread applications.
Fast track for projects: You will receive special support from the TON Foundation, gaining priority treatment in liquidity, resource integration, and business expansion.
Integrate into an active community: Compete alongside global developers and collaborate with existing projects and teams in the TON ecosystem.
Million-dollar prize: Additional security audits, investment opportunities, and ecological resources will help emerging projects gain fame and take the international stage.
### Conclusion
From online submissions to offline Workshops, and finally to the roadshow and peak presentation at the Web3 Festival, this is not only a novel technological feast but also an excellent opportunity to leverage the future of the BTC and TON ecosystems.
### About Co-hosts
TONX
TONX was established in 2021 as a SuperApp platform layer driving the new generation of the Web3 economy. As a core pillar of the TON ecosystem, TONX provides powerful tools, such as the TONX API—a reliable RPC solution adopted by over 20 leading projects—and Tonkey, a secure multi-signature wallet managing over $400 million in assets.
TONX has successfully hosted over 20 major TON events, including The Open Art 2024, The Open Summit 2024, TON Hacker House 2024, TON Bootcamp 2024, and Hack-a-TONx DoraHacks 2023.
TON Foundation
The Open Network Foundation (TON Foundation) is a non-profit organization supported by community contributors, dedicated to promoting the development goals of TON. The foundation was established in Switzerland in 2023, bringing together expertise from various fields, focusing on supporting protocol development, guiding platform construction, and facilitating ecosystem growth. While the foundation advocates for TON's mission, it does not exercise any power over TON. TON operates on open-source software, welcoming opinions and contributions from all individuals, and remains independent of any centralized control. For more information, please visit: https://ton.foundation.
TON Society
TON Society is a grassroots-driven global movement dedicated to supporting the TON community through growth mechanisms and activities, closely linking the TON community with the real world.
TON Society exists as a place for revolutionaries actively building a better internet.
TonBit
TonBit, as the core sub-brand of BitsLab, is a security expert and early builder within the TON ecosystem. As a primary security assurance provider for the TON blockchain, TonBit focuses on comprehensive security audits, including audits of Tact and FunC languages, ensuring that TON-based projects possess integrity and resilience. To date, TonBit has successfully audited several well-known projects, including Catizen, Algebra, and UTonic, discovering multiple critical vulnerabilities, showcasing our excellence in blockchain security. Additionally, TonBit has successfully hosted the TON CTF competition, attracting numerous participants and gaining widespread attention, further solidifying its position as a security expert in the TON ecosystem. In the future, TonBit will continue to safeguard blockchain security and promote the continuous development of technology and the ecosystem.
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