Over $100,000 in NEO Prizes to Be Offered to Blockchain Developers Who Build on the Latest N3 Frontier DLT Platform

The developers of NEO Blockchain, one of the first enterprise-grade distributed ledger technology (DLT) platforms, recently revealed that they’ve arrived at a new frontier, called N3, the latest version and “most powerful” version of the Neo blockchain development platform.

The NEO Blockchain developers explained that it comes with powerful native features like  decentralized storage, Oracles, cross-chain functionality, and “one block finality.” The development team claims that N3 is “unlike any blockchain you’ve used before.”

As mentioned in the announcement, the Neo blockchain developers are introducing the Neo Frontier Launchpad and have asked all “trailblazers” who are up to the challenge of being “among the first to build applications using N3.”

As noted in the update, you could be among the first to use N3’s new features and blockchain or DLT development tools. You can be among the first to offer essential services and infrastructures via the updated Neo N3 network.

As mentioned in the update:

“Up for grabs is over $100,000 in NEO prizes, including three grand prizes of $12,000 each, broken down into three categories: NFT, DeFi, and General. We’re also offering a first round optional ‘Planathon’ that could see you win multipliers that increase those prizes to up to $18,000. Also on offer is EcoBoost incubation and custom vested NEO packages through Neo’s Early Adopter program — a new initiative with $10 million in funding to help seed new projects on the Neo N3 MainNet.”

The announcement further noted that The Neo Frontier Launchpad event is designed to assist users with succeeding “beyond the hackathon” itself, and so these prizes will offer key  opportunities for users to keep growing their project “well after the winners are announced.” The NEO developers said they’re “in it for the long haul, and [they] want you to come with [them.]”

The Neo team also noted that they’re running their hackathon on DevPost.com. All developers who are interested in taking part in the initiative need to head over to their Hackathon page and register now.

The complete competition details have been shared by the NEO Blockchain development team:

Competition details

  • Phase one: Planathon
    • May 24th — June 7th…Thomas Edison once said “Good fortune is what happens when opportunity meets with planning.” At Neo, “we agree, and so we’re kicking off the Neo Frontier Hackathon with a “Planathon.”
    • “We want participants to take some time to really flesh out their Frontier projects. This includes evaluating the suitability of your ideas for blockchain, organizing a team, drafting a business plan, identifying delivery milestones, and so forth.”
    • “We understand that what you develop during Frontier may be just the beginning of something fantastic!”
    • “The teams with the best plans will be granted ‘multipliers’ to be applied to any prizes won at the conclusion of the hackathon.” For example, “if your team wins a 1.5x multiplier and you win the first prize of $12,000, you will actually receive $18,000.”

The Neo developers also mentioned that they’re always looking for great projects to incubate after the launch of N3, so this is a good opportunity to put them on notice, and demonstrate that “you mean business.” Short written feedback “will be provided to all submissions.”

The announcement also confirmed:

“Contestants are not required to participate in the Planathon to make a final project submission. However, getting feedback on your ideas could be critical to adjusting your project concepts so you’re better positioned to win a final prize.”

  • Phase two: Development
    • June 12th — July 12th: “Submissions for the Development phase of the Neo Frontier Hackathon open one week after the results of the Planathon have been announced.” This is “where you put your skills to the test and start building your project.”
    • Neo features tooling support for C#, Java, Python, TypeScript, and Go, so there is “a good chance you’ll get to work with a language you already know and love.” A range of quick starts, guides, sample applications, and tutorials are also “available to help you get started, with more to be released in the coming weeks.”
    • “If you haven’t already, all participants are invited to join the Neo Discord. If you get stuck at any point, you are encouraged to reach out as soon as possible. The existing Neo community (responsible for many of the tools you will be using) will be ready and waiting to provide support, advice, and encouragement.”

Prizes

Planathon

Multipliers of “between 1.1x and 1.5x will be awarded to outstanding plans.” Short written feedback will be “provided for Planathon submissions.”

Major prizes

  • Three major prizes will be awarded to the best overall projects in the following categories:
    • NFT — The project that “demonstrates the most outstanding use of Non-Fungible Token technology”
    • DeFi — The project that “demonstrates the most outstanding use of Decentralized Finance technology”
    • General — The project that “demonstrates the most outstanding overall use of Neo features and blockchain technology”
  • Each major prize winner will receive
    • US $12,000 in NEO tokens
    • Entry into the Neo EcoBoost program for incubation support
    • A custom vested NEO package “through the Early Adopter program to reward post-hackathon development”
  • Excellence prizes
    • Eight excellence prizes will be awarded to projects that have demonstrated excellent technical execution and will receive:
      • US $5,000 in NEO tokens
      • One hour consultation with NGD EcoGrowth to discuss your project and its goals
        A custom vested NEO package “through the Early Adopter program to reward post-hackathon development”

As confirmed in the announcement, the Neo EcoGrowth team will “reach out to Frontier winners within two weeks of competition closing.” Vested NEO rewards and conditions “will be determined by individual project scope, quality, and value to the Neo ecosystem.”

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