Archway seeks to reward developers who 'Release their Inner Bulls' by entering their hackathon
TORTOLA, British Virgin Islands, Feb. 28, 2023 /PRNewswire-PRWeb/ -- Archway, the L1 protocol that prioritizes developers by rewarding them programmatically based on dapp usage, is excited to announce the launch of its "Release Your Inner Bull" hackathon. The event runs from March 13 to April 24, 2023. Winners will be announced on May 1st.
The primary objective of the Archway hackathon is to engage and support the global developer community while showcasing its innovative economic model, which automatically rewards developers based on their dapp usage. The hackathon serves to highlight how Archway can reinvent the way value is created and shared across blockchain ecosystems by opening up a completely new kind of developer-centric economy that allows developers to earn consistent rewards and customize their dapps' economic model. Throughout the course of the hackathon, Archway hopes to see a host of new dapps with unique use-cases and provide the most innovative developers post-hackathon funding via grants.
By entering the hackathon, developers will have the chance to deploy their dapps on Archway once mainnet goes live, thereby becoming first-movers and early contributors to the ecosystem. With the official mainnet launch around the corner, Archway encourages developers to become a part of its community now and explore the vast opportunities that exist on its network.
The hackathon will have a prize pool of up to 1 million ARCH tokens, with 3 winners per track and up to 250,000 ARCH tokens allocated to each track. First place will receive 125,000 tokens; second place, 75,000; and third place, 50,000. Prizes will be allocated to winners after Archway's mainnet launch and will be subject to a 1-year lock-up period.
Another significant incentive of taking part in this hackathon is the opportunity to get noticed: Archway's business development team will be scouting select projects to potentially offer extended funding and support to officially join the Archway ecosystem. U.S. residents and residents of prohibited jurisdictions are not eligible to participate nor receive ARCH tokens. For more information, visit the Hackathon's Terms and Conditions.
The judges evaluating the BUIDLs will be a mix of notable Web3 investors and engineers from firms such as IDEO Colab Ventures, Figment Capital, Chorus One, and Messari. Phi Labs employees will also act as judges. They will be evaluating not just the creativity and execution of the dapp ideas, but also how they contribute to the wider ecosystem.
"The Archway hackathon is a unique opportunity for developers to become early contributors to the ecosystem while showcasing their talents and creativity," said Griffin Anderson, CEO of Phi Labs, a core contributor to Archway. "We are excited to see what innovative dapp ideas developers will bring to the network."
Archway encourages developers to start brainstorming their unique dapp ideas and to sign up for the hackathon starting March 13, 2023. For more information, please visit: https://dorahacks.io/hackathon/archway-releaseyourinnerbull
For media inquiries, please contact Jonathan Duran at (310) 260-7901 or Jonathan(at)MelrosePR(dot)com
About Archway
Archway is a Cosmos-native layer-1 blockchain designed to reward developers for the value they contribute to the network. The network features programmatic rewards that automatically reward dapps based on their usage. This means developers building on Archway can start earning rewards as soon as the dapp is in use and customize their economics to employ these rewards in creative ways. With its frictionless and intuitive developer tooling, Archway is positioned to become the gateway to the Cosmos ecosystem by dramatically lowering barriers to entry into the multi-chain world for developers, incentivizing the growth of a diverse and equitable Web3.
Media Contact
Jonathan Duran, Melrose PR, 310.260.7901, [email protected]
SOURCE Melrose PR
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