As the Stellar ecosystem continues to grow, creators of the blockchain based financial platform have decided to further strengthen the codes by leveraging the power of the crowd. The Stellar Protocol has announced the launch of its Stellar Build Challenge where they encourage the developer community to build new products on the platform.
According to Stellar’s recent release, the Stellar Build Challenge will be divided into four categories – Anchors, Applications, Community Projects and Exchanges. Each of these categories will have their own awards, granted to the submitted projects upon review by a panel of jurors. The announcement about Stellar Build Challenge comes right before the platform’s Bitcoin-Lumen giveaway program , which is expected to begin early next month.
The Bitcoin-Lumen program will see Stellar offering its Lumen crypto-tokens to the Bitcoin community for free. The amount of Lumens offered to Bitcoin holders will be equivalent to the percentage of total bitcoin held by the bitcoin user at the time of the program’s launch. Stellar will be publishing a snapshot of the Bitcoin blockchain, with the record of bitcoins stored across the wallets. The unclaimed Lumens left behind after the program’s completion will be used to fund the Stellar Build Challenge awards.
The Anchor category will include banks, licensed money service providers and mobile money operators that use Stellar network to accept deposits, issue credits and honour withdrawals. Application categories will include apps like wallets on built on Stellar network. Similarly, the Exchanges category will include exchange platforms supporting Lumen trading. Each category has different award slabs as listed below. Awards
Category 1st Place 2nd Place 3rd Place 4th Place Anchors 55 million lumens 44 million lumens 33 million lumens 22 million lumens Exchanges 33 million lumens 22 million lumens 14 million lumens 5 million lumens Wallets 8 million lumens 5.5 million […]
