Designed by the community of the KuCoin platform, the KCC is an EVM-compatible and high-performance blockchain. To stimulate the development of its ecosystem, it organizes a competition to detect and support the best projects to come on its network. The key for the selected projects, a considerable amount of incentives, including funding, advice and marketing assistance.
The KCC Unicorn Contest, a golden opportunity for developers
The KuCoin Community Chain (KCC), this open blockchain supported by the community of the KuCoin platform , is accelerating in the development of its ecosystem .
In order to stimulate it and attract applications and protocols, the KCC organizes a competition called “ Unicorn Contest ”. Projects of all types can compete, especially in the areas of decentralized finance (DeFi), non-fungible tokens (NFTs), GameFi, SocialFi, the metaverse and of course Web 3.0 in general.
As this is a game- changing event in the KCC blockchain ecosystem , a plethora of incentives are planned, including a total prize pool of $1 million , up to $10 million in the form of cash , and other ways to support projects, such as marketing and consulting.
Winning projects will be rewarded with a maximum amount of $300,000 and here is the expected prize breakdown:
KCC Unicorn Contest Main Prize Breakdown
Also provided are specific awards and independent accolades , covering various areas of the KCC ecosystem.
The specific prizes, $20,000 in KCS each, are set as follows:
- Best GameFi/Metaverse Project;
- Best Non-Fungible Tokens (NFTs) Project;
- Best SocialFi / DAO / Web 3.0 project;
- Best infrastructure project.
Here are also the standalone accolades, which will reward each of the projects with $30,000 in KCS :
- Most Innovative Technology Award;
- Most Popular Community Award;
- Prize for the best wallet experience;
- Most Promising Development Award;
- Prize for the best social initiative.
How will the winning projects be selected?
In the Unicorn Contest, the KCC community will evaluate projects based on the total value of locked funds, daily trading volume, average monthly trading volume, number of active addresses, product innovation and other key indicators.
You are a developer and plan to deploy your application on the KCC? Whether it is a native KCC project or a cross-chain application capable of connecting to this blockchain, the competition is open to many initiatives .
The winner selection process is divided into two phases. During the first phase, the KCC GoDAO (a decentralized autonomous organization centered on the KCC ecosystem) and leading experts from the cryptocurrency industry will compose a jury that will examine in detail the competing projects. Their evaluation will be based mainly on the encrypted data (as mentioned above) of the projects on the KCC blockchain between April 18 and May 8.
Then, during the second phase, members of the KCC community will have the opportunity to participate in a community vote, with the idea of ranking the 5 best projects among the 10 finalists who will have been selected by the jury. Voting will take place on the Snapshot platform where only KCS token holders will be able to participate .
