DoraHacks Web3 Blockchain Hackathon ReCap

Team MonoX
MonoX
Published in
3 min readMay 21, 2021

We are happy to report that between May 15th and May 16th, the DoraHacks Web3 blockchain hackathon was successfully held in Austin, Texas, USA. Participants had the chance to show off their skills and abilities and a $21,000 prize pool was distributed to all projects from this hackathon via quadratic funding and direct voting.

Co-hosted by Multicoin Capital, Hypersphere Ventures, Krypital Group, Fundamental Labs, Celo, Ethereum Austin, Crust, Findora and Moonbeam. The event welcomed more than 100 outstanding developers, mentors and judges from the United States and abroad, making it the perfect opportunity for talented and ambitious blockchain enthusiasts to receive expert advice, mentorship, network and share ideas.

Participants were split into teams of 1–6 (based on their expertise in fields such as smart contract development, product development, token economics, product design, UI, etc.) and were given 24 hours to create a project from scratch or improve an existing project.

Projects covered multiple sectors of Web3; DeFi, DAO, NFT. Metaverse, IPFS, EVM, substrate, cross-chain, and more.

At the end of the 24 hours, the projects were presented to an audience made up of the judges, mentors and other developers. A $21,000 prize pool was distributed to all projects via quadratic funding and direct voting.

Congratulations to the projects ZeroNFT, ETHSign and YOLAP for topping the price pool winning $5,819, $3,363 and $2,160 respectively.

Top-notch mentors and judges from the cryptocurrency and blockchain industry, and venture capitals were invited to the event, including MonoX Founder and CEO — Ruyi Ren who was present as a judge and mentor.

We had the amazing opportunity to chat, network, share ideas and offer mentorship to ambitious developers and blockchain enthusiasts. We also met some of the best blockchain hackers, industry leaders, mentors & tech instructors. As well as some striving and upcoming companies within the blockchain industry that we are now discussing potential partnerships and collaborations with.

It was refreshing to witness the community out and about, sharing ideas and building together. It seems that nature is finally healing from the Covid-19 onslaught.

Many thanks to DoraHacks and the co hosts for organizing and preparing the Hackathon. It was amazing and special to be part of one of the first in person hackathons after so long.

About DoraHacks

DoraHacks Twitter | DoraHacks Website

DoraHacks is a global hacker community changing the way organizations solve technical problems and recruit talent. DoraHacks builds hacker communities around the world and provides recruiting services to its community of talented hackers by connecting them to top enterprises globally through hackathons and its future recruiting platform.

About MonoX

MonoX introduces the premier bootstrap decentralized exchange, Monoswap. Project owners can list their tokens without the burden of capital requirements and focus on using funds for building the project instead of providing liquidity.

It works by grouping deposited tokens into a virtual pair with our own vUSD stable coin, to offer a single token pool design.

MonoX will revolutionize the DeFi ecosystem by fixing the capital inefficiencies of current protocol models. With lower trading fees, capital efficiency, and zero-capital token launching — MonoX will expand the capabilities of DeFi.

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Team MonoX
MonoX
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We have built a new AMM using a single token pool design. It works by grouping deposited tokens into a virtual pair with our own vUSD stable coin.