Are you a blockchain enthusiast, developer, or entrepreneur? Then you won’t want to miss this season of the TRON Grand Hackathon (a.k.a. HackaTRON), back for its fourth and best season yet. Co-sponsored by TRON and Huobi, this hackathon has a 500,000 USDD prize pool and is sure to be one of the most empowering events of 2023.
Here are the basics of what you need to know about HackaTRON Season 4:
Benefits of Participating in a Hackathon
Participating in hackathons can provide several benefits for developers and entrepreneurs alike. From networking opportunities to getting hands-on experience, from working with new technologies such as blockchain or dedicating the time to develop smart contracts for a minimum viable product, the commitment prods progress for aspiring developers and hopeful startups. Hackathons are an excellent way to unite a team around a purpose, solidify a team to meet a deadline, and grow a team with new skills, all while having fun together! As if that wasn’t enough incentive already, competing in hackathons also gives teams the chance to win some awesome prizes, too, like the 500,000 USDD prize that will be up for grabs in Season 4 of the HackaTRON.
What to Expect from Participating in HackaTRON?
By participating in HackaTRON, teams develop decentralized applications to compete in one of six tracks: Web3, DeFi, GameFi, NFTs, Builder, and Eco-Friendly.
This season, the “Builder Track” is new and created for returning projects that are continuing development on TRON/BTTC with significant updates for their projects. To participate in the Builder Track, projects must have previously entered the Hackathon, display documented work/updates with clearly defined new features, and not already have an investment commitment from TRON DAO Ventures.
The “Eco-Friendly Track” is also new and aims to encourage participants to join TRON in the mission to drive the blockchain industry toward sustainability and environmental stewardship via the TRON Climate Initiative.
DoraHacks, a Web3 development community engaging with a variety of blockchains to encourage innovators to “BUIDL” with blockchain tech, is a new partner for Season 4 and will be used as a developer forum.
Many of the partners and judges will be returning from Season 3, including industry leaders from VanEck, Valkyrie, Circle, the Hong Kong University of Science and Technology, Mirana, Binance Custody, Kucoin Ventures, Huobi Ventures, FalconX, Wintermute, Blockchain.com, Gate.io, Bittrex Global, Kyber Network, Poloniex, Gala Games, Unstoppable Domains, and others. In some ways, the chance to connect with and learn from proven experts is the most valuable aspect of participating in a hackathon.
How HackaTRON Works
HackaTRON Season 4 spans four months from February 1 to May 15, 2023. During this time, participants will have access to resources such as tutorials, tech talks, and expert coaching, all of which can help them create their decentralized application (dApp). Participants are then required to submit a Minimum Viable Product (MVP) by Saturday, April 15 in order to be considered for the competition. After submission, judging will take place in early May before winners are announced on Monday, May 15.
Payout of the Prize Pool
The 500,000 USDD prize pool will be distributed among the winners. Payout of the prize pool will occur in two tiers. The first tier of 30% will be paid to winners on Saturday, May 13, and the second tier of 70% on Thursday, June 1, IF their decentralized application (dApp) goes live on the TRON/BTTC Mainnet.
Winners will be chosen in two major categories: judge-selected and community-forum-selected. Five winners will be selected in each track for each major category. So, there will be five winners from each of the six tracks in the judge-selected category and five from each of the six tracks in the community-selected category. The USDD distribution will be broken down as follows:
- Judge-Selected (same breakdown for each of the six tracks)
- 1st Place _ 20,000 USDD
- 2nd Place _ 15,000 USDD
- 3rd Place _ 10,000 USDD
- 4th Place _ 8,000 USDD
- 5th Place _ 6,000 USDD
- Community-Forum-Selected (same breakdown for each of the six tracks)
- 1st Place _ 6,000 USDD
- 2nd Place _ 5,000 USDD
- 3rd Place _ 4,000 USDD
- 4th Place _ 3,000 USDD
- 5th Place _ 2,000 USDD
In addition, bonus prizes will be distributed in three categories: Project Engagement (6,000 USDD divided evenly among two winners), Determination (15,000 USDD divided evenly among three winners), and Community Contribution (5,000 USDD divided evenly among 10 winners).
Winning projects will have the opportunity to obtain capital funding from blockchain focused venture firms, TRON DAO Ventures and Huobi Ventures
Ready to become a blockchain developer on one of the world’s premier blockchains? Then don’t miss out on your chance to participate in Season 4 of the HackaTRON! With a 500,000 USDD prize pool up for grabs across six different tracks, this is your opportunity to prove your skills while taking advantage of amazing networking opportunities along with potential funding.
Beginning on February 1, 2023, teams will be able to sign up on the HackaTRON website.
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