Toncoin Price Sees +14% Boost as Project Looks to Onboard New Smart Contract Developers

Key highlights:

• The price of Toncoin jumped over 14% recently as the TON blockchain ramps up its efforts to get more programmers involved with its smart contract language, Tact.
• Between grants of up to $100k for projects and tutorials from big names in the field, TON is throwing money and resources at attracting outside talent to light a fire under its ecosystem.
• Detailed docs and video tutorials by programming pro-Vladimir Alefman make picking up Tact a playground pursuit.

The price of Toncoin has surged over 14% in the past 24 hours as the TON blockchain project ramps up efforts to attract new developers to its smart contract programming language, Tact.

What makes Tact so special?

As many in the crypto world know, the choice of programming language is a crucial factor in a blockchain’s ability to onboard builders and drive development. In a recent tweet, the TON Foundation highlighted some of Tact’s unique advantages over other smart contract languages. According to their article on the TON blog, Tact was designed with accessibility and simplicity in mind while still providing powerful functionality for blockchain applications.

Curious about #SmartContracts on #TON? ?

Meet Tact, a new programming language designed for it! Wondering why not just use existing languages? Our recent article unpacks the unique advantages of Tact.

Read more? https://t.co/QgcNZy1XsS

— TON ? (@ton_blockchain) August 28, 2023

Using principles like message-oriented programming, Tact allows developers to focus on business logic rather than implementation details. This makes the learning curve more gentle for newcomers transitioning from languages like JavaScript, Python, and Solidity. Under the hood, Tact’s asynchronous messaging also allows for high scalability- a necessity for the lightning-speed transactions TON hopes to provide.

Developer incentives in play

Some analysts believe the 14% surge in Toncoin’s price may be partly fueled by speculators betting on increased development activity. And why wouldn’t they? In addition to Tact’s intuitive design, the TON Foundation has rolled out attractive incentives for builders. The recently launched Tonpulse program provides grants of up to $100k to fund promising TON projects.

As any developer knows, money talks- and with programs like Tonpulse in place, the TON blockchain is speaking loudly to attract outside talent. Of course, the true test will be whether these incentive efforts successfully migrate projects from existing smart contract avenues like Ethereum. But for now, the market seems optimistic about Tact’s potential to unlock new innovation on TON.

A tutorial for all skill levels

For those interested in getting hands-on with Tact, the TON Foundation makes it remarkably easy. In addition to thorough documentation, video tutorials by programming luminary Vladimir Alefman are publicly available to walk through Tact fundamentals. Beginners and experts alike can access Mr. Alefman’s engaging, conversational style free of charge.

With implementation barriers lowered and the prospect of both intellectual and financial rewards dangled before them, it seems the TON project is priming its ecosystem for explosive growth.