Designed by the KuCoin platform community, the KCC is an EVM-compatible, high-performance blockchain. To stimulate the development of its ecosystem, it is organising a competition to detect and support the best projects to come on its network. The winning projects will receive a considerable amount of incentives, including funding, advice and marketing support.
KCC’s Unicorn Contest is a great opportunity for developers
The KuCoin Community Chain (KCC), the open blockchain driven by the KuCoin platform community, is accelerating the development of its ecosystem.
In order to stimulate it and attract applications and protocols, the KCC is organising a contest called the “Unicorn Contest”. Projects of all types can compete, particularly in the fields of decentralised 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, there are a plethora of incentives, including a total of $1 million in prize money, up to $10 million in cash, and other ways to support projects, such as marketing and consulting.
Winning projects will be awarded up to $300,000 and the expected prize distribution is as follows:
KCC Unicorn Contest main prize breakdown
There will also be special prizes and independent awards, covering various areas of the KCC ecosystem.
The specific prizes, each worth $20,000 in KCS, are set as follows:
- Best GameFi / Metaverse project;
- Best Non-Fungible Token Project (NFTs);
- Best SocialFi / DAO / Web 3.0 project;
- Best Infrastructure Project.
These are also the independent awards, which will reward each project with $30,000 in KCS:
- Most Innovative Technology Award ;
- Most Popular Community Award;
- Best Wallet Experience Award;
- Most Promising Development Award;
- Best Social Initiative Award.
How will the winning projects be selected?
In the Unicorn Contest, the KCC community will evaluate projects based on the total value of funds locked in, daily transaction volume, average monthly transaction volume, number of active addresses, product innovation and other key metrics.
Are you a developer planning to deploy your application on the KCC? Whether it is a KCC-native project or a cross-chain application capable of connecting to the KCC blockchain, the competition is open to many initiatives.
The selection process for the winners is divided into two phases. In the first phase, the KCC GoDAO (a decentralised autonomous organisation focused on the KCC ecosystem) and leading experts from the cryptocurrency industry will compose a jury that will examine the competing projects in detail. Their assessment will be based primarily on the figures (as mentioned above) of the projects on the KCC blockchain between 18 April and 8 May.
Then, in 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 that 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
