Filecoin Grant online hackathon has started recruitment, with a total prize pool of 50,000 US dollars

Original title: "Filecoin Grant Online Hackathon Recruitment: 50K USD Prize Pool Waiting for You to Divide"

Original source: Filecoin Network

From May 1, 2021, the Filecoin Grant Online Hackathon will be officially launched on the DoraHacks developer platform Hackerlink.

This Hackathon is sponsored by Filecoin with a $50,000 prize pool, encouraging developers to contribute ideas and early projects to the Filecoin ecosystem. Among them, the 25K bonus pool is distributed according to the community donation voting results, and the 25K is decided by the judges to vote. Developers from all over the world are welcome to submit Filecoin-based blockchain projects.

In addition to generous bonuses, the Filecoin technical team has specially designed a series of workshops to explain how to get started with Filecoin development; and the person in charge of the Filecoin ecosystem will explain to you how to join Filecoin developers What are the benefits of the ecology?

Filecoin Grant is ready for you

1. Generous bonus: $25K initial bonus pool + $25K judge bonus pool, totaling $50K.

2. The jury: observe the whole process, discover potential projects, and vote to allocate a 25K USD judge prize pool.

3. Filecoin team support: Excellent projects have the opportunity to communicate directly with Filecoin and get full assistance from the Filecoin team.

4. Technical Guidance Workshop: The technical instructor from Filecoin will explain to you how to get started with the Filecoin ecology through a series of workshops.

5. Team/project publicity and exposure: Each participating project has the opportunity to participate in the Demo Day live broadcast for project display, which has gained a lot of exposure; after the demo, the IPFS Chinese community will also conduct an exclusive interview with the project.

6. Potential investment opportunities: Participate in the live broadcast of the project Demo Day, so that more investors can see your project.

The members of the capital observation team include:

Fenbushi Capital, Binance Smart Chain, OKExChain, HECO, DFG, SNZ, NGC , Multicoin, Dragonfly, HashKey, Candaq, Delian Capital, CabinVC, Kernel Ventures, Collin Capital, DoraHacks Ventures 

The composition of the bonus pool

Every vote of a voter will directly affect the bonus distribution.

Grant bonus consists of three parts:

a.  Community Voting: Community users will choose what they are interested in and think has potential The Hacker project will vote, and the USDC spent on this part of the vote will be directly distributed to the project team that was voted after the event.

b.  25K initial bonus pool: The initial bonus pool will be allocated to each project according to the popularity of the project.

c.  25K Judges Vote Prize Pool: The judges vote prize pool will be allocated to each project according to the judges' votes.

That is to say, the final reward of the project = community donation + initial bonus pool quota + judge bonus pool quota

Schedule

Hackathon pre-registration: open on April 25

Project submission: May 1-July 9

Project voting: May 1st - July 18th, 12:00 UTC+0

Workshop opening time: mid-May

First round of project demo: June 1st

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The demo of the second round of entries: starting on June 15th

The demo of the third round of entries: starting on July 1

The last concentrated quick demo of the entries: July 17th

End of the event: July 18th (UTC+0)

What projects can apply

Web3 app, dapp, and other projects built on the Filecoin ecosystem or related to Filecoin.

Who can apply

· Filecoin Ecology Existing developer team

· A team that has participated in other Filecoin Hackathons and continues to iterate the project

Developers who want to learn Filecoin-related blockchain technology

How to apply

1. Log in to hackerlink.io, click Grant-Filecoin Grant to apply (new users please register first).

2. Join the exclusive WeChat group for Filecoin developers to get first-hand event information. Developers without projects can also form a team in the group to jointly transform ideas into projects.

3. At the same time, in order to prevent fake projects from participating in the prize pool, please contact Brainhole Cat to verify the authenticity of the project

4. During the Hackathon, we will conduct multiple rounds of project demos. Uploading projects will gain more attention, increase project exposure, and attract more voting and financing opportunities.

5. After the Grant Round ends, in order to prevent Sybil-attacks, a 24-hour Grace Period will be held and the voting results will be announced . During the Grace Period, each project needs to contact HackerLink and confirm the authenticity of the project. After the Grace Period, the project can take out community donations and bonus pool matching bonuses.

About Filecoin

Filecoin is a decentralized, powerful foundation for human information. It turns cloud storage into an algorithmic market through network protocols. Filecoin's proof-of-storage mechanism is the new foundation for a distributed storage network with built-in incentives, and will drive the data storage and retrieval market across the Internet.

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