Press Release View Non-AMP

ErgoHack Fest: Co-Presented By The Ergo Foundation And ErgoPad

Published by
PR Manager

Ergo Hackathons have become a principal and defining feature of the community over the last year. In just a short amount of time, ErgoHacks have helped build tools and dApps that are now key pieces of infrastructure in the Ergo ecosystem.

Though these events started out as competitions, one of the greatest outcomes has been the retention and expansion of community developers actively working to build DeFi on Ergo. 

For the next ErgoHack, we are pleased to announce that the Ergo Foundation and ErgoPad (Ergo’s IDO launchpad) are partnering to present this event over a three-week period.

The schedule for this hackathon will have the first-week focus on ideas and proposals, followed by a two week window where participants will develop, make improvements and build prototypes.

As has been in the past, the competition will welcome solo and team participants (of up to 6 people in the group) to the Ergo Discord Server. There, participants can chat with mentors and find other possible teammates (if they are looking for additional members).


Hackathon participants will be free to pursue and build projects that span a variety of DeFi use cases. However, this time the event will not only focus on new projects but also encourage proposals to improve pre-existing ecosystem projects.

As a result, we invite entries from developers, entrepreneurs and professionals from other fields who have ideas that they would like to pursue.

If you are new to Ergo and Ergoscript, we are pleased to announce that DeCo (formerly ErgoLearn) will be active partners in providing educational materials from their online courses.

For more information about DeCo and the courses they offer, please visit their Discord Server. 

As a previous participant in ErgoHack II, ErgoPad is an ideal partner for co-hosting ErgoHack Fest. ErgoPad encourages ecosystem growth and development by offering investors and developers the ability to come together to fund the development of new projects.

When ErgoPad hosts an IDO to help developers raise capital, investors are granted ground floor access to the project. ErgoPad has its own token, enabling holders access to various tiers of investment opportunities for new projects.

Are you ready to build the future of blockchain? Please visit the ErgoHack website for more information and submit your application here.

Prizes

1st – 10,000 SigUSD + 100,000 $ERGOPAD

2nd – 6,000 SigUSD + 50,000 $ERGOPAD

3rd – 2,000 SigUSD + 30,000 $ERGOPAD

Additional prizes include several honorable mentions worth 200 SigUSD and 100 ERGOPAD for every active member. 

Ergo Platform

Like Bitcoin, Ergo is a Proof of Work blockchain developed on the UTXO model. However, Ergo is referred to as an extended UTXO blockchain because its native language (ErgoScript) and application of Sigma Protocols enable expressive, smart contract functionality.

With Ergo, developers are able to design applications that allow for light clients and side chains through the implementation of NIPoPoWs (Non-Interactive Proof of Proof of Work).

The blockchain allows for things such as ring signatures, multi-ring signatures, self-replicating scripts and advanced optional privacy features.

The blockchain was launched as a platform for everyday individuals and its founders drew inspiration from the first principles of crypto.

Ergo is a direct response to legacy institutions and the weaponization of money through traditional finance.

True to its founding ideals, Ergo had a fair launch with no pre-mine and no pre-allocation of tokens to any founders or investors.

The Ergo Manifesto and the desire to address socio-economic injustice are driving forces behind the development of Ergo’s dApps.

The tools built on Ergo are intended to help empower the average citizen while promoting decentralized systems that ensure trustless frameworks.

For more information and to take a deeper dive into Ergo, please visit the following overview of the ecosystem.

PR Manager

Press release about recent ICOs, announcement from startups, new cryptocurrency launch by firms and unlike.

Recent Posts

Crypto Market Hit New Lows—Investors Looking Elsewhere? Ozak AI’s $0.003 Entry Looks More Promising!

The crypto market has recently experienced a vast downturn, with most important projects such as…

April 4, 2025

BTC Price Volatility Spikes Up—Is it a Good Time to Buy Bitcoin?

The US markets are experiencing one of the massive pullbacks, with major stocks plunging by…

April 3, 2025

Forget PEPE – Influencer Pepe (INPEPE) is the Future of Meme Coins with Real Utility!

PEPE hopped its way to a $3.8 billion market cap, but its reign as a…

April 3, 2025

Ripple (XRP) Eyes $10 as Ruvi AI (RUVI) Captures Investor Attention with Huge Growth Potential During Presale Phase 1

Ripple’s (XRP) recent rally from $2.00 to $2.20 has sparked excitement among cryptocurrency enthusiasts. This…

April 3, 2025

How High Can Influencer Pepe Go? Expert Predictions for 2025-2030!

The crypto circus has a new ringmaster: Influencer Pepe (INPEPE). This Pepe-the-Frog-inspired token is making…

April 3, 2025

Crypto Bloodbath: Solana, XRP, and Dogecoin Take Double-Digit Hits, Is Your Altcoin Safe?

The global cryptocurrency market took a major hit today, with the total market capitalization falling…

April 3, 2025