The Ston.fi grant program is not merely a source of funding; it serves as a robust support framework aimed at fostering innovation within the TON ecosystem.
Conversations with Web3 project founders and developers reveal that the current advancements are just the beginning of what the blockchain ecosystem can achieve. Feedback suggests that the foresight of developers and founders aligns closely with observed trends.
The aspirations articulated by these individuals highlight the exciting future awaiting us. However, their determination and perseverance alone may not suffice to translate these visions into practical applications. In such circumstances, grants often provide essential support, as exemplified by successful initiatives like Chainlink and the leading crypto DEX, Uniswap, which benefited from initial backing from the Ethereum Foundation, among others. This understanding of what a promising Web3 startup requires to thrive is the motivation behind launching the “Stonfi Grant Program” in May 2024.
This article offers an in-depth exploration of the Ston.fi grant program, highlighting successfully supported projects. Additionally, new teams that have been integrated into the program will be presented to provide readers with insights into the design and uniqueness of these initiatives and their significance to the development of the TON ecosystem and blockchain as a whole.
Let’s get started!
The Distinct Model of the Ston.fi Grant Program
If you are unfamiliar with grants or early-stage funding, you might assume these programs offer only monetary support to startups. While funding is part of the process, the Ston.fi program distinguishes itself by providing various crucial opportunities including:
- Access to essential resources like STONfi’s SDK, facilitating the integration of new features for decentralized application (dApp) development.
- Guidance and expert opinions provided by Ston.fi’s thought leaders on various technical matters.
- Opportunities for startups to engage and collaborate with other projects, fostering idea exchange and problem-solving. In the end, they can showcase their projects within the STON.fi ecosystem and subsequently to the broader TON blockchain network.
Previous Success Stories
A list of promising projects is regularly shared on the Stonfi Telegram channel to align with the web3 ethos that values community engagement as essential to project success.
Following the November grant announcement by Ston.fi, I published an analysis of these projects, detailing their designs and benefits for users. More information is available here. With previously funded projects, Ston.fi has effectively leveraged two key features.
Firstly, they eliminate financial and technical obstacles, allowing developers to concentrate on creating meaningful protocols with practical on-chain and real-world applications. Secondly, this grant program enhances the utility, scalability, and integration of products such as Telegram bots within existing web3 technologies, further promoting TON adoption and welcoming more users to the ecosystem.
New Projects Added to the Grant Programs
In this section, we will discuss:
- A brief description of each project.
- The unique features that set the project apart.
- The benefits of the project to users, Ston.fi, and the TON ecosystem.
1. Uniramp
Brief Description
Uniramp provides a universal onramping solution for Web3 businesses, transforming fiat currency into cryptocurrencies like USDT, streamlining the acquisition and disposition of digital assets.
Over 100 businesses have successfully implemented the Uniramp API and widget to integrate seamless onramping solutions into their services.
According to their FAQ, “businesses wishing to integrate our widget/API can do so at no charge. Interested parties can fill out the form, and we will follow up.”
Standout Feature
A key advantage of Uniramp is its substantial on-chain liquidity, enabling transactions that typically fall outside the purview of fiat gateways. Presently, it supports over 9,000 additional cryptocurrency tokens.
Benefits of Uniramp to Ston.fi
By utilizing the STONfi SDK, Uniramp will soon facilitate quick and secure exchanges between fiat and TON as well as USDt via the STON.fi DEX. Find out more about Uniramp here.
2. Meme.Live
Meme.live is a launchpad for memecoins across various blockchains, operating as a decentralized exchange (DEX) that facilitates project introductions and funding. It aims to provide projects a public launch without presales, ensuring equal opportunities for all participating initiatives.
Standout Feature
In light of prevalent scams and fraudulent projects in the industry, Meme.live intends to position itself as a trusted launchpad performing due diligence to ensure credibility for users and investors. This is poised to be a significant growth factor for the platform.
Benefits of Memelive to Ston.fi
Tokens launched on Meme.live that capture sufficient funding will be automatically listed for trading on the STON.fi DEX, broadening trading opportunities within the Ston.fi ecosystem.
Ston.fi users will also gain as early investments in successful projects often lead to lucrative returns. Find out more about Memelive here.
3. TON Hedge
Brief Description
As the decentralized finance landscape on the TON blockchain evolves, Ton Hedge introduces an opportunity for users to engage in options trading, where financial contracts grant holders rights to buy or sell assets at predetermined prices over specified periods.
Standout Feature
Being a pioneer in its field, Ton Hedge gives users the ability to profit from forecasting price movements of TON, alongside providing liquidity and earning passive rewards.
Benefits of Ton Hedge to Ston.fi
After integrating the STON.fi SDK, users of TON Hedge will enjoy the convenience of making payments in various tokens featured on the platform. They can also engage in price prediction activities related to TON.
Additional information about Ton Hedge can be found here…
Main Features of the Ston.fi Grant Program
- The STON.fi Grant Program is more than just funding; it provides a holistic support system aimed at spurring innovation in Web3 and decentralized finance.
- Ston.fi offers development grants up to $10,000, covering product development, user acquisition, and enhancements to existing infrastructure, tailored to match the startup’s development stage.
- The Ston.fi grant program is open to individuals and teams at any development stage, provided their proposals focus on Web3, blockchain, or DeFi.
- To apply, visit the official STON.fi Grant program page: https://ston.fi/grant-program. Project developers should include key details about the protocol’s objectives, technical framework, and anticipated impact.
In Conclusion
Developers interested in advancing their projects are welcome to engage and contribute to this collective mission.
