TON Global BTCFi Hackathon kicks off, with a million-dollar prize pool. The Shenzhen station takes the lead.

The BTCFi Hackathon, presented jointly by TONX, TonBit, TON Foundation, TON Society, and TON Core, has officially kicked off! This grand event will ignite the torch of innovation worldwide, aiming to redefine the interaction between Bitcoin and the TON & Telegram ecosystem, accelerate the mass adoption of tgBTC, and unlock new possibilities.

And in the entire global journey, the Shenzhen Warm-Up Workshop will kick off on January 10, 2025, at the Bays Work Roadshow Hall on the 1st floor of Block G, Youth DreamWorks North Area, Qianhai, Nanshan District, Shenzhen. Let’s learn about this highly anticipated Hackathon event, gain inspiration, win a million-dollar prize pool, and ride the wave of TON with courage!

One, TON Global BTCFi Hackathon Overview

This BTCFi Hackathon focuses on the application and implementation of tgBTC in 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 a future-oriented liquidity solution for tgBTC, which can enhance trading depth in decentralized markets and cater to extensive use on centralized platforms. Specific requirements include:

Market Impact: By enhancing the liquidity of tgBTC in various markets, real supply and demand interaction and high-frequency usage are achieved to promote wider awareness and adoption.

Scalability: The solution should be able to adapt to the continuous expansion of market demand and ecological scale, with the potential for rapid iteration and continuous optimization;

Technical Feasibility: Clear implementation ideas, operable technical framework, and controllable risks lay a solid foundation for subsequent deployment and evolution;

Innovation a: Unconstrained by traditional liquidity strategies, challenging the inherent industry model with new thinking dimensions, injecting a steady stream of vitality into the development of tgBTC.

Power of Distribution 🌍

With a focus on making tgBTC more easily integrated into the daily usage scenarios of global Web2 and Web3 users, it completely breaks through geographical and technological barriers. Specific requirements include:

Ease of Adoption: From the trading process, holding methods to practical applications, minimize the difficulty of each step as much as possible, allowing users to experience tgBTC without barriers;

Global Reach: Prioritize untapped regions, create feasible landing strategies and distribution models, and enhance the global reach of tgBTC.

User Experience: Balancing beginners and experienced players, providing a concise and intuitive design, enhancing attractiveness to the Web2 and Web3 communities;

Inclusivity: Fully consider different cultures, languages, and usage habits, and ensure compatibility in product forms and implementation solutions, so that more people have the opportunity to access and use tgBTC.

Power of Yield 🌱

Designed to bring more lucrative and sustainable income scenarios to tgBTC through innovative DeFi protocol integration. Specific requirements include:

DeFi Integration: Explore the diversified applications of tgBTC in various protocols such as Farming, Staking, Lending, etc., to create more opportunities for earning profits.

Yield Sustainability: Propose innovative solutions that can operate stably in the long term, balancing yield and risk to ensure the sustainability of the revenue model;

Risk Mitigation: By means of decentralized governance, smart contract auditing, collateral ratio design, etc., the user’s risk is minimized;

Creative Vision: Empower tgBTC with groundbreaking ideas, enabling it to have unique competitiveness in the field of investment and finance, leading the next wave of DeFi trends.

Overall Excellence 🌟

Based on a comprehensive consideration of the technical depth, business potential, and creative performance of the project, we explore projects and teams that truly have breakthrough value. Specific requirements include:

Quality of Solution: Focus on the dual balance of creativity and technology, ensuring a high degree of alignment between the project and the tgBTC goals, and possessing strong technical reliability;

Business Viability: It requires a clear business model and long-term development path, which can attract more market attention and resource investment.

Adoption Strategy: Propose a clear promotion plan and competition strategy, which can quickly guide users to get started and form a scale effect;

TONX API Integration: Effectively use the tools and interfaces provided by TONX in development to enhance the overall efficiency and ecological impact of the project;

Proactive Security Solutions: Starting from smart contract vulnerabilities, user data protection, resistance to liquidity manipulation, etc., providing comprehensive security solutions; Encouraging the use of multi-signature wallets (such as Tonkey) and other means to enhance security.

Bonus Points

In addition, if the project can integrate the TON Connect standard at the user interaction level and use the Telegram Mini-App as the main interface, it will help quickly reach and attract potential users due to the extensive user base of this social platform; at the same time, if it can expand market awareness through unique and far-reaching tgBTC use cases, further highlighting the functionality and innovative value of tgBTC; finally, if it can fully integrate the technology and tools provided by the TONX API, it will also bring additional points and a deeper ecological impact to the project.

Nomination criteria:

Only for new teams and projects.

Development must be based on the TON stack (Tact or FunC)

Comply with laws, regulations, intellectual property rights, and third-party rights.

There must be someone from the team present at the award ceremony.

2. Activity Timeline

The whole process spans nearly three months, from the Workshop to one-on-one coaching, the final roadshow, and the appearance at the HK Web3 Festival, and all participants will receive comprehensive support from technology to business, from ideas to implementation.

Submit Application: TON Global BTCFi Hackathon project proposals will be open from 2024/12/27

Sign up for BTCFi Hackathon by logging in to Dorahacks:

Join the Workshop: Welcome to participate offline in Shenzhen Station (1/10), and also pay attention to the upcoming Singapore Station (1/22) and Hong Kong Station (2/20), etc.

Sign up for the Shenzhen station Workshop at the official Luma website:

Enter the development phase: You will continuously improve your project during the first two stages (Workshops & 1-on-1 Mentorship).

Roadshow and review: the final competition will be held on 3/28/2025, competing for the ultimate prize!

Awards ceremony and follow-up: Awards will be presented online on 3/31, and the winners’ projects will be shared on a panel at the HK Web3 Festival on 4/8.

3. Shenzhen Warm-up Workshop | See you on January 10th

After the global project launches, Shenzhen will become the first offline Workshop site.

Time: January 10, 2025 (Friday) 13:00 – 17:00

Location: Bays Work Auditorium, 1st Floor, Building G, North Area of Qianhai Youth Dream Factory, Nanshan District, Shenzhen

Agenda

Highlights Summary of Participating in Shenzhen Workshop

Industry Experts Dialogue:

Dr. Awesome Doge (Co-founder of TONX)

Flames Lan (TON Eco-Asia Pacific DeFi & Infrastructure Lead)

Paul Li (Co-founder of TonBit)

Luis Lu (TonBit co-founder)

Comprehensive interpretation of BTCFi Hackathon: In-depth understanding of the event theme, technical requirements, and evaluation criteria, and advance identification of potential tracks and innovative directions.

Project showcase and collision of inspiration: Communicate and exchange ideas with like-minded developers and teams on site, and explore the next trend in the crypto world together.

Seize resources ahead of time: before the official start of the Hackathon, get first-hand resources and mentor advice to lay a solid foundation for the subsequent competition.

Integrate into the TON ecosystem: gain a deeper understanding of TON resources and development tools, and take advantage of the comprehensive support provided by the community and official channels.

The workshop will be attended by Flames Lan (Head of TON Ecosystem Asia Pacific DeFi & Infrastructure), Paul Li (Co-Founder of TonBit), Dr. Awesome Doge (Co-Founder of TONX), and Luis Lu (Co-Founder of TonBit). They will cover hot topics related to the TON BTCFI, including Keynote and Panel discussions on ‘BTC Ecosystem Review and Outlook,’ ‘TonBit Security Practice,’ ‘TON BTCFI Roadmap,’ and ‘TON x BTC Ecosystem Potential.’

At the same time, we will comprehensively interpret the theme, technical requirements, and evaluation criteria of this BTCFi Hackathon, so that you can lock in potential tracks and innovative directions in advance; through face-to-face communication with like-minded developers and teams, you will collide with more innovative ideas and jointly explore the next opportunities in the TON ecosystem; before the official start of the Hackathon, there is also a chance to get official resources and mentor advice in advance, laying a solid foundation for subsequent participation; finally, through the event, you can deeply integrate into the TON ecosystem, fully understand the technical support and development tools it provides, seize the all-round assistance from the community and the official, and accelerate the landing and unleash the potential of your project.

Four, a million-dollar prize pool, an opportunity not to be missed

The prize pool of this BTCFi Hackathon has reached $1,000,000, and not only that, you also have the opportunity to win:

Direct support from TON Foundation: assisting in improving project liquidity and expanding user base

Security Audit and Technical Guidance: As a security expert in the TON ecosystem, TonBit will provide security audits and guarantees for the project.

Investment opportunity: Communicate closely with investors and win the favor of institutions and communities.

Official API and Developer Resources: Deeply integrate with the TONX API ecosystem to obtain efficient development tools

Why do you have to join the BTCFi Hackathon?

Transforming the future of BTC: this is an opportunity to seamlessly integrate Bitcoin with TON and achieve more efficient and widespread applications.

Express Lane: You will receive special support from the TON Foundation, and enjoy priority treatment in liquidity, resource docking, and business expansion.

Integrate into an active community: Compete with developers from around the world, and also collaborate with existing projects and teams in the TON ecosystem.

Million-dollar prize: plus additional security audits, investment opportunities, and ecosystem resources to help emerging projects rise to fame and take the international stage.

Conclusion

From online submission to offline workshop, and finally to the peak display of the roadshow and Web3 Festival, this is not only a novel technical feast, but also an excellent opportunity to leverage the future of BTC and TON ecosystems.

About Co-host

TONX

TONX was established in 2021 as a SuperApp platform layer driving the new generation Web3 economy. As the core pillar of the TON ecosystem, TONX provides powerful tools such as TONX API - a reliable RPC solution adopted by over 20 leading projects, and Tonkey - a secure multi-signature wallet managing over 400 million dollars in assets.

TONX has successfully held 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

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 and brings together expertise from various fields, focusing on supporting protocol development, guiding platform construction, and promoting the growth of the ecosystem. While the foundation advocates for the mission of TON, it does not exercise any power over TON. TON operates on open-source software and welcomes input and contributions from individuals, always maintaining independence from any centralized control. For more information, please visit:

TON Society

TON Society is a grassroots-driven global movement dedicated to supporting the TON community through growth mechanisms and activities, connecting the TON community closely with the real world.

TON Society is a place for revolutionaries who actively strive to create a better internet.

Website|X| Telegram

TonBit

TonBit, as the core sub-brand of BitsLab, is a security expert and early builder in the TON ecosystem. As the primary security provider for the TON blockchain, TonBit focuses on comprehensive security audits, including audits of Tact and FunC languages, to ensure the integrity and robustness of TON-based projects. To date, TonBit has successfully audited several well-known projects such as Catizen, Algebra, and UTonic, discovering multiple critical vulnerabilities, demonstrating our outstanding capabilities in blockchain security. In addition, TonBit has successfully hosted the TON CTF competition, attracting numerous participants and garnering widespread attention, further solidifying its position as a security expert in the TON ecosystem. In the future, TonBit will continue to escort blockchain security, promoting the continuous development of technology and the ecosystem.