In March, IoTeX’s first charity program which supported the Ethereum Foundation was met with a tremendous response from our community. We raised over 340 ETH to help fund blockchain research and gave out almost 3 million IOTX to our community — thank you to all that donated to this great cause! While our first charity program supported the pioneers of blockchain, we want our second charity program to foster the next generation of blockchain and IoT developers. That is why we are excited to announce our next donation recipient: DoraHacks!
DoraHacks is the largest hackathon organizer and hacker developer community in China, and has expanded its footprint in 2018 to 10 countries, including the United States, South Korea, Japan, England, and India. To date, DoraHacks has organized more than 100 hackathons in seven cities around the world, with more than 5,000 core hackers and 200,000 global developers in their community. DoraHacks has provided a platform for developers of all skill levels to create more than 1,000 applications in their hackathons, and their hackers have gone on to start and lead various blockchain startups, such as ProChain and CorTex — and they are just getting started.
We believe that donating to DoraHacks is a great way to support a wide range of future blockchain and IoT enthusiasts, including students, academics, and industry representatives. At IoTeX, we are focused on the long-term success of our blockchain, and used this long-term focus as a criteria when selecting our next donation recipient. Similar to IoTeX, DoraHacks is still growing and looking to replicate their highly impactful hackathons in countries all over the world. We trust and align with DoraHack’s mission, and are excited to see what the future holds for DoraHacks and their hackers.
How will the donations be used?
Using the donations from IoTeX’s charity program, DoraHacks will support and fund the development of blockchain and IoT-related projects in their hackathons. For context, DoraHacks provides a list of topics / use cases to their hackers to choose from, and provides monetary / cryptocurrency rewards to hackers that successfully complete the chosen project within the 24-hour hackathon period. As DoraHacks hackathons are not entirely blockchain or IoT-focused, we will only allocate our donations to hackers that work on blockchain and IoT projects. For each hackathon, IoTeX will submit a set of blockchain and IoT topics / use cases, and hackers who choose these projects will be rewarded upon completion from the IoTeX charity program pool. Simple, right? That’s not all!
The best part is DoraHacks will provide transparency and traceability of which hackers /teams received rewards from the IoTeX donation pool. DoraHacks and IoTeX will publish and update a list of all hackers / teams that receive donations, and will even provide a link to the Github code of each project. This means that you will be able to see exactly where the donations go and know that the donations are used for the original purpose — to promote the next generation of blockchain and IoT developers!
How can I donate?
In order to be eligible for our charity program, you will need to join our whitelist. We will be capping the number of participants at 2,000 people, so pre-registering for the charity program via our whitelist is highly recommended. You will be able to donate between 0.15–1.0 ETH to DoraHacks. For those that donate, IoTeX give 12,000 points (1:1 transfer to IOTX tokens once issued) as a token of appreciation for supporting the next generation of blockchain and IoT enthusiasts! Please note that the reward you will receive is not proportional to the amount donated; in other words, you will receive 12,000 points regardless of whether you donate 0.15 ETH or 1.0 ETH.
Whitelist registration for our second charity program is on a first come, first serve basis and begins on Wednesday, 5/2/2018 at 7:00 PM PST and ends on Thursday, 5/3/2018 at 7:00 PM PST. You will have one day to register for the whitelist — please note that you must also participate in our “Testnet preview — StoneVan” community reward program (earn up to 2,000 points in <15 minutes) to be eligible for this charity program.
If you haven’t already, please subscribe to our official channels (https://t.me/iotexchannel) to stay updated. We will be having more community rewards programs throughout the month of May, so look out for more opportunities to earn points!
Telegram Announcement Channel: https://t.me/iotexchannel
Telegram Group: https://t.me/IoTeXGroup
IoTeX is a decentralized network for the Internet of Things (IoT), powered by a scalable, private, and extensible blockchain. IoTeX’s team is comprised of a global team of Ph.Ds in Cryptography and Machine Learning, top tier engineers, venture capitalists, and consultants. IoTeX uses a lightweight blockchain-in-blockchain architecture, innovative Ran-DPoS consensus mechanism, and cutting edge privacy-preserving schemes to push the frontier of blockchain 3.0.