In an exciting development, the TON Accelerator has rolled out its new 'Cohort 0.2: Synergy' program, featuring a $5 million investment fund.

TON Accelerator The initiation of the $5 million Synergy program is designed to inspire collaborative product development across different blockchains and ecosystems. The Open Network (TON) and Mantle As a partner with the Ethereum Virtual Machine (EVM), this program intends to unite ambitious founders and developers with the TON’s active user community and facilitate access to an impressive $90 billion in cross-chain liquidity. Applications for this upcoming phase will be accepted until March 5th.

The accelerator is particularly focusing on projects that are either at the Seed, Pre-Seed, or MVP stages that can contribute novel solutions for the TON or EVM ecosystems, and which exhibit solid economic sustainability. Founders are encouraged to highlight their relevant experience, while projects should showcase a balance of business acumen and technical skill, indicating proven results. Moreover, these projects should aim to boost liquidity and expand the user base across both TON and Mantle, effectively bridging the two ecosystems.

We welcome projects from a variety of sectors, including Cross-Chain decentralized finance (DeFi), Personalized Liquid Staking Derivatives (LSDs), infrastructure development, cross-chain gaming, and other innovative applications across diverse chains.

The program by TON Accelerator not only offers financial backing of up to $500K but also extends robust support for project development.

Participants in the accelerator will benefit from a wide range of resources, including assistance with business strategies, networking opportunities with ecosystem projects and users through established channels in both Mantle and the TON environment, as well as marketing introductions and promotional features. Collaboration will also extend to tokenomics and strategic frameworks that promote effective feedback and sustainability, alongside product branding efforts. TON ecosystems Additionally, the program aims to provide technical guidance, ensuring the creation of stable technological architectures that undergo thorough testing facilitated by our security partners. Direct support options include audit funding, cloud and design credits, internal code reviews, and expert advice on product vision and infrastructure. Resources from both the TON and Mantle environments will be allocated to assist each project in navigating into the TON Virtual Machine (TVM), FunC, and EVM domains seamlessly.

The initiative plans to leverage its understanding of Telegram user dynamics and acquisition strategies to maximize user retention with minimal expenses. Projects will gain exposure through the TON Ecosystem and various marketing avenues, aiming to gather user feedback, bolster community development, and prepare for successful market entries.

Participants will also be helped in drafting thorough product specifications using platforms such as Gitbook and GitHub, ensuring alignment of their product concepts with the underlying tech infrastructure. Furthermore, the accelerator will produce a succinct investment opportunity memo that will be regularly refined and presented to essential partners. Mantle Each selected project will obtain initial funding from TON Ventures and the Mantle Eco Fund, with amounts ranging from $250,000 to $500,000, contingent on approval. Support will persist throughout the fundraising journey, including refining pitching strategies and articulating product visions. Due diligence will be shared with investment partners to streamline processes for future funding, ensuring this does not delay the start of the incubation phase.

Chosen projects will have the chance to engage in face-to-face meetings with mentors from the cohort, focusing on pairing them with experts aligned with their project aspirations who can provide invaluable guidance. Prominent mentors include Ian Wittkopp, who is the Managing Partner at TON Ventures; Isaac, an investor at Mantle EcoFund and Mirana Ventures; DeFi Maestro, a strategic mind at Mantle, among many other industry specialists.

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Alisa, an enthusiastic journalist at Cryptocurrencylistings, has a specialization in cryptocurrency, zero-knowledge protocols, investments, and the expansive field of Web3. With her deep understanding of nascent trends and innovations, she offers detailed coverage aimed at enlightening and engaging readers as the digital finance landscape continuously evolves.