Core DAO will reward GameFi and DeFi builders for adding value to its ecosystem with innovative protocols and dApps.
Core DAO Announce S-Prize Challenges for Ecosystem Development
Core DAO has launched the Satoshi Prize (S-Prize) competition for developers building their protocols with quality use cases on the Core mainnet. The Satoshi Plus platform will reward builders up to $650,000 across two themes—GameFi and Decentralized Finance (DeFi).
As BSC News reported in February, Core DAO introduced the S-Prize initiative to incentivize the development of valuable Decentralized Applications (dApp) and reward builders for the value added to the Core network. The S-Prize reward mechanism replaces grants by rewarding only valuable developers in the Core ecosystem after they complete challenges.
Core DAO announced the S-Prize competition tailored to reward GameFi and DeFi developers on March 8. The protocol also shared extensive details about the competitions via Medium.
For GameFi developers building on Core mainnet, the protocol will share a bounty prize worth $250,000 amongst selected winners. The challenge is to build the next Web3 game on Core blockchain with the aim of onboarding many users.
On the DeFi front, $400,000 will be shared across four key DeFi categories: Decentralized Exchange (DEX), Lend/Borrow, Derivatives, and Others. The challenge is for developers to build the next big protocol on Core blockchain and drive Total Value Locked (TVL) to their products.
The competition for both challenges will kickstart on March 10 at 12 PM UTC, and Core-based protocols do not need to apply to participate. All that is required is for both new and existing protocols to start building their innovative dApps right away. Core DAO will take snapshots 2, 4, and 6 months after the start date based on the following metrics:
- Most TVL and weekly active addresses for DeFi protocols.
- Most weekly active addresses for GameFi protocols.
For more information about prizes, rules, and more, refer to the following Core DAO links below:
What is Core DAO:
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem’s history and an even greater excitement for Core’s role in its future.
Where to find Core DAO:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
