The VeChain Foundation, the governance behind the VeChain enterprise-level public blockchain platform, has announced new and on-going developer bounties and application development challenges for its VeChainThor blockchain. The goal is to boost application development and make people aware of VeChainThor’s features.
The “VeChain Application Development Challenge” will run until the VeChain developer conference — VeChain Summit 2019 scheduled for April 18th at Fort Mason, San Francisco. There will be a total reward pool of 40M VETs. Teams will be showcased at the conference by the Foundation and ecosystem builders to various enterprises and funds that are looking to bolster their influence within this space.
- Application Idea Hunt — application development idea and plan to be rewarded with 100K — 1M VTHO for an easier start for development.
- VeChainThor Supercharger — plug in your MPP-enabled application to the VeChainThor Supercharger, a program that sponsors the user transaction fee of your developed application for one month.
- Developer Academy Bounty — share your experiences with application development on VeChainThor blockchain in documentation/scripts/tools that make life easier for the developers that follow.
- Application Development Challenge — 5 favorite applications voted by the community by April 12th and 3 Connex compatible applications selected by the Foundation will be announced in the 1st VeChain developer conference and share a total reward pool of 40M VETs.
In the VeChain Application Development Challenge, both the community and the Foundation Assessment Team will select their favorite applications which will share a total reward pool of 40M VET.
On April 1st, a list of submitted applications will be published for community voting. Those interested can still submit the application after April 1st, and it will be will be added to the list within 24 hours if it does not violate the rules. The community voting will be concluded based on the result at 11:59 pm UTC+8, April 12th.
Once the community voting is concluded, the Foundation Assessment Team will evaluate all eligible applications and select the top 3 applications to win the Foundation Awards. The focuses of the evaluation include value to the ecosystem, user experience, originality, nativeness on VeChainThor blockchain and the plan for further development. In addition, only Connex compatible applications are eligible for the Foundation award and the winners are not eligible for community awards.
- 1st prize: 12M VET
- 2nd prize: 8M VET
- 3rd prize: 5M VET
Apart from the Foundation award winners, the top 5 favorite applications based on the community voting result will win the community awards:
- 1st prize: 5M VET
- 2nd prize: 4M VET
- 3rd prize: 3M VET
- 4th prize: 2M VET
- 5th prize: 1M VET
Note: Because the Foundation Award winners are not eligible for the Community Awards, if one of the applications in the top 5 community voting is picked by the Foundation Assessment Team, the next application on the list will be entitled to the Community Award.
All the prizes will be announced during the VeChain Summit 2019 on April 18.
More information and applications can be found from VeChain’s official announcement. Submitted applications will be added to the VeChain application store that will be launched soon.