Apply for TonUP Grants

Grants Programs
1

TonUP and Foresight X are excited to announce the launch of our grants program, offering more than 200K USD in funding to support innovative projects and initiatives. We welcome applications from individuals, organizations, and teams who are passionate about driving positive change and making a meaningful impact in their communities.

To apply for the grants, please reply to this thread with the following information:

  • About the projects (description)
  • What problem are you trying to solved?
  • How can you benefit the TON / TonUP ecosystem?
  • Background of the team and contacts

Thank you for your interest in the TonUP and Foresight X grants program. We look forward to have you on TonUP.

2

  • About the projects (description)
    Project Name: TonGPU
    Website: https://tongpu.xyz
    Whitepaper: docs.tongpu.xyz
    dapp: https://dapp.tongpu.xyz (will be released before April 1st)
    One sentence to describe: Utilize users’ idle computational resources to meet the asynchronous training needs of large-scale AI models, creating a mutually beneficial scenario for winwin

  • What problem are you trying to solved?
    Problem 1: High Costs and Lack of Flexibility in Centralized Cloud Services
    Problem 2: Underutilized High-Performance User Equipment

  • How can you benefit the TON / TonUP ecosystem?
    To address the aforementioned challenges, our solution is to provide a decentralized computational power leasing platform that fully utilizes idle user machines, offering unused computational resources to those who genuinely need them. This approach facilitates a mutually beneficial scenario for both resource providers and lessees. Leveraging the robust user community on the Ton blockchain, our dApp will initially launch in a web version, followed by development within the Telegram mini-app environment. This integration will enable all Telegram users to conveniently rent out or lease others’ machines directly within Telegram. Our dApp is scheduled to go live before April 1st, commencing epoch 1 of our early rewards program. All machines joining our network will be rewarded based on their online duration, encouraging participation and contribution to the network. This strategic rollout aims to streamline the process of computational resource sharing, making it accessible, efficient, and profitable for participants, thereby fostering a vibrant ecosystem for AI and machine learning development.

  • Background of the team and contacts
    Our team consists of 6 members, including:

  1. CEO Focuses on researching business and economic models, pinpointing customer sources, and exploring sustainable business models combined with blockchain.
  2. Contract Developer With extensive experience in blockchain development, proficient in languages including FunC, C++, Rust, and Solidity, having developed over 2000 different contract functionalities.
  3. Full Stack Engineer Responsible for website development and backend coding, previously developed a web-based shooting game.
  4. Asynchronous AI Training Engineer Possesses years of experience in deep model training, primarily using PyTorch and TensorFlow.
  5. Marketing Manager Specializes in marketing within the TG ecosystem, proficient in various social media tools, and maintains good relationships with KOLs and communities.
  6. Community Manager Proficient in using various social media management tools, maintains community engagement, and answers community inquiries.
    Contact:
    @DFKGPU (Telegram)
    admin@tongpu.xyz
3

Hi.
We are excited about what Ton is up to.
We believe that having a Bridge to Ton will increase the liquidity of the NFT market and will allow Ton to increase its marketshare in the NFT market, and get increased liquidity for its NFT segment.

A little about us:

NFT Bridges pioneers an essential infrastructure for the seamless transfer of NFTs across blockchain ecosystems, unlocking new levels of liquidity and market potential.

Our platform simplifies the complex process of NFT bridging, providing an accessible solution for collections to expand their reach and value across multiple chains.

Key Highlights:

Seamless NFT Bridging: Facilitates easy transfer of NFTs between major blockchains, including Ethereum, Polygon, Flow, Solana, Stacks, and Bitcoin as Ordinals.

Market Expansion: By bridging NFTs to new chains, collections can tap into new liquidity pools and collector bases, significantly enhancing their value and visibility.

Innovation and Accessibility: Our Teleport Token not only enables chain-agnostic transfers but also supports innovative NFT-based lending services, making NFT transactions more accessible to a broader audience.

We are currently raising a pre-seed round of $500,000, having already secured $70,000 from the Bitcoin Frontier Fund.

Valuation: $10,000.000

Raise: $500,000

Pre-sale price is $0.0075 per token.

Vesting: 50% after one year. The rest at 3 months cliffs over the second year.

TGE: Q3 2024 - 5% unlock

Backers: Bitcoin Frontier Fund

Links:

Team and advisors:
https://about.nftbridges.xyz/

Our Lite paper:

4

First CeDeFi Yield Layer in Ton

About the projects (description)： Upton Finance is the Yield Layer of Telegram ecosystem. Our mission is to enable 900M Telegram users to enjoy high-yield financial services, achieving true financial equality.

  • Product Mechanism: Using CeDeFi funding rate arbitrage to achieve 15% staking APY. Using TG Game to attract and onboard 1M on-chain users.
  • Market Leader: Top #1 in Telegram Saving Accounts and CeDeFi Staking Sector.
  • Founding team from MIT, Tsinghua, UBS, Tencent, Byte Dance, and hedge funds. Professional in Finance and CS, with 3+ years of crypto entrepreneurial experience together.

Our current traction:
Yield: Our strategy has been tested for 80+days with an average APY of ~10%
TVL: secured 10MM TVL commitments from miners, institutions that we’ve previously cooperated with, and Cobo’s sister company coinsummer
Users: Our mini-game (used to convert seed users) already reached 600,000 users. 20% of them are expected to have on-chain wallet. Among the on-chain users, 20% of them are expected to stake on our staking service and gain yields. This made us 24,000 users at the very begining (expected, not including future natural growth).
Business Partners: 1. 500 KOLs with a total followers of 10mm 2. Media Channels including: The Block, cointelegrah, foresight news, 律动, 深潮 3. Commnuties and Ton Projects: 13 projects and 2 communities with a total followers of 1.2mm

What problem are you trying to solved?

2C Problem: Need for a easy-to-use High-Yield Savings Product: Telegram is considered the global equivalent of WeChat. Users’ asset on Ton Ecosystem are idle and not generating yields, and there’s no easy-to-access yield-generating channels. TON lacks a robust, high-yield DeFi protocol for generating returns, akin to Ethena’s high-yield savings product or money market fund.

2C Solution: We’re the first CeDeFi staking protocol on the TON and positioned as the Money Market Fund of TON. We provide 1. high-yield(achived through our funding rate arbitrage strategy), 2. secured savings solutions (through our collaboration with Cobo), and 3. easy-to-use(GameFi experience) yield generation solution to the 900MM telegram users.

2B Problem: Popular Telegram-based games lack straightforward access to DeFi services. These projects are often restricted to basic gaming functionalities that do not capitalize on the financial opportunities.

2B Solution: We integrate these games with our DeFi capabilities by building an interface on their game and connect to our service. The game then enjoy the yield we generated and saves the procedure of mannully staking every transaction users made.

How can you benefit the TON / TonUP ecosystem?

  • Empowering the Ton DeFi Ecosystem Through Staking Rewards: Our staking rewards program offers a unique opportunity for both retail users(2C) and projects(2B) to enhance their financial positions within the Ton DeFi ecosystem. By engaging in staking, individual users can grow their wealth through interest income, while project teams can leverage staking as a means to increase their financial resources. This dual approach not only benefits participants directly but also contributes to the overall economic vibrancy and sustainability of the Ton DeFi ecosystem.
  • Draining assets from other chains to TON: We will conduct an expansion to connect to other chains, primarily EVM chains like the Ethereum mainnet, and offering service of depositing assets from other chains for staking, such as ETH and stETH on EVM chains

Background of the team and contacts
Founding team from MIT, Tsinghua, UBS, Tencent, Byte Dance, and hedge funds. Professional in Finance and CS, with 3+ years of crypto entrepreneurial experience together.
Investment Memo: DocSend
Contact: Telegram: Contact @Jeffy_jz