The XDC Network is an open-source, enterprise-grade, EVM-compatible Layer 1 network equipped with interoperable smart contracts. A highly optimized, bespoke fork of Ethereum, the XDC Network reaches consensus through a delegated proof-of-stake (XDPoS) mechanism, which allows for two-second transaction time, near zero gas fees, and over 2,000 transactions per second (TPS), and interoperability with ISO 20022 financial messaging standards.
The XDC Network aims to accelerate the expansion and development of Layer 2 projects across the XDC Ecosystem and to facilitate network adoption and real-world utility. These funds will help support new ventures and entities laser-focused on increasing network adoption among retail and institutional participants, jumpstarting on-chain activity and Total Value Locked (TVL), and supporting technological innovation.
In this hackathon, you’ll learn the capabilities of XDC and BUIDL the Future on the XDC Network. Expand your knowledge of blockchain, get a shot at some great prizes and grow your Project with the XDC Community. The XDC community wants to be part of your project - so share it on Twitter with #BuilditOnXDC and #XDC along with tagging XDC_Community.
🏆Prizes & Bounties ($50,000 USD Total):
💫Web3 Wallet (First Place: $15,000 - Second Place: $5,000)
Build the next generation non-custodial web 3 wallet to be the gateway for XDC Network dApps, DeFi and NFTs. Integrating the latest features such as:
- Support XDC, XRC20, XRC721, and XRC1155 digital assets
- Working with Metamask, Wallet Connect, etc.
- Cross chain asset management, interface to Defi dApp, support XNS services
- Web extensions, APIs, and/or mobile options
🌐 Defi (First Place: $15,000 - Second Place: $5,000)
This category will focus on decentralized finance tools, infrastructure, and enterprise use cases to increase network TVL and tools to support a robust DeFi ecosystem. Projects could include:
- A synthetic asset protocol to issue, trade, and manage various financial asset derivatives
- Payments / onramp, Lending protocols, yield farming, staking
- Dex aggregator, DeFi asset manager, Smart contract manager, Analytics, Insurance
💡 Open Ideas (First Place: $10,000)
Be creative with your submissions. Try to integrate real-world assets and envision what the future of Web3 will be. Project could include:
- Platforms focused on real world asset tokenization (financial or physical assets)
- Digital privacy, zero-knowledge proofs, decentralized governance, data transfer technology
- dApps utilizing Dynamic NFT, Soul bound Tokens, and ERC-4626 tokenized vault
- Decentralized social networks, metaverse, and immersive experiences
🔥 🔥 A Phase 2 award is available:
A chance to pitch and be awarded up to $100,000 USD for the project team(s) that exceed the judging criteria, and provides a robust, sustainable business plan and product roadmap.
Registration and full details on deliverables and judging criteria: https://buidl-the-future.hackerearth.com/challenges/hackathon/buidl-the-future/custom-tab/xdc/#XDC
Press release: https://www.prweb.com/releases/hackerearth_and_coinbase_cloud_join_forces_to_host_buidl_the_future_a_global_hack_for_web3/prweb18895515.htm