This grant Program represents more than just financial assistance; it is a support system designed to drive innovation on TON.
Stonfi Grant.
From the experience of speaking with Web3 based project founders, and developers, it seems the waves of development we have witnessed are just a drop in the ocean of what the future will offer the whole blockchain ecosystem. Based on what we have witnessed at this beginning of web3 development timeline, the predictions of developers and founders sounds more right than wrong.
The ideas these folks talk about is worth anticipating the future in every sense of it. However, their will-power, determination and resilience will not be enough to engineer or birth their ideas in to tangible use cases. Grants are usually a better option in this type of scenario. As seen with successful projects like Chainlink and Crypto’s most popular DEX — Uniswap who benefitted from early support from the Ethereum Foundation, among others. The knowledge of what a promising web3 start-up needs to thrive is the driving force behind the launch of the “Stonfi Grant Program” in May, 2024.
The article is written as a deep dive into the Ston.fi grant program and enlist it’s successfully supported projects. Furthermore, the new teams added to the programs will be discussed to give readers an overview of the design and uniqueness of these projects and their relevance to development in TON and blockchain as a whole.
Let’s dive in !
The Unique Model of Ston.fi Grant Program
If you’re new to the world of grants or early funding, you may share the misconception that these programs provide only money to start-ups. Startups receive money for sure, but additionally Ston.fi’s program differs from others as and offers other pivotal opportunities to these startups including —
access to relevant resources such as the STONfi’s SDK to add new features that simplify the creation of decentralized applications (dApps).Ston.fi through it’s thought leaders also provide constant guidance and furnish developers with expert opinions on certain elements.Start-ups also have the opportunity to interact and collaborate with other start ups to exchange novel ideas and solve challenges. In the end, they are able to showcase their project within the STON.fi ecosystem first and then to the whole TON Blockchain network.
Previous Success Stories.
Periodically on the Stonfi telegram channel, a list of these promising projects are published for all users to see. I think this is done because of its alignment with web3 culture as the community is as important as the project itself. Community backing on a project is a great tip for success.
Shortly after the official November grant publication by Ston.fi, I wrote about these projects, their design and benefits to users. More details here… With previously funded projects, ston.fi has done an excellent job of harnessing 2 core features.
First, they remove the financial and technical barriers, enabling developers focus solely on building impactful protocols with relevant on-chain and real life usecases. Second, this grant program engineers TON’s utility, scalability, and integration of available products like telegram bots across existing web3 technologies, furthering TON adoption and onboarding more users to TON.
New Additions to the Grant Programs
In this section, we will cover
A brief description of the projectThe project standout featureIts benefits to users, Ston.fi and TON ecosystem.
1. Uniramp
Brief Description
Uniramp is Universal onramping solution for web3 businesses. Onramping is the process of converting fiat currency in any country to Cryptocurrency like USDT making it seamless to buy and sell Digital assets.
Uniramp API and widget have helped over 100+ businesses integrate onramping solutions to their products.The best part of their service is stated in the FAQ section “businesses who wish can integrate our widget/API for free. If you’re interested, please fill out the form, and we will contact you.”
Standout Feature
Uniramp’s main selling point revolves around its abundant on-chain liquidity that facilitates transactions that fiat gateways typically cannot support. Currently they are able to accommodate over 9,000 additional crypto tokens.
Uniramp’s benefits to Ston.fi
Uniramp uses the STONfi SDK to add its new features. Soon, the platform will allow fast and secure exchange of fiat currency for TON and USDt using STON.fi DEX. Find out more about Uniramp here.
2. Meme.Live
Meme.live is a launchpad for memecoins across various blockchains. A crypto launchpad, is a decentralized exchange (DEX) — based platform where crypto projects are introduced and can obtain funding. Meme live aims at offering projects a public fair launch without a presale and guarantees equal conditions for all participating projects.
Standout Feature
Despite crypto’s success, many new coins and projects launched come off as scams with investors money going into thin air. As Memelive matures it will be a trusted crypto launchpads performing due diligence research on behalf of users and investors. I tip this feature to be a growth catalyst for memelive.
Memelive’s benefits to Ston.fi
For Ston.fi, tokens launched on Meme.live that attract sufficient user funds will automatically be listed for trade on the DEX, expanding trading opportunities on the STON.fi DEX.
Stonfi users will benefit too as investing early in a successful project early is a sure ticket for a good fortune. Find out more about Memelive here.
3. TON Hedge
Brief Description
As the decentralised financial market on TON blockchain matures, Ton Hedge offers a new opportunity for users to participate in Options trading. Options are financial contracts that give the holder the right to buy or sell a financial instrument at a specific price for a certain period of time.
Standout Feature
Being the first of its kind, Ton Hedge offers its users an opportunity to earn by predicting TON price changes. Users can also provide liquidity on TON hedge and earn passive tokens on it. A first mover’s advantage could be a big spark in TON hedge’s development and mainstream adoption.
Ton Hedge’s benefits to Ston.fi
After integrating the STON.fi SDK, TON Hedge users will be able to pay for the service using various tokens available on our platform. Again users have the opportunity to predict the price of TON.
More information about Ton Hedge here…
Main Highlights of the Ston.fi Grant Program
The STON.fi Grant Program represents more than just financial assistance; it is a comprehensive support system designed to drive innovation in Web3 and decentralized finance.Ston.fi offers development grants of up to $10,000. The scope of development include product development, user acquisition, and improving existing infrastructures. These financial assistances are in-line with the stages of development of the start-up.The Ston.fi grant program is open to individuals, startups, and established teams, regardless of their development stage. However, the intended protocol must be focused on Web3, blockchain, or DeFi.To apply, visit the official STON.fi Grant program page: https://ston.fi/grant-program. Key details about the protocol including its objectives, technical framework, and potential impact are to be provided by the project developers.
In Conclusion
If you’re a developer, feel free to show interest and join this mission to take your project to the next level.
Enjoyed reading this article? Please clap and follow me as a show of your support! Here are additional relevant resources on Ston.fi.
Helpful Resources
STON.fi DEX Data on DeFi Lama: STON.fi’s Total Value Locked (TVL) is around $160M [See More on Defi Lama]TON Protocols Stats: Data about TON network stats including total transactions, performance, total fees, etc. can be found on TON Stat and you can also find some stats on Tonscan.STON.fi market on Dexscreener: You can find STON.fi on Dexscreener to see STON.fi’s liquidity pools and trading pairs.
Navigating Ston.fi Grant Program’s Success and New Participants. was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.