Binance Woos African Blockchain Developers with $30,000

By Adedapo Adesanya

The world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, Binance, is currently holding a Decentralized Finance (DeFi) and Non-fungible token (NFT) hackathon for African blockchain enthusiasts.

The 20-day hackathon, co-hosted by Bundle, a social payments app for crypto, is empowering blockchain engineers to rapidly build blockchain solutions on the Binance Smart Chain in order to solve real problems identified in the African systems in place today.

The hackathon commenced on June 6 and is set to end on June 28, 2021. However, interested participants can still join the hackathon and stand a chance to build the next generation of decentralized applications on the Binance Smart Chain and compete for the prize pool of over $30,000.

Participants will be rated by the community and an esteemed panel of judges based on the quality of technology, innovation, demo and pitch. Judges will consist of team leaders from the hackathon sponsors i.e. Bundle, Mobox, Refinable, Quidax, ForTube, 1inch, among others.

The hackathon is open to all developers from Africa (the hackathon is open to both beginners and non-beginners)

How to participate in the hackathon:

1. Sign up through the Hackerlink special landing page and click on ‘Apply grant’.
2. Select “Binance Africa Hackathon- Grant Round 1” from the drop-down list.
3. Please ensure your wallet account (MetaMask or WalletConnect) is connected to HackerLink, your network is on BSC Mainnet and you have some BNB (0.005 at least) for gas fee.
4. Use an existing BUIDL (project) or create a new BUIDL to apply for the grant.
5. Click “Confirm” on your wallet to authorize the transaction of the gas fee to complete your application to the grant.

The BUIDL (project) will appear on the “Grant BUIDLs” page once it has been verified by Hackerlink.

What to expect: All DeFi and NFT projects will be built on the Binance Smart Chain and made completely open source. Participants will build cool solutions that will potentially solve some of the real problems facing Africa.

Some examples of areas to cover include: Savings, Lending and Borrowing, Swaps, Royalties and Renting, Elections, Identity Management, Land Ownership, NFTs marketplaces amongst other relevant areas.

Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume.

Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.