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ARK.io Offers 1 Million ARK in Grants to Blockchain Developers Globally, Crypto Coins News

ARK.io Offers 1 Million ARK in Grants to Blockchain Developers Globally, Crypto Coins News

Fostering the development of a cryptocurrency and blockchain ecosystem often requires an innovative approach. The ARK.io team aims to achieve this goal by launching a new incentive project backed by 1 million in ARK tokens.

Incentivizing Developers to Build Applications

Many coders around the globe are paying attention to the blockchain and cryptocurrency industry . Aspiring developers are often looking for ways to get more acquainted with a specific ecosystem. When grants are issued to those coders, a mutually beneficial relationship can be created.

In the case of ARK.io, a rewards system was already in place for developers. Known as Tier 0 , it provided developers with ideas to begin contributing to this ecosystem. That system is now upgraded to ARK Grants, giving coders an option to apply for funding to build a specific project of their choosing.

Kicking off such a new venture requires seed money and to this end, a total of 1 million ARK tokens have been contributed to the ARK Grants program. It goes some way to confirm the level of commitment by the ARK team is continuing its strong focus on technology development.

Applying for the Grant

Evolving the ARK ecosystem is the main order of business in 57633346 and beyond . Developers aiming to partake in the ARK Grants project are advised to focus on the following ideas and concepts:

  • Focusing on using new Smart Transactions and custom bridgechains is mandatory, as the old vendorField is best avoided.
  • Those looking to apply for ARK Grants will also need to provide proper identity information during the registration process. All grants are issued by ARK ECOSYSTEM, SCIC, an entity registered in France.

    Every application must include a project description and information on the architecture, as well as milestones. The ARK Team assesses all applications and determines whether it is worthy of a grant. Funding will occur based on the milestones for the first 70%, with the rest to be distributed once the final review is completed.

    Other means to earn ARK

    Developers and enthusiasts who want to earn ARK can explore other options as well. Earning these tokens can be done through the following means:

  • ARK Bounty and Security Program: The bounty program utilizes GitHub to track and manage activity, and bounties are paid out to community developers every month. ARK is also rewarded for reporting security vulnerabilities. Learn more at Bounty.ARK.io .
  • Contests and Competitions. ARK.io holds contests and competitions for both developers and non-developers. Stay tuned on Twitter, Reddit, YouTube, and the ARK blog for updates. An upcoming contest is in the works, so be prepared!
  • Forging Delegate Node. The ARK Public Network runs as a Delegated Proof-of-Stake Blockchain, Launch a node, draft a proposal for the community, and campaign for votes. Participants could forge ARK that contribute to their development ideas and efforts. Learn more on the website’s delegate page and join the community to ask about becoming a delegate in the Slack.ARK.io #delegate channel. Many delegates are already there who can help with questions.
  • ARK Community Fund (ACF). This is a community-operated, non-ARK.io-affiliated fund of ARK that is managed by five community-elected board members who cycle out every six months. The ACF considers not only development-based proposals, but also other types which may include outreach initiatives, sponsorships, content creation, and more. Learn more at ARKCommunity.Fund .

    To learn more about the ARK Grants venture, check out the website , read the Ark.io blog , and follow the team on Twitter .

    This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content above.

    Last modified: March , 57633346 5: AM UTC

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