UBIT

DEFI

Connect

The UBIT Blockchain Ecosystem Hackathon 2024, organised by Coinstore Labs, has wrapped up, marking a significant milestone for the blockchain development community. With developers from over 30 countries submitting 102 projects, the event showcased innovative solutions and advanced technology, promising to benefit the UBIT chain and shape the future of the industry. 
Thanks to all our amazing sponsors, including 4EVERLAND, our strategic partners D2Labs and Hashlock, and our media partners Bitdigest, Blockpedia, Coinedition, CoinGabbar, Voice of Crypto, Connect Web 3, Cryptic Web3, and The News Crypto, who made this online hackathon a success. 
<h3 class="wp-block-heading" id="h-winner-announcement-for-ubit-hackathon-2024">Winner Announcement for UBIT Hackathon 2024:</h3> 
We are thrilled to announce the winners of the UBIT Hackathon 2024, celebrating outstanding projects that have demonstrated excellence in developing groundbreaking solutions. A total prize pool of 200,000 USDT will be awarded to the top teams in recognition of their innovation and technical prowess. 
<h3 class="wp-block-heading" id="h-defi-track">DEFI Track:</h3> 
<ul> 
 <li>First Place: UBITStake A decentralized platform on the UBIT Blockchain that allows users to securely stake UBIT tokens and earn rewards effortlessly.</li> 
 <li>Second Place: FluxLayer An advanced cross-chain infrastructure offering enhanced security and faster finality, enabling seamless scalability across dApps with a permissionless SDK.</li> 
 <li>Third Place: UBITLend A secure P2P platform providing crypto-backed loans for borrowers and attractive returns for lenders, emphasizing security, transparency, and fairness.</li> 
</ul> 
<h3 class="wp-block-heading" id="h-web3-ai-track">WEB3 + AI Track:</h3> 
<ul> 
 <li>First Place: STAR-EX V2 A GameFi innovation that uses cross-chain technology to overcome traditional limitations, enhancing interoperability and accessibility across devices, and driving gameplay innovation.</li> 
 <li>Second Place: FanBet An immersive gaming experience combining AIGC (Artificial Intelligence, Generative Content) with blockchain technology for AI-driven content and gameplay.</li> 
 <li>Third Place: ClickEngine An intuitive event-based system for creating games across mobile, desktop, and web platforms, facilitating transactions for assets, templates, and game purchases as NFTs.</li> 
</ul> 
<h3 class="wp-block-heading" id="h-highlighting-promising-projects">Highlighting Promising Projects:</h3> 
Beyond the top winners, we are excited to highlight several projects that stood out for their creativity and potential: 
<ul> 
 <li>Best Creative: UFlix A decentralized EVM-based video streaming service on the UBIT network, offering peer-to-peer streaming, secure IPFS storage, a SocialFi ecosystem for monetization, and community-driven governance through a DAO.</li> 
 <li>Best Creative: PayBit A fiat payment tool based on UBIT, designed for instant liquidity, allowing users to seamlessly convert fiat currency to UBIT, enhancing liquidity within DeFi protocols and facilitating smoother transactions.</li> 
 <li>Most Potential: UBID A project focusing on decentralized identity solutions, providing secure and verifiable digital identities on the blockchain.</li> 
 <li>Most Potential: UBIT Wallet An innovative digital wallet solution that enhances user experience with secure and easy-to-use features for managing UBIT tokens.</li> 
</ul> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “We are excited to announce the successful completion of the UBIT Hackathon 2024,” said Shock, Head of Coinstore Labs. “The quality of projects presented was outstanding, showcasing the fast-paced innovation happening in the blockchain space. It was inspiring to see the creativity and dedication of the participants as they tackled real-world challenges with blockchain technology. Their efforts highlight the potential of the UBIT chain and promise exciting developments for the future.” 
</blockquote> 
Coinstore Labs is excited to announce that we will be organising more blockchain hackathons in the future. These events aim to continue fostering innovation and collaboration within the blockchain community, providing a platform for talented developers and entrepreneurs to showcase their skills and creativity.&nbsp; 
Once again, we congratulate all the winners of the UBIT Hackathon 2024 on their well-deserved success. The blockchain landscape is brimming with opportunities, and this hackathon marks only the initial stages of an exciting journey for many of its participants. 
<h3 class="wp-block-heading" id="h-about-coinstore-labs">About Coinstore Labs:</h3> 
Coinstore Labs, an accelerator under the Coinstore Group, is dedicated to providing start-up capital and resources to outstanding entrepreneurs, fostering the growth of the global blockchain industry. Our focus spans key sectors such as DeFi, basic infrastructure, Web3, and public chain ecosystems. Leveraging extensive venture capital resources and strategic partnerships, Coinstore Labs supports blockchain projects at various stages of development, empowering innovators to transform industries and drive the advancement of cutting-edge technology. 
<h3 class="wp-block-heading" id="h-contact-information">Contact Information:</h3> 
<ul> 
 <li>Coinstore</li> 
</ul> 
<ul> 
 <li>Website: <a href="https://www.coinstore.com/home" target="_blank" rel="noreferrer noopener nofollow">Coinstore Official Website</a></li> 
</ul> 
<ul> 
 <li>Twitter: <a href="https://x.com/CoinstoreExc" target="_blank" rel="noreferrer noopener nofollow">@CoinstoreExc</a></li> 
</ul> 
<ul> 
 <li>LinkedIn: <a href="https://www.linkedin.com/company/coinstore/" target="_blank" rel="noreferrer noopener nofollow">Coinstore</a></li> 
</ul> 
<ul> 
 <li>Discord: <a href="https://discord.com/invite/ttaM9tdnD3" target="_blank" rel="noreferrer noopener nofollow">Coinstore Discord</a></li> 
</ul> 
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Coinstore Labs & UBIT Hackathon 2024: Announcing the Winners and Celebrating Blockchain Excellence

Table of Contents

TheNewsCrypto

Other articles published on Jul 29, 2024

Gate.io Unveils HedgeSmart Strategies-USDT: 10% To 20% Annualized Yield With Principal Protection

Solana Surpasses $190 Milestone

Top Gainers Spotted with Max Surges Over the Past 24 Hours

Ethereum Foundation Transfers TKO Tokens to Bitcoin Suisse

Solana Overtakes BNB, Eyes $200: What’s Driving SOL’s Bullish Momentum?

New Solana Memecoin Trump Fired Biden Will Surge 17,000%, While SHIB and DOGE Struggle

Join our free newsletter for daily crypto updates!