TON Seed

**TON Seed** is a platform for fundraising and searching for like-minded people to realize start-ups withing the Free TON blockchain ecosystem. The platform works on the principle of crowdfunding, that is, at the expense of voluntary contributions that can be made by anyone who has TON Crystal tokens.

In the Free TON community there are two ways to get funds: rewards for winning places in competitions or grants for a mutually beneficial partnership. The TON Seed platform is a new way to get funds. However, it should be noted, that this refers only to financial support of a start-up that only makes its first steps.

The author of the project, Margarita Sukhoruchenkova, published the idea of creating a resource on the community forum. Broxus supported this idea and got down to the website development together with the author. On April 13, 2021, at the 49th online community meeting, Margarita presented the released website of the platform, described and demonstrated its functionality in detail and answered questions from the meeting participants.

## TON Seed principle of operation

Log in to the website is done through Telegram account, registration on the platform is not required.

To create a project, one should proceed as follows:

1. To provide general information about the project and its goals. To share the contact details, post links to the website or video about the project.

2. To describe an idea of the partnership with Free TON and the integration plan of actions. To give a timeframe and necessary total budget as well as show the value the product creates for the ecosystem.

3. To public statistical data characterizing the project: transaction volumes, number of visits, request statistics etc.

4. To indicate the required budget for the project start (minimum 100, maximum 20000 TON Crystals) and invite experts and like-minded people to join the team.

The author sends the project for moderation which lasts up to 3 days, and then it is published on the platform. At the time of writing this article (April 2021) the publication period was 21 days. In future, with the website traffic increase, this period will be reduced to 14 days. During this time, the Free TON community has an opportunity to find out more about the project, contact its team to ask relevant questions as well as support it by sending the TON Crystal tokens if desired. All transactions are saved and displayed on the start-up page and are available for public use. Usually, fundraising through the platform is done on the first stage, the further financing comes either from the Free TON Governance or from one of the subgovernances.

If the start-up receives due support on the TON Seed website, then the next step is to follow points for which the funds were collected. Once done the start-up is published on the http://gov.freeton.org/ to get funds for next stages. After receiving funds and getting the first profit the start-up returns the funds, multiplied by the coefficient, to participants who supported the project at the stage of its publication on the TON Seed. The coefficient depends on the amount invested in the start-up.

To support the project, one first should replenish his platform account balance. Funds withdrawal from this account is possible at any time, if necessary.

In case the funds, raised by the start-up, are less than the required amount, they are not transferred to the author of the project but returned to the platform account balance to the community members, who supported the project, less the network 0,1% fee.

The platform does not guarantee the return of funds invested to the project by the participants. The responsibility for the implementation and return of funds lies fully with the start-up team.

At the time of writing this article (April 2021) the platform operates on the Broxus back-end but in future it is planned to switch to the Free TON smart contracts. Then the TON Seed will become an Open-Source platform.

## Links

1. TON Seed Website
2. Broxus
3. TON Seed terms of use