US$2 million assistance for blockchain businesses

Barbadian Blockchain Company OneLedger Technology has launched a US$2 milion Ecosystem Bounty that supports ambitious and creative developers to build the next generation of applications.

Drawing on the benefits of the OneLedger network, including fast transactions and low transaction costs, developers have a fertile environment in which to turn their ideas into the next blockbuster application.

Support will be given to development teams that can demonstrate great market foresight to build products that will stand out as tokenisation, crypto gaming, NFTs and the metaverse achieve mass adoption. “Given the electric pace of developments in crypto over the past year, there’s never been a more exciting time to be developing in the space.

The market has shown a strong appetite for applications relating to areas such as DeFi, NFTs, GameFi and the metaverse. Now it’s time for protocols to provide the support and tooling for developers to bring these dApps to the masses,” chief executive officer of OneLedger Technology, George Connolly, said.

He added: “We’ve launched the Development Fund as we firmly believe that OneLedger offers all the requirements necessary to build dApps that are fast, cheap and interoperable with other chains, and can scale to millions of users.

The funds we’ve allocated to the program will help motivate ambitious developers and teams to take their ideas to the next level. We can’t wait to find out what creative ideas will come out of our ecosystem as the teams get to work.”

The $2 million prize pool will be used to unearth talent in the growing OneLedger ecosystem and provide the resources necessary to bring unique ideas to fruition. Developers interested in participating in the program will benefit from the distinguishing properties of the OneLedger network as a fertile ground for experimentation.

With fast transaction speeds, low transaction costs and interoperability across popular networks including Ethereum, Binance Smart Chain and Polygon, developers will find the ideal environment to build their products and engage users.
With the ecosystem now at 2.0 level development the company intends to actively expand its functionality starting with the ecological bottom layer (cross-chain bridge, lending, trading, stable coins, liquidity mining, staking pools), and then actively transform to undertake higher-dimensional ecological construction.

This next chapter in the OLT ecosystem will bring together chain games, NFT, and the Metaverse in the future to form new opportunities.

Applicants can build or port existing DApps on the OneLedger 2.0 platform and utilise the following advantages:
● Low gas fees (almost zero as opposed to tens of dollars on Ethereum)
● Fast transactions (seconds as opposed to few minutes on Ethereum)
● Complete compatibility with Ethereum (EVM/OLVM) – if you are already on Ethereum you can port to OneLedger for all the above advantages at no cost and in no time
● Create your own token (tokenise)
● Attract investors that are forming DAOs on the OneLedger platform
● Participate in Builder Mining Rewards programme
● Fully integrate your DApp into the Web3 platform
● Syndicated Bridge for multichain framework connectivity
● All Decentralised.

For more information on the Development Fund and how you can apply, visit – here: https://www.oneledger. io/bounty-entry-form/ (PR)