Umbrella Network’s BSC Developer Challenge: Build A DeFi App on BSC Using Our Decentralized Oracles
(And Win From a Prize Pool of $60,000)
TL;DR Build a Binance Smart Chain dApp using Umbrella Network’s oracles and win up to $30,000 from a total prize pool of $60,000.
Fresh off the heels of Umbrella Network’s launch on BSC testnet, we are pleased to announce a new challenge for developers.
The aim of this competition is to showcase the value-add of Umbrella’s oracles to the DeFi ecosystem in general and the BSC ecosystem in particular.
Prize Pool Breakdown
The total prize pool will be $60,000 worth of UMB tokens for the First, Second and Third prize winners.
- 1st Place — $30,000 in UMB,
- 1st Runner-up — $15,000 in UMB
- 2nd Runner-up x 3 — $5,000 in UMB each (there will be three second runners up)
How to Participate in the Umbrella Network Developer Challenge?
Step 1: Join the Umbrella Network Discord server. Go to our BSC Developer’s Portal and sign up / login.
Step 2: Check out our Reference App — Babel (on GitHub) | Token/Smart Contracts | Developer Documentation
Step 3: Check out our decentralized oracles and our SDKs for reference.
Step 4: Build a dApp on the Binance Smart Chain using the information links given above and your creative bent.
Step 5: Complete your submission by filling out this form
Step 6: If you have more than one amazing idea, simply build more apps and submit them to stand a chance to win more prizes.
Step 7: Wait for us to evaluate the submissions and declare the finalists. Check out our Telegram, Discord and Twitter channels for updates and winner announcements.
Rules For Participating in the Umbrella Network Community Challenge
- Do not steal other people’s work — duh!
- You must submit your DeFi app before 9th JULY 2021
- Your DeFi app should call at least one of our decentralized oracles
- Your DeFi app should leverage more than one functionality of our SDK (the more the better, all is simply amazing)
The most resourceful DeFi app submission (the one that utilizes our oracles and SDKs most comprehensively) will replace Babel as our default reference app.
If you have any further questions and doubts, join our discord server and ask them on the #developer-challenge channel.
Winners’ tokens shall be transferred to their wallets as provided by them in the form.
Good Luck!
About Umbrella Network
Umbrella Network is a scalable, cost-efficient, and community-owned oracle for the DeFi and blockchain community. Its Layer 2 technology uses the latest advances in Merkle tree technology to write multiple data points on a single on-chain transaction, so it allows for batching data to smart contracts accurately, securely, and inexpensively. Umbrella believes a community-owned oracle is not only possible but essential to creating a truly decentralized financial system.
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