Smart contract developers for TON will receive up to $ 400 thousand

Representatives of the Telegram messenger announced a competition to create smart contracts for the Telegram Open Network (TON) blockchain platform.

According to the terms of the competition, participants must:

- create one or more smart contracts in accordance with the description in the attached file;
- offer improvements for FunC or TON virtual machine;
- identify bugs and suggest corrections for the Telegram Open Network test network.

The prize pool is from $ 200,000 to $ 400,000

The launch of the Telegram Open Network main network should take place no later than October 31, otherwise, in accordance with the agreement, the project is obligated to return funds to investors.

The TON blockchain will be based on the Proof-of-Stake consensus algorithm. The new system promises to be productive and multi-level. So, in addition to the main blockchain (Masterchain), the Telegram Open Network involves the support of many so-called shardchaynov and workchains.