Moreover, the exchange decides to hold its initial “Binance SAFU Hackathon” at Singapore probably on January 19/20, 2019. This event intends to develop an overall safer and progressive cryptocurrency ecosystem. Moreover, this event will empower blockchain engineers and developers to rapidly enhance ongoing distributive ledger technology standard solutions.
Also, the company via an email says this 32-hour round session (the clock event) will motivate blockchain developers around the space. This helps to step up their prototype development regarding blockchain solutions. Moreover, they will be able to offer solutions to the frequent issues currently buzzing around systems. The statement reads:
With the theme ‘Query Platform for Address Security: Is the transaction address you are sending your crypto to SAFU?’, the Binance SAFU Hackathon encourages long-term, sustainable growth of the blockchain industry, calling for top developers from around the world to build a safer community where users are protected from scams, hackers, and money laundering.
Binance may join hands with majority of the groups. Hence, letting the Binance SAFU Hackathon attain some good and top talent across the industry. The announcement also says that winning team will earn worth $100,000 in prizes.
There were many previous pre-hackathons that have ended, few taking place from December to January at, Hong Kong, San Francisco, Singapore, and Seoul. The first pre-hackathon ended up last December at San Francisco, California. Good news is, the developers, not able to attend the last San Francisco event are still eligible for the final Binance SAFU Hackathon at Singapore.
The can join and qualify one amongst the three remaining pre-hackathons. Moreover, for more information on registration preferring parties need to follow Binance Blockchain Week via Twitter. The panel of judges will choose the hackathon winners depending on quality, innovation, technology pitch, and demonstration.
Apart from cash prizes, the winner will grab a chance to meet senior executives working at Binance as well as incubation program of investment arm at Binance- Binance Labs.