Mixin Network Launches $150,000 Rewards Pool Developer Competition


Mixin Network will host a developer competition where blockchain innovators can demonstrate their creativity. The allocated prize money is 1,000 XIN, which is equivalent to $150,000 using the prevailing exchange rates.

Since its inception, the Mixin network has supported several blockchain networks as well as digital currencies. Now that the platform wants to add a transaction network and technology infrastructure, they are organizing a developer competition.

The competition’s registration period started on November 14 and is expected to end on January 3, 2019. Participants will submit their projects on January 4, with the result being announced on January 10, 2019. To be eligible, developers must present projects based on the Mixin Network protocol.

The primary objective of the Mixin Network is to provide a platform where users can access multiple blockchain networks. So far, the network has established links with major blockchains, including Bitcoin, EOS, Ethereum, Ripple, and Bitcoin Cash and many others. Also, it has facilitated 100 million transactions with an estimated worth of $50 million.

The winner will get 300 XIN ($45,000), the runner-up will get 100 ($15,000) and the third prize is set at 50 XIN ($7,500). The competitors will have access to consultancy services offered by the lead developers of the Mixin Network.

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