- CoinDCX and Devfolio have joined hands with Solana, along with other regional partners, to help fund the Indian Crypto ecosystem.
- Participate in the hackathon to win big and get a chance to interview with our Co-founder, Neeraj Khandelwal.
- Join the Discord community to meet participants from all around the globe.
The great year that Crypto has had since 2020, there is no room for a surprise with the kind of wave DeFi has brought in since. With every passing month, the crypto space is evolving for the better and with it, we are growing as an ecosystem and as a community!
As we near the 6th month of 2021, CoinDCX is proud to announce that we are partnering with Solana and Devfolio, to bring you the Solana x CoinDCX Hackathon and Ecosystem Fund.
Bringing blazing speed, scalability, and capital to India’s DeFi ecosystem
Solana has been hosting DeFi hackathons since 2019, and the successes of the competition have made them go grand every year since! In their third year, Solana has partnered with CoinDCX and Devfolio, among other regional partners, from India to create a $20 million ecosystem fund, focused on providing capital to the best and brightest from India’s crypto space.
Any India-based project with a defined roadmap and proven track record will be able to apply for the funding. By kickstarting the hackathon and fund in India, Solana is pushing forward into one of the world’s most promising regions for cryptocurrencies.
The blockchain ecosystem has enabled the proliferation of decentralized markets and is establishing a more open, transparent, and efficient financial system. The main goal of the hackathon is to bring together developers, designers, business operators, and entrepreneurs to experiment and deploy apps/tools that push the DeFi ecosystem forward. Anyone who has an Internet connection can join the hackathon. The only requirement is for the builders to incorporate Solana or Serum into their project submissions.
About Solana Season Hackathon
By leveraging Solana’s speed, low fees, and newly released DeFi building blocks, participants can operate within an expansive design space to create novel DeFi apps and tools that scale the overall ecosystem to become more efficient, powerful, and sustainable. Builders are also encouraged to explore the use of Wormhole, a bi-directional bridge connecting Ethereum with Solana, and a new Chainlink oracle integration. Check out the official hackathon Github for comprehensive developer resources and a list of project ideas.
Participants will compete for up to $50k total in prizes ($25k, $15k and $10k for 1st, 2nd and 3rd places respectively). The prize pool will be distributed to the best projects submitted during the hackathon. After, those top teams will have the opportunity to continue building their projects to compete for a potential seed funding round sourced from the newly created ecosystem fund. If you need more info about the hackathon structure, please refer to the official Github repo here.
Join the Discord chat to find your teammate.
How to take part in the Hackathon?
All the participants and teams may submit 1 project by the hackathon deadline. Once all submissions are collected, the Solana Foundation will distribute a filtered list to the judges for evaluation. Teams and individuals will be evaluated on the following criteria:
- Potential impact
After complete individual evaluations by the judges, the hackathon organizers will get into a discussion with the judges. They will then choose the winners based on the project’s weighted scores. Winners of the event will be announced shortly after the end of the hackathon.
The hackathon gives builders, who know what they want, a chance at jumping full-time into the Solana ecosystem and receive an extensive resource from the Solana Foundation, CoinDCX, and Devfolio. CoinDCX is on a hiring spree to expand its team. The hackathon will also give you an opportunity to get interviewed by our CoFounder, Neeraj Khandelwal.
The hackathon will also give you an opportunity to get interviewed by our CoFounder, Neeraj Khandelwal.
We are excited to see how much potential India can portray during the hackathon, and we hope to see you at one of the live-streamed events! Head over to solana.com/hackathon to register for the hackathon and receive helpful resources as we near the beginning of the battle. If you have technical questions about Solana or Serum, need to find a team, or want to receive updates, join our dedicated Discord chat.
**The Solana Foundation x CoinDCX DeFi Hackathon is a competition where projects will be evaluated by judges on their technological merits without consideration of legal viability. Participants in the Hackathon will create software solely for purposes of evaluation by judges as part of a competition and not for commercial deployment or release as part of the Hackathon. All participants must comply with applicable laws and regulations when releasing any software that they develop as part of the Hackathon.
The Hackathon ideas and developer resources that Solana Foundation (“SF”) provides are for educational and inspirational purposes only. SF does not encourage, induce or sanction the deployment of any such applications in violation of applicable laws or regulations. SF does not encourage, induce or sanction the deployment, integration or use of any such applications (including the code comprising the Solana blockchain protocol) in violation of applicable laws or regulations and hereby prohibits any such deployment, integration or use. This includes the use of any such applications by the reader (a) in violation of export control or sanctions laws of the United States or any other applicable jurisdiction, (b) if the reader is located in or ordinarily resident in a country or territory subject to comprehensive sanctions administered by the U.S. Office of Foreign Assets Control (OFAC), (c) if the reader is or is working on behalf of a Specially Designated National (SDN) or a person subject to similar blocking or denied party prohibitions or (d) in violation of the Commodities and Exchange Act.
The reader should be aware that U.S. export control and sanctions laws prohibit U.S. persons (and other persons that are subject to such laws) from transacting with persons in certain countries and territories or that are on the SDN list. As a project-based primarily on open-source software, it is possible that such sanctioned persons may nevertheless bypass prohibitions, obtain the code comprising the Solana blockchain protocol (or other project code or applications) and deploy, integrate, or otherwise use it. Accordingly, there is a risk to individuals that other persons using the Solana blockchain protocol may be sanctioned persons and that transactions with such persons would be a violation of U.S. export controls and sanctions law. This risk applies to individuals, organizations, and other ecosystem participants that deploy, integrate, or use the Solana blockchain protocol code directly (e.g., as a node operator), and individuals that transact on the Solana blockchain through light clients, third party interfaces, and/or wallet software.