A huge number of groups have taken part in the race to tokenize Bitcoin Cash (BCH). The developers and their teams are excited to learn of the whopping amount of prize money.
£5 Million prize money.
More than 50 Teams have taken part in the BTC tokenization contest that is sure to turn digital currency into a “cornerstone of a globally distributed economy”. Coingeek introduced the challenge and has declared of a huge prize of £5 million. This whopping amount of prize money has been made possible with the collaboration with Nchain Group.
“While it is our firm belief that BCH is the one true blockchain that will emerge out of all the FUD around cryptocurrencies right now, we want to also ensure BCH has all the tools necessary to make that claim and more. Tokenization is another step on that journey as we create a ‘best of breed’ coin that has all the components of the original Satoshi white paper but also has the additional features that enhance BCH further still”, stated Ayre.
The developers have explained that the contestants will have to design a system that allows secure creation, destruction and redemption of tokens. Along with this, they have to create a wallet that enables the users to view, use, and redeem their tokens.They are to provide an audit solution that let’s a third party to check the issued tokens on blockchain technology.
Coingeek is going to give access to various assets from Nchain. The results will be assessed on the basis of its effectiveness and meeting the objectives. There is no compulsion to use Nchain’s assets and the contestants can use their own creative ideas.
If you belong to a team of developers who are interested in taking part in this race, there’s still time to register for the contest.