The Minima Innovation Challenge Powered by EdenBase
Build the Future of Truly Decentralised Apps
The Minima Innovation Challenge is designed to support and encourage individuals and teams to create innovative solutions using the Minima Protocol.
13.07.22 – 30.08.22
10 prizes of USD $1,000 in Minima for Phase 1 winners
2 prizes of USD $5,000 in Minima for Phase 2 runners-up
Top prize of USD $20,000 in Minima to be won
What is Minima?
Build on Minima, the world's first truly decentralized blockchain network, enabling everyone to freely connect and prosper.
Competition Structure
The Minima Innovation Challenge is designed to support and encourage individuals and teams to create innovative solutions using the Minima Protocol.
The challenge will be split into two phases.
1. Ideation Phase
Over the course of three weeks, teams will have access to educational resources and office hours with the Minima and EdenBase teams to brainstorm and ask questions.
At the end of the three weeks, teams will not need to deliver any code yet, however, a brief presentation of the idea accompanied by a written description will need to be shared. This includes a discussion of market fit, why the idea is uniquely suited for the Minima Protocol, and what the competitive landscape looks like.
From the Ideation Phase, the top 10 projects will each receive $1,000 in Minima tokens and be invited to Phase 2.
2. Coding Phase
The Top 10 teams from the Ideation Phase will build their solutions using Minima, and provide at least a Proof of Concept (PoC) at the end of the sprint.
From the projects that submitted a PoC, the top 5 will be invited to feedback and mentorship sessions that will provide them with further technical and business support in developing the dApp use case and code.
We are looking for outstanding submissions. Teams that show more long-term thinking, including ideas around how to productize their idea, will have a higher chance of winning.
Topics of Interest
Social Impact
Healthcare
Education
Sustainability
NFTs
P2P Payments
Crime Prevention
Censorship Resistance
Integrity and Provenance of Data
Media
Gig Economy
Gaming
Cross Border Usage in Underprivileged Countries
De-Demonization of DeFi to Regulators
Self Sovereign Identity
Energy Efficiency
Tech for Migrants
P2P Communication
Enterprise Applications
DeFi Borrowing and Lending
DEXs
Decentralised Social Media
...and others that we haven't thought of!
Judging Criteria
The submissions will be evaluated based on the following criteria.
Innovative Approach – is this a novel innovative idea?
Application of Minima Protocol – is this project utilizing Minima correctly? Does it embrace Minima’s full potential?
Market Fit – is this something that is needed on the market? Was the productization strategy presented?
Quality of Presentation – was the pitch convincing? Does the team want to move this to the next level?
Quality of code – is the project coded in a professional way?
Feasible Roadmap – are the next steps clear and actionable?
Concessions may be made if an idea is amazing, even if the deployment of it still requires extra support.
The Minima Prize Pool
The total prize pool is USD $40,000 in Minima Tokens
The Top 10 teams from the Ideation Phase will receive USD $1,000 worth of Minima Tokens and will move on to the Coding Phase of the Innovation Challenge
The 2 runners-up in Phase 2 will receive USD $5,000 in Minima Tokens each
The overall winning team/project will receive USD $20,000 in Minima Tokens
Making it Real
The Top 10 teams from the Ideation Phase will build their solutions using Minima, and provide at least a Proof of Concept (PoC) at the end of the sprint.
From the projects that submitted a PoC, the top 5 will be invited to feedback and mentorship sessions that will provide them with further technical and business support in developing the dApp use case and code.
We are looking for outstanding submissions. Teams that show more long-term thinking, including ideas around how to productize their idea, will have a higher chance of winning.
Submit your application before the 2nd August 2022
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nikki@edenbase.com
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