Categories: Press Release

TRON Grand Hackathon 2022 Season 2 Kicks Off With Season 1 Winners Livestream and a New $10 Million Incentive Program to Support Terra Developers

Geneva, Switzerland, 17th May, 2022, Chainwire

The TRON Grand Hackathon 2022 Season 2, with an aggregate bounty of $1 Million, kicked off on Monday, May 16. The Kickoff Livestream featured Season 1’s first place winners: dCloud by Cctechmx, TronNinjas Arcade, VersacBrickSquad by TuruGlobal, and JustMoney Exchange, who had some fantastic pointers for Season 2 participants. They also highlighted how the Hackathon led to friendships amongst various teams and was a fantastic opportunity for visibility and an excellent chance to get funding to help progress quickly. Watch the full episode of Around The Block here.

The recent market events have rocked the crypto industry and left in its wake innovative developers and teams building the next generation of blockchain solutions without a network. In response, TRON DAO has announced the launch of a $10 million incentive fund to support Terra developers migrating to the TRON ecosystem. Including those migrating to TRON’s EVM compatible cross-chain solution BitTorrent Chain (BTTC), which facilitates the seamless transfer of assets across mainstream public chains, including TRON, Ethereum, and BNB Chain. The $10 million incentive fund will be granted to developers and users to jumpstart the migration and growth within the TRON ecosystem. For developers, the incentives will be mainly for project integration, and for users, the incentives will be mainly for staking rewards. The migration will allow Terra developers and users to recuperate from the collapse and continue their innovation. More details on accessing the fund and eligibility will come soon.

TRON has been a long-time proponent of the decentralization of the Internet via blockchain technology. Since completing full decentralization in December 2021, the TRON DAO ecosystem continues to thrive with fast speeds, high scalability, and low costs. As of May 15, 2022, it has industry-leading performance with over 92 million users on the blockchain, more than 3.2 billion transactions, and over $8 billion in total value locked (TVL).

In continuing its efforts to promote the mass adoption of innovative cross-chain solutions, TRON and BTTC launched the TRON Grand Hackathon 2022 Season 2 with registration starting Monday, May 16. With an aggregate bounty of $1 million, the Hackathon will be split into four tracks, encompassing DeFi, GameFi, NFT, and Web3. This will be an ongoing funding event, commencing every three months, to promote the growth of the TRON and BTTC ecosystems.

The Hackathon will also support the top track winners with various resources, including potential funding opportunities from the TRON and BTTC Ecosystem Fund, liquidity provision, and integration with partner exchanges. Submission of the Hackathon Season 2 ends on Monday, July 25. Contestants interested in winning extra TRON DAO Forum prizes are encouraged to register and submit their projects to the TRON DAO Forum early, as interactions with community members within their forum threads will also be considered while judging the projects.

For eligibility, rules, criteria, and further details, please visit the TRON DAO Forum, TRON.Devpost.com/rules, and TRONDAO.org/hackathon.

About TRON DAO

TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of April 2022, it has over 92 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $8 billion in total value locked (TVL). In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the algorithmic stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.