HOT Labs received a $500,000 grant from the TON Foundation to create the TON Memecoin platform

ChainCatcher message, TON Foundation has awarded 500,000 US dollars in funding to the blockchain developer HOT Labs. The funds will be used to create a platform for deploying and operating memecoin on TON. HOT Labs is one of the first recipients of funding from the TON Foundation. After receiving a $500,000 grant, the recipients are required to set KPIs, submit a project progress report every two weeks, and provide regular project updates. The TON Memecoin working group will support recipients, including HOT Labs, by leading and promoting marketing and business development efforts. HOT Labs is a research team that has built multiple products around Chain Signature, founded by Petr Volnov and Yuriy Olentyr.