Tron (TRX) Announces Accelerator Plan For DApp Creation With $1 Million in Prizes

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A few hours ago, Justin Sun announced via twitter that TRON (TRX) would be launching an accelerator plan geared towards encouraging the development of DApps on the network. His tweet went on to state the following:

This industry-leading plan, #TRON accelerator plan will empower developers and start-ups to develop #Dapps based on TRON protocol, one of the most active protocols with a daily transaction volume of over 1 million and more than 600,000 wallets. #TRX$TRX

About the Accelerator Plan

As stated by Justin, the plan will empower developers and start-ups to develop DApps on the Tron protocol. The Tron network has continued to exceed expectations with the amount of daily transactions it can handle as well as the number of total user accounts. In the last 24 hours, Tron has handled 2,393,997 transactions and has 702,111 user accounts. This type of stability and efficiency is what developers look for in a blockchain network when creating a decentralized application.

Submission of Projects is Between December 1st 2018 – January 4th 2019

Developers who wish to participate should submit their projects between the 1st of December and the 4th of January. Participation is via registration through EventBrite.com. More information on the Tron accelerator plan can be found on TronAccelerator.io.

Prizes Worth $1 Million

Key to the accelerator plan, is the availability of rewards worth a total of $1 Million. The breakdown of the $1 Million in rewards is as follows.

  • $200,000 for the 1st Prize Winner
  • $100,000 for the 2nd Prize Winners (2)
  • $50,000 for the 3rd Prize Winners (3)
  • 8 Special Prizes worth $30,000 each. A total of $240,000
  • 42 Finalist Prizes worth $5,000 each. A total of $210,000

The Grand prizes winner – 1st, 2nd and 3rd – will have a chance to travel to San Francisco to attend the niTROn Summit. Travel and accommodation will be catered for by the team at TRON with opportunities to participate in future Tron events and programs.

What are your thoughts on the $1 Million Accelerator plan by Tron to boost DApp development? Please let us know in the comment section below. 

Disclaimer:This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

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