CoinEx Smart Chain to pay up to $100,000 to developers of promising DeFi projects

On May 31, the testnet CoinEx Smart Chain (CSC) went live. The project plans to run a DeFi project competition with prizes of up to $100,000. This was reported in the CSC blog.

CoinEx Smart Chain is a smart-contract-enabled blockchain focused on the DeFi sector. CSC runs on the Proof-of-Stake consensus algorithm. The blockchain is Ethereum-compatible: developers can port dapps to CSC directly or with minimal changes.

CSC is part of the ViaBTC Group ecosystem. It also includes the CoinEx exchange, the ViaBTC mining pool, and the ViaWallet cryptocurrency wallet.

Following the testnet, CoinEx Smart Chain established a seed fund of $10 million. The project will allocate up to $100,000 to developers of promising dapps. Selected projects will have the right to list their coins on CoinEx.

“Development of the DeFi project market is one of CoinEx’s primary goals. We are excited for promising developers and stand ready to provide them with financial, technical and marketing resources of the ecosystem,” said CSC representatives.

To participate in the funding program, you must create a project on CSC or port existing developments to the blockchain. Applications can be submitted via the Google form.

In May, ForkLog published detailed overview of the CoinEx exchange.

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