Toncoin is a high-speed, scalable and secure blockchain, which in the future, according to the TON Foundation, will be able to process 1+ million transactions per second. Due to the high scalability and speed, any applications and services can be launched on the basis of the network.<br />A decentralized approach will create a self-managed, reliable and stable system.

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Token Bridge Smart Contract Cracking Competition

Prize fund: Up to $50,000 
Deadline: 18:00 UTC on December 30
Who can participate: Everyone

The Task is to identify potential vulnerabilities and issues in the FunC and Solidity smart contracts of Token Bridge.

Using this bridge, users can transfer any ERC-20 or BEP-20 tokens (for example, USDC or USDT) originally created on Ethereum or BNB Smart Chain to the TON Blockchain, with the ability to return them back.

The transferred tokens will be represented on TON as regular Jettons so that TON services, such as DEXs, will be able to work with them without any additional modifications.

Evaluation Criteria and Prize Fund Distribution:
Bounties are dependent on the severity of the discovered issues and could potentially range from $200 for bugs which do not affect economical safety to $25,000 for major flaws which can lead to Bridge insolvency or unconditional loss of assets by users. Prizes will be distributed in TONs.

Please focus on issues, conditions and attacks…

🏆 TON Contests

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The core team has finished reviewing and testing the smart contracts of the Token Bridge.

We have devoted considerable time to this because the bridge will operate with a large number of tokens, and blockchain bridges currently are the main target of hackers.

Finally, we invite you to participate in a public contest to find vulnerabilities in the bridge’s smart contracts with a prize pool of $50,000.