Tron is one of the most decentralized blockchain platforms today and taking a look back at its initial vision; it was created to change the entertainment industry. Despite hitting extreme lows this year, the cryptocurrency remains positive and has kept its supporters with it rather nicely despite the market is bearish.
And now, the blockchain project run by visionary leader Justin Sun is going to invest a million dollars for its Accelerator program for Dapps.
Tron Accelerator is set to be launched shortly. In the bid to foster the development of the program, the blockchain firm has created an official website (tronaccelerator.io) of the project.
It is important to know that Tron Accelerator is a program that will change Tron’s ecosystem, because it will give developers the right opportunity to create Dapps and get incentives; in return, Tron acquires the best minds to help in the development of its ecosystem.
Tron Accelerator, a Big Rival to Ethereum’s Project
Tron moved from Ethereum’s ecosystem to create its very own ecosystem. Just like Ethereum, it helps in the production of decentralized applications in the blockchain world.
With that in mind, Tron decided to explore the opportunities in Dapps where the games alongside Smart-contract applications can be created which is why Tron Accelerator project got announced to foster the development of decentralized applications.
Introducing: TRON Ecosystem Co-Builder Plan (ECP)
— Misha Lederman (@mishalederman) November 19, 2018
Tron is poised to make sure their ecosystem is more efficient that Ethereum’s and in that view, Tron Accelerator will help to improve the prominence of it in the blockchain world.
About Tron Accelerator
As the words on the website can be read,
“TRON Accelerator is a $1 million USD program that aims to assist developers and foster innovation within the blockchain industry. Developer teams are invited to submit their decentralized application project, build on the TRON protocol, and compete for one of the most ambitious Blockchain hackathons ever hosted.”
According to Tron, there are one million USD total awards and 56 winning projects. The blockchain firm also stated that Grand Prizes winner would have the chance of free travel and accommodation during niTROn Summit in San Francisco, as well as future Tron investments. The first reward is about $200,000, second prize is $100,000, and the third stands a $50,000.
There will be a special total prize of 240,000 USD for eight winners in 8 different categories. The eight winners will be selected based on the excellence in application tool, blockchain game, decentralized exchange, innovation, user experience, UI design, Onchain Activity DApp, and most influential Dapp.
Interestingly, there are going to be ten judges including Tron’s CEO, Justin Sun. The panel of judges also includes Cong Li, Tron U.S Head of Tron Protocol, and Vincent Niu, DappReview CEO.
The blockchain has stated the rules and regulations concerning the Tron Accelerator program:
- Developers can participate and apply in a team or individually, and that there’s no limit on the number of team members per team.
- Every team member must entirely agree to the terms and conditions of the contest.
- All development(s) must be based on the Tron protocol. More information about Tron’s protocol can be found on their documentation platform and Github.
- All proposals are to be submitted on or before the due date that is January 4th, 2019, Midnight (PST).
- Proposals must either be in English or Chinese language.
- Participants must be legally responsible for their proposals/projects.
- The awards are based on each project.
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