HECO Grant Global Online Hackathon Now Open with $72K+ Prize Pool!
HECO Grant Global Online Hackathon is open for developers from all over the world starting March 16, 2021! The hackathon is co-organized by HECO, a decentralized and open ecology, and DoraHacks, a global developer community and hackathon organizer.
The program encourages and supports early-stage developer projects building next-generation decentralized protocols and applications on HECO. All the participants can submit their projects on DoraHacks’ blockchain developer platform HackerLink.io for a chance to win the $72K (updating) grand prize pool!
Submission Period
March 16, 2021 — May 15, 2021 (12:00 GMT)
Prize Pool
The online hackathon is based on the Quadratic Funding mechanism(See below to know what QF is). The prize pool includes:
- $60,000, funded by sponsors. (The $60,000 matching prize will be issued in the form of HT equivalent.)
- Direct donations from voters, NOT LIMITED (The votes cost HTs, the native crypto token on HECO, which will go directly to the voted projects after the hackathon.)
Schedule
Who Can Apply?
HECO Grant Global Online Hackathon accepts the following types of early-stage and senior projects, including but not limited to:
- HECO ecosystem applications: NFT protocols and platform-level applications, DAO and on-chain governance tools, next-gen Defi protocols, etc.
- Toolkits on HECO: improved programming languages, wallets, scans, SDKs, etc.
- Infrastructures on HECO, research on consensus, Layer-2 infrastructure, privacy, API services, etc.
How to Apply?
Project submission starts on March 16, 2021, and will end on May 15, 2021 12:00 (GMT). You can submit projects or vote via https://hackerlink.io/en/Grant?type=HECO.
Developers from all over the world can submit projects on HECO via HackerLink (https://hackerlink.io/en/Grant?type=HECO) for HECO Grant Funding.
Before submitting your projects, if you’re new to HackerLink, please first create an account and fill in your information with your real contacts.
Notice! After submission, please add DoraHacks Helper on Discord or Telegram to get more promotional support.
After the round ends, there will be a five day grace period. During the period, all projects need to verify their authenticity with HackerLink in case of the Sybil Attack. After the grace period, all projects that verified identity will be able to redeem community donation and prize pool distribution from the project BUIDL page.
For more details, see HECO Grant Application Guidance.
How to Gain More Votes?
a. Join the live demo
The staff will arrange the schedule with you via the contacts you give for the live demo and official promotion supported by HECO and DoraHack. Before every demo, HECO and DoraHacks will notice among global developer communities.
Therefore, please give your Whatsapp, Telegram, discord id or other ways to let the staff reach you. Or, join us on Discord and let the admin know who you are.
DoraHacks Global Discord Server.
b. Join the hackathon earlier
Apart from the three rounds of live demonstrations that will be arranged every 20 days, the publicity of projects on HackerLink will be persistent during the whole online hackathon, which means the earlier the projects are submitted, the more people can see and vote for them.
And no worries if you want to update your project after submission, updates are allowed and every updated project will be listed on the top of the wall.
c. Inspire your communities
Share your projects with the communities to gain more support, either it is votes or technical advice.
Who Can Vote? How to Vote？
By May 15, 2021, voters from all over the world can vote for the projects you want to support on the project BUIDL page.
For more details, see HECO Grant Voting Guidance.
What is Quadratic Funding? How does it work?
Quadratic Funding Grant is inspired by Vitalik Buterin and GitCoin’s early practice on the Quadratic Funding Mechanism to fund public goods in the Ethereum ecosystem.
The funding mechanism includes two grant pools:
A. Direct donations from community contributors
B. A matching prize pool from sponsors
With a quadratic funding algorithm, the cost of each vote to a single project from a single contributor will increase, this encourages community contributors to donate to more projects.
To know more about quadratic voting, check the article Quadratic Funding algorithm by Vitalik Buterin.
If you have any questions, please join the customer service telegram group here. Or contact us in Telegram or Discord. We would like to hear more from you and let’s keep in touch!
Looking forward to your application and vote!
Useful Links
HackerLink: https://hackerlink.io/en
DoraHacks Global Discord Server: https://discord.gg/cYgbvfu2
DoraHacks Helper Telegram: https://t.me/hackerlinkofficial
HECO Official Website: https://www.hecochain.com/en-us/
HECO Developer Documentation: https://docs.hecochain.com/#/en-us/intro
HECO Grant Application Guidance
About Dorahacks
DoraHacks is a decentralized global developer community, hackathon organizer, and venture builder. DoraHacks’ blockchain developer platform HackerLink.io provides tools to incentivize and foster open-source blockchain development, such as grants, bounties, BUIDLs, and hackathons.
For more information on Dorahacks, please visit our website.
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