TRON DAO and BitTorrent Chain (BTTC) have released details of the TRON Grand Hackathon 2022. The team says it has increased the overall prize pool of this year’s “HackaTRON” from $1 million to $1.2 million. Participants with the outstanding Tron-based DeFi, GameFi, NFT, or Web3 solution will receive rewards, according to a press release on September 19, 2022.
Tron HackaTron Season Three
Tron DAO, the decentralized autonomous organization in charge of Tron, a blockchain project that claims to be dedicated to accelerating the decentralization of the internet, has launched the Tron Grand Hackathon Season Three.
Per a press release shared with crypto.news, this season’s event aims to expand upon the success of Season Two, which the Tron team claims attracted more than 1,800 participants with over 200 Tron-powered blockchain solutions.
The team says the Tron Grand Hackathon Season Three competition comes with an increased overall prize pool from $1 million to $1.2 million and two more project tracks will be added to the existing categories.
Tron DAO explained:
“The returning tracks will have a total of five winners chosen by members of the Tron community and another five winners chosen by the hackathon judges. There will be five winners for the Academy track along with five ‘honorable mention’ winners. The Ecosystem track will feature 10 winners, five for creative based projects and another five for technical projects.”
Tron HackaTron 2022 Prize Distribution
The overall winners of the HackaTron Season Three event, selected by judges across the DeFi, GameFi, NFT, and Web3 categories, will get $60,000. Meanwhile, the runners up will receive $50,000. The third, fourth, and fifth-placed participants will get $40k, $30k and 20k, respectively.
In the same vein, 1st prize winners chosen by the Tron community (across the DeFi, NFT, GameFi, and Web3 tracks) via a voting process will get $10,000, the second runners-up will receive $9,000, while the third-placed participant will receive $8,000. The 4th and 5th-placed participants will get $7k and $6k, respectively.
That’s not all, the 1st prize for Technical & Creative projects in the ecosystem track is $15,000, while the 2nd, 3rd, 4th, and 5th-placed projects will receive $12,500, $10,000, $7,500, and $5,000 respectively.
And lastly, prizes for judge-voted winners in the Academy track start at $15,000 for 1st prize, and $10,000 for the second prize, while the 3rd, 4th, and 5th prize winners will receive $9,000, $8,000, and $7,000 respectively.
The team added:
“The five ‘honorable mention’ winners in the Academy track will each receive $5k. To learn more about community voting and the prizes visit the TRON DAO Forum. We are excited to discover a multitude of innovative and diverse projects looking to positively influence the world with TRON.”
Founded by H.E. Justin Sun in September 2017, the Tron project has reached various significant milestones so far including its mainnet launch and acquisition of BitTorrent in 2018 and overtaking Ethereum to become the network with the largest circulating supply of Tether (USDT) since April 2021.
As of August 2022, the Tron Network boasts over 110 million total user accounts on the blockchain, more than 3.8 billion total transactions, and over $13.2 billion in total value locked.