The BTCFi Hackathon jointly presented by TONX, TonBit, TON Foundation, TON Society and TON Core has officially kicked off! This event will ignite the torch of innovation around the world, aiming to redefine the way Bitcoin interacts with the TON & Telegram ecosystem, accelerate the popularization of tgBTC, and unlock new possibilities.
During the global tour, the Shenzhen Warm-Up Workshop will be held first on January 10, 2025 at the Bays Work Roadshow Hall, 1st Floor, Building G, North District, Qianhai Youth Dream Factory, Nanshan District, Shenzhen. Let us learn about this highly anticipated Hackathon event, gain inspiration, win a million-level prize pool, and ride the wave of TON!
1. 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 propositions:
Power of Liquidity 💧
The goal is to create a future-oriented liquidity solution for tgBTC, which can not only improve transaction depth in the decentralized market, but also take into account the wide application of centralized platforms. Specific requirements include:
Market Impact: By enhancing tgBTC liquidity in various markets, achieving true supply-demand interaction and high-frequency usage, thereby driving wider awareness and adoption;
Scalability: The solution should be able to adapt to the continuous expansion of market demand and ecological scale, and have the potential for rapid iteration and continuous optimization;
Technical Feasibility: Having clear implementation ideas, an operational technical framework, and controllable risks, laying a solid foundation for subsequent deployment and evolution;
Innovation a: Not sticking to traditional liquidity strategies, challenging the inherent model of the industry with a new dimension of thinking, injecting continuous vitality into the development of tgBTC.
Power of Distribution 🌍
The goal is to make tgBTC more easily integrated into the daily use scenarios of global Web2 and Web3 users, and to completely break down regional and technical barriers. Specific requirements include:
Ease of Adoption: From transaction process, currency holding method to actual application, the difficulty of operation in each link is reduced as much as possible, allowing users to experience tgBTC without obstacles;
Global Reach: Prioritize areas that have not yet been fully explored, create feasible landing strategies and distribution models, and enhance the radiation of tgBTC around the world;
User Experience: Considering both beginners and experienced players, providing a simple and intuitive design to enhance the appeal to the Web2 and Web3 communities;
Inclusivity: Fully consider different cultures, languages and usage habits, ensure compatibility in product form and implementation plan, and give more people the opportunity to access and use tgBTC.
Power of Yield 🌱
The goal is to bring more substantial and sustainable profit scenarios to tgBTC through innovative DeFi protocol integration. Specific requirements include:
DeFi Integration: Explore the diverse applications of tgBTC in various protocols such as Farming, Staking, Lending, etc., and create more opportunities for it to earn profits;
Yield Sustainability: Propose innovative solutions that can operate stably in the long term, taking into account the balance between yield and risk, and ensuring the sustainability of the revenue model;
Risk Mitigation: Minimize user risks through decentralized governance, smart contract audits, mortgage rate design, etc.
Creative Vision: Empower tgBTC with breakthrough ideas, giving it unique competitiveness in the fields of investment and financial management, and leading the next wave of DeFi trends.
Overall Excellence 🌟
Based on comprehensive consideration of the project's technical depth, commercial potential, creative performance and other dimensions, we will discover projects and teams that truly have breakthrough value. Specific requirements include:
Quality of Solution: Focus on the two-way balance between creativity and technology, ensure that the project is highly consistent with tgBTC goals, and have strong technical reliability;
Business Viability: A clear business model and long-term development path are needed to attract more market attention and resource investment;
Adoption Strategy: Propose clear promotion plans and competition strategies to quickly guide users to get started and form economies of scale;
Integration with TONX API: Effectively use the tools and interfaces provided by TONX in development to improve the overall performance and ecological impact of the project;
Proactive Security Solutions: Provide comprehensive security solutions from aspects such as smart contract vulnerabilities, user data protection, and anti-liquidity manipulation; encourage the use of multi-signature wallets (such as Tonkey) and other means to improve security.
Bonus points
In addition, 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 broad user base of this social platform will help to quickly reach and attract potential users; at the same time, if the unique and far-reaching tgBTC application scenarios can be used to expand market awareness and further highlight the functionality and innovative value of tgBTC; finally, if the technologies and tools provided by the TONX API can be fully integrated, it will also bring additional points and deeper ecological influence to the project.
Nomination conditions:
New teams and projects only.
Development must be based on the TON technology stack (Tact or FunC).
Comply with laws, regulations, intellectual property rights and third-party rights.
Someone from the team must be present at the awards ceremony.
2. Activity Timeline
The entire process will span nearly three months, from workshops to one-on-one coaching, final roadshows, and the appearance at the HK Web3 Festival. All participants will receive all-round support from technology to business, from ideas to implementation.
Submit an application: TON Global BTCFi Hackathon is open for project proposals starting from 2024/12/27
Log in to Dorahacks to submit your BTCFi Hackathon registration:
https://dorahacks.io/hackathon/ton-btcfi/detail
Join the Workshop: You are welcome to participate offline in Shenzhen (1/10), or pay attention to the subsequent Singapore (1/22) and Hong Kong (2/20) stations.
Log in to the official Luma to register for the Shenzhen Workshop:
https://lu.ma/ton-btcfi-sz
Entering the development phase: You will continue to improve your project in the first two rounds (Workshops & 1-on-1 Mentorship).
Roadshow and judging: The final will be held on March 28, 2025 to compete for the final prize!
Award ceremony and follow-up: Online award ceremony on March 31, winners’ project panel sharing at HK Web3 Festival on April 8.
3. Shenzhen Warm-up Workshop | See you on January 10
After the global project is launched, Shenzhen will become the first offline workshop site.
Time: Friday, January 10, 2025, 13:00 – 17:00
Location: Bays Work Roadshow Hall, 1st Floor, Building G, North District, Qianhai Youth Dream Factory, Nanshan District, Shenzhen
Event Agenda
Summary of highlights from the Shenzhen Workshop
Industry expert dialogue:
Dr. Awesome Doge (TONX co-founder)
Flames Lan (Head of DeFi & Infrastructure, TON Ecosystem Asia Pacific)
Paul Li (TonBit Co-founder)
Luis Lu (TonBit Co-founder)
Comprehensive interpretation of BTCFi Hackathon: in-depth understanding of the event theme, technical requirements and evaluation criteria, and lock in potential tracks and innovation directions in advance.
Project display and inspiration collision: communicate with like-minded developers and teams on site to discuss the next trend in the crypto world.
Get resources before others: Get first-hand resources and mentor suggestions before the official Hackathon begins, laying a solid foundation for subsequent competitions.
Integrate into the TON ecosystem: Gain a deeper understanding of TON resources and development tools, and seize the full range of support provided by the community and officials.
The guests of this workshop will be Flames Lan (Head of DeFi & Infrastructure in Asia Pacific, TON Ecosystem), Paul Li (Co-founder of TonBit), Dr. Awesome Doge (Co-founder of TONX), and Luis Lu (Co-founder of TonBit). Through keynote and panel discussions, hot topics related to TON BTCFI such as "BTC Ecosystem Review and Outlook," "TonBit Security Practice," "TON BTCFI Roadmap," and "TON x BTC Ecosystem Potential" will be discussed.
At the same time, we will fully interpret the theme, technical requirements and evaluation criteria of this BTCFi Hackathon, so that you can lock in potential tracks and innovation directions in advance; through face-to-face communication with like-minded developers and teams, you will collide with more innovative inspirations and jointly discuss the next outlet in the TON ecosystem; before the Hackathon officially begins, you will have the opportunity to obtain official first-hand resources and mentor suggestions in advance, laying a solid foundation for subsequent participation; finally, through the event, you can also deeply integrate into the TON ecosystem, fully understand the technical support and development tools it provides, seize the all-round support of the community and officials, and accelerate the implementation of your project and detonate its potential.
4. Million-dollar reward pool, don’t miss this opportunity
The prize pool for this BTCFi Hackathon has reached $1,000,000. Not only that, you will also have the opportunity to win:
Direct support from the TON Foundation: Assisting in improving project liquidity and expanding user scale
Security audit and technical guidance: As a security expert in the TON ecosystem, TonBit will provide security audit and protection for the project.
Investment opportunities: communicate closely with investors and win the favor of institutions and communities
Official API and developer resources: Deeply connect with the TONX API ecosystem to obtain efficient development tools
5. Why should you join BTCFi Hackathon?
Change the future of BTC: This is an opportunity to perfectly integrate Bitcoin and TON to achieve more efficient and wider applications.
Project Fast Track: You will receive special support from the TON Foundation and receive priority treatment in liquidity, resource docking, and business development.
Integrate into an active community: Compete with developers around the world, and support each other with existing projects and teams in the TON ecosystem.
Million-dollar prize: additional security audits, investment opportunities, and ecological resources to help emerging projects become famous and enter the international stage.
Conclusion
From online submission to offline workshop, and then to the final roadshow and the peak display at the Web3 Festival, this is not only a novel technology feast, but also an excellent opportunity to leverage the future of BTC and TON ecology.
About Co-host
TONX
Founded in 2021, TONX is a SuperApp platform layer that powers the next-generation 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 more than 20 leading projects, and Tonkey, a secure multi-signature wallet that manages more than $400 million in assets.
TONX has successfully hosted more than 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 and dedicated to advancing TON's development goals. Founded in Switzerland in 2023, the Foundation brings together expertise from multiple fields to focus on supporting protocol development, guiding platform construction, and promoting ecosystem growth. While the Foundation advocates TON's mission, it does not exercise any power over TON. TON runs on open source software, welcomes all individual opinions and contributions, and always remains independent of any centralized control. For more information, please visit: https://ton.foundation.
TON Society
TON Society is a global, grassroots-driven movement dedicated to supporting the TON community through growth mechanisms and events, and to connecting the TON community to the real world.
TON Society is a place for revolutionaries who are actively building a better Internet.
Website|X| Telegram
TonBit
As a core sub-brand of BitsLab, TonBit is a security expert and early builder within the TON ecosystem. As the main security provider of the TON blockchain, TonBit focuses on comprehensive security audits, including audits of Tact and FunC languages, to ensure the integrity and resilience of TON-based projects. To date, TonBit has successfully audited several well-known projects including Catizen, Algebra, UTonic, and discovered multiple critical vulnerabilities, demonstrating our outstanding capabilities in the field of blockchain security. In addition, TonBit also successfully held the TON CTF competition, which attracted many participants and gained widespread attention, further consolidating its position as a security expert in the TON ecosystem. In the future, TonBit will continue to safeguard blockchain security and promote the sustainable development of technology and ecology.
