The Tron Foundation announced on Dec. 2nd that it wants to continue fostering innovation in the blockchain industry by announcing an Accelerator plan in which participants have a chance to win a total of $1 million. In this contest, developers are tasked with building decentralized apps (Dapps) on Tron’s blockchain protocol. The accelerator plan also aims to attract more developers to the Tron ecosystem and make it bigger than its peers.
Tron Contest and Awards
The online contest was opened to developers on Dec. 1st, 2018, and will run until midnight Jan. 4th, 2019 (PST). A dedicated website, www.tronaccelarator.io was set up to allow participants to submit their work which will be reviewed by a committee of judges starting Jan. 5th next year.
The $1 million at stake will be split over 56 awards with the first prize winner taking home $200,000. The second and third prize winners are entitled to $100,000 and $50,000 respectively. Eight special prize winners will each pocket $30,000 and $240,000 will be dedicated to this group of winners. 42 finalists will each walk away with $5,000.
The winners of the competition will be announced at Tron’s inaugural summit – the niTRON summit to be held in San Francisco, USA.
Tron Is Gaining Ground
Tron is one of the most active blockchain protocols recently reaching 2,000,000 transactions and 700,000 registered accounts. Justin Sun highlighted this in a tweet:
Today #TRON is writing #blockchain history with over 2,000,000 transactions and 700,000 accounts registered! This is just the beginning, more exciting news during #niTROn2019! Re-tweet and win a pass for the best Blockchain event of 2019. I will randomly pick 10 winners!
— Justin Sun (@justinsuntron) December 2, 2018
In its recent Dapp activity weekly activity report, Tron noted that the number of transactions on its network had increased by 11 percent in the week. Tron further claimed that Ethereum and EOS developers are also moving are migrating to its blockchain protocol.
To further the adoption of its blockchain platform, Tron recently announced Tron Arcade, a $100 million investment fund to support the development of blockchain games over the next three years. According to the announcement, Tron wants to
“Empower developers to create and execute on their ideas, to introduce new games and content into an autonomous ecosystem, and to build a strong community of content and entertainment.”