- TON’s hackathon finally concludes with ION Finance, re: doubt, and OPTUS.fi emerging as the top 3 winners respectively.
- The price of Toncoin has continued to overperform as it recorded a 58% increase in the last 1 year.
Renowned Open Network, TON has wrapped up the remarkable hackathon it held recently in collaboration with DWF Labs and Amazon Web Services.
Dubbed Hack-a-TON x DWF Labs x AWS, the event saw TON bringing together DeFi enthusiasts from different parts of the world to learn and engage with a community of Web 3.0 builders.
With the opportunity to access virtual workshops led by industry veterans, the hackathon served as a learning and facilitated platform for participants to design, code, and build on their ideas. The ideas and solutions presented by participants were showcased at the event finale.
TON Unveils Winners for Hack-a-TON x DWF Labs x AWS
While submitted projects have been judged and rated on the basis of pitch, quality of idea, ‘wow’ factor, problem-solving technique, and business merit, the hackathon concluded during the early weeks of September with an offline showcase at the AWS Headquarters in Singapore.
A few days after the final submission of projects saw anticipations reaching its climax as TON took to Twitter to finally announce the top 3 winners of Hack-a-TON x DWF Labs x AWS.
Starting with the third position, the unveiling of winners commenced as TON announced OPTUS.fi, a decentralized exchange and first DEX aggregator on TON, as the third-place winner of the successfully conducted hackathon.
As a thriving startup, OPTUS.fi offers DeFi users an insightful analytics dashboard that digs deep into essential aspects such as trading volume, liquidity, and price trends within the TON Ecosystem. It appears that its efficient mechanism in optimizing rates may have contributed to its emergence as one of TON’s hackathon winners. It optimizes trade by strategically dividing trades into smaller segments and efficiently executing them across a network of diverse exchanges.
This position saw the project bagging $30,000 worth of TON sponsored by DWF Labs and TON grants worth $30,000. As part of the grants, OPTUS.fi also received $10,000 worth of AWS credits.
Moving on to the next winner saw re: doubt, a TON blockchain research infrastructure provider emerged as the second place winner of Hack-a-TON x DWFLabs x AWS startups.
While TON announced re: doubt as the second winner of its remarkable hackathon, it acknowledged its ability to offer responsive web-based DeFi solutions that are both user-friendly and quick to market. Over time, the platform has displayed efficiency in making it easy for users to assess complex data on TON.
Notably, re: doubt is able to achieve this by leveraging real-time data streaming followed by a strategic partnership with TradingView.
Compensating its victory, re: doubt was awarded $50,000 worth of TON sponsored by DWF Labs, $50,000 in TON grants and $10,000 worth of AWS credits.
ION Finance Bags First Position at Hack-a-TON x DWFLabs x AWS startups
Lastly, TON announced ION Finance, an advanced decentralized exchange on TON, as the overall winner of the hackathon. Emerging as the first place winner ofHack-a-TON x DWFLabs x AWS startups, ION Finance received a whooping reward of $70,000 worth of TON sponsored by DWF Labs, $70,000 in TON grants, and $10,000 worth of AWS credits.
Apparently, ION Finance has successfully met the required standards needed to prevail at the event, thereby presenting itself as the overall best participant of Hack-a-TON x DWFLabs x AWS startups.
According to the announcement, ION Finance has outperformed its counterparts as an innovative platform that provides reliable tools alongside enhanced DEX offerings to elevate user experience on TON.
Furthermore, the AMM within the platform empowers users to seamlessly swap between stablecoins and volatile assets on TON while maintaining minimal slippage. Moreover, it incorporates an intelligent routing mechanism, elevating the trading journey through skillful navigation among various token pools.
Toncoin Price Continues to Overperform
The price of Toncoin has continued to sail positively, a trend which has been consistent for several months. Its remarkable growth suggests that the several developments and events that have been ongoing within the TON ecosystem have massively impacted the price of the token.
Data provided by Coincodex reveals a +1.81% increase in its price in the last 24 hours and a +45.45% over the last seven days. Impressively, the price of Toncoin has increased by 58% in the last 1 year.
Hence, the investment sentiments on the fate of the coin are bullish for the period. This consistent price surge has seen Toncoin trade at $ 2.49 as of the time of writing.