Join Us at the BNB Hack in Taipei Blockchain Week Hackathon!

To catalyze development and innovation within our ecosystem, BNB Chain is contributing a bounty at the Taipei Blockchain Week Hackathon. This blog explores the exciting details of this hackathon and how developers can participate to win rewards and innovate their DApps on BNB Chain.

Register here! 

Hackathon Bounty Challenge

This theme invites developers to push the boundaries and build transformative projects that will accelerate the adoption of BNB Chain’s cutting-edge technologies. Whether you’re passionate about enhancing the DeFi ecosystem, exploring real-world applications, or reimagining how we interact with Web3, we’ve got something for you!

• Challenge 1: Transform Telegram into the Web3 gateway for BNB Chain, empowering users to seamlessly access and engage with decentralized applications.
• Challenge 2: Develop an innovative trading aggregator, delivering a unified, efficient, and user-centric experience for navigating multiple markets on BNB Chain.
• Challenge 3: Create an open-source Real World Asset (RWA) transaction platform tailored for real estate, enabling secure, transparent property transactions on BNB Chain.
• Challenge 4: Boost returns on BNB Chain through the creation of optimized financial products, designed to maximize user profitability and enhance asset management.

Deep Dive into the challenges

1. Transform Telegram into the Web3 gateway for BNB Chain, empowering users to seamlessly access and engage with decentralized applications.

• Objectives： Build a Telegram Mini App that allows users to seamlessly connect to the BNB Chain using their Telegram credentials, enabling secure and user-friendly access to decentralized applications and transactions without relying on external wallets.
• Description： Make interacting with the BNB Chain as easy as sending a Telegram message, and design the tech that can persuade users to trust your app to deposit their assets.
• Telegram Authentication:
  • Develop a secure and robust authentication flow using the Telegram API.
  • Ensure user privacy and data security by minimizing data collection and implementing best practices for key management.
• BNB Chain Connection:
  • Enable seamless interaction with the BNB Chain, allowing users to view balances, send/receive tokens, and interact with dApps.
  • Abstract away the complexities of wallet management and private key storage.
• Gasless Transactions:
  • Explore and implement solutions for gasless transactions, such as meta-transactions or account abstraction, to provide a smooth user experience.
  • Clearly communicate the mechanics of gasless transactions to users.
• User Interface & Experience:
  • Design an intuitive and user-friendly interface within the Telegram Mini App framework.
  • Guide users through the authentication and transaction processes with clear instructions and helpful prompts.

2. Develop an innovative trading aggregator, delivering a unified, efficient, and user-centric experience for navigating multiple markets on BNB Chain.

3. Create an open-source Real World Asset (RWA) transaction platform tailored for real estate, enabling secure, transparent property transactions on BNB Chain.

• Objectives:
  • Enhance Transparency: Develop a platform that reduces the risk of corruption and fraud by providing transparent and traceable transaction histories accessible to all stakeholders.
  • Increase Efficiency: Streamline the real estate transaction process, reducing the time and cost involved in buying, selling, and transferring property.
  • Support Innovative Ownership Models: Enable fractional ownership, programmable property rights, and other innovative ownership models to make real estate more accessible.
• Description: The core of the platform should be built on the BNBChain network to ensure secure, tamper-proof records of all property transactions. By digitizing property rights, the platform will provide an immutable record of ownership that is accessible and verifiable by all relevant parties, including buyers, sellers, agents, and legal professionals. This digitization will also reduce the potential for fraud and streamline the title verification process. Transparency is a key goal, achieved by recording every transaction on the blockchain, which is publicly accessible and traceable. This level of transparency helps build trust among users and reduces the risk of corruption, as all actions are visible and cannot be altered retroactively.

4. Boost returns on BNB Chain through the creation of optimized financial products, designed to maximize user profitability and enhance asset management.

• Objectives: The primary objective is to generate higher returns by using certain products on the BNB Chain. This initiative aims to enhance returns for users while attracting a substantial amount of assets to the BNB Chain, making it a more appealing platform for decentralized finance activities.
• Description: The challenge involves enabling users to achieve higher returns while maintaining a consistent user experience and managing risk effectively. By offering more competitive interest rates and better financial outcomes, this strategy is designed to attract liquidity from various networks to the BNB Chain. BNB Chain, which hosts many prominent decentralized finance projects outside of Ethereum, provides an ideal environment for this initiative due to its low transaction costs and fast processing speeds. By building on BNB Chain, the project seeks to benefit both the chain and its broader community, establishing BNB Chain as a key destination for decentralized finance.
  • Key considerations for successful implementation and adoption include:
    • Seamlessly integrating with existing products on BNB Chain to enhance user experience and offer additional benefits.
    • Ensuring sufficient initial participation to meet the needs of users.
    • Maintaining a secure and reliable environment by thoroughly auditing systems and implementing strong governance practices.

If none of these challenges catch your eye, no worries! You can still take part in the BNB Chain Q4 Hackathon (details coming soon—stay tuned!) where even more exciting opportunities await. Plus, if you're ready for an extra challenge, feel free to join both the bounty challenges and the hackathon!

Workshop

For those eager to dive deeper and gain practical experience, we're excited to announce a workshop taking place during TBW. This workshop offers developers a unique chance to tackle challenges, unlock bounties, and exchange valuable tips and tools to empower devs in creating exceptional dApps.

Don't forget to bring your laptop if you're eager to code alongside us! Stay tuned for more details about the workshop – coming your way soon.

Prize Pool and Reward Settings

The TBW Hackathon boasts a generous prize pool worth $155,000, with the following reward settings:

Submission Requirements

To be eligible for rewards, your project must meet the following criteria:

• Projects must be new developments and not participate in any past hackathons or previously funded ones to ensure equal opportunity.
• Work must be deployed on or connected to opBNB/BSC mainnet or testnet in some way, open source, and free for others to use.
• Shared artifacts (GitHub, deck, and demo video).
• Ensure the contract address has at least 2 successful transactions within the hackathon timeframe.
• A tweet describing your project, tag @BNBChain & #BNBHack, and the specific track you are applying for.
• If you have any questions, join us on our Discord hackathon support group.

Scoring Criteria

How to Improve Your Scores:

• Verify Your Contracts: Ensure your contracts are verified on Explorer.
• Open-Source Codes: Provide full open-source code with a reasonable commit history and mark your weekly milestones. This helps communities and judges recognize your innovation and contribution.
• Roadmap: Present a detailed roadmap that outlines your plans to continue building after the hackathon.
• Documentation: Create clear documentation or tutorials explaining your project's functionality and innovation to assist users in trying it out.
• Community Engagement: Engage with communities or users by obtaining user feedback, showcasing community endorsements, etc.
• Business Model: Develop a clear business model that demonstrates sustainable revenue generation.
• Innovative Design: Highlight innovative product and technical design.
• We encourage multi-dimensional innovation. As long as your project is novel, it will receive high scores from the judges. If you choose the "wishlist" challenge, please read our requirements in detail. Adhering closely to them will result in higher scores. Additionally, the submitted project should not have participated in other hackathons before.

Points Leading to Score Reduction:

• Lack of Novelty Proof: Insufficient evidence to prove the project's novelty or contribution history.
• Unrealized Functions: Failure to achieve the claimed functions or innovations.
• Usability Issues: Difficulty for users or judges to use the project.

Let’s Get Building

Developers looking to participate in this hackathon can get started by exploring the following essential resources here! You can also join our discord to discuss with other Web3 pioneers worldwide.

The TBW Hackathon Bounty on BNB Chain presents an exciting opportunity for developers to contribute to the BNB Chain's technologies. With an attractive prize pool and a clear set of criteria, this hackathon encourages innovation and creativity within the BNB Chain ecosystem. If you're a developer looking to make a mark in the blockchain space, this hackathon is your chance to shine. 

So, get your ideas rolling, start coding, and let's build on BNB Chain together! Register now.

Join us at BNB Chain Connect - Taipei Meet up on Dec 14! 🇹🇼

Immerse yourself in networking, insights, and inspiration. Whether you're from Taipei or beyond, all are welcome!

Save your spot now - seats are limited! Register below 👇
https://lu.ma/hlp44oko