April 5, 2023 – Victoria, Seychelles
OKX, the second-largest crypto exchange by trading volume and a leading Web 3.0 technology company, has teamed up with Google Cloud to host the OKX Hackathon to drive growth and innovation of the blockchain ecosystem.
The three-day event, held in Silicon Valley, California, aimed to encourage developers to build decentralized applications on OKT Chain, a leading layer one blockchain built on Cosmos.
Over 200 attendees joined the hackathon, forming 46 teams and submitting 32 projects that showcased the potential of decentralized, blockchain-based applications to transform various industries.
The OKX Hackathon also aimed to build awareness of OKT Chain’s technology and infrastructure among the wider blockchain community.
By bringing together like-minded individuals with a shared interest in blockchain technology, the event helped to foster a vibrant and engaged community of developers that can promote the growth of the OKT Chain ecosystem.
Meet the winners
The top five projects were awarded prizes based on their innovation, utility and potential to positively change the industry.
The winning teams were as follows.
Lite OKX bridge
For many game and NFT users, a single purchase rarely exceeds $25. Existing bridges are focused on large payments, which makes them redundant in terms of security and with a high entry threshold from $30 to $50.
This project proposed technical solutions for bridging small payments and aims to lower the entry threshold for those who want to explore the OKT Chain ecosystem.
Thanks to the Lite OKX bridge, users will be able to transfer two dollars to five dollars from USDT on Polygon to OKTC in one to two minutes without commissions.
This will allow them to access all projects on OKTC in one click. Thanks to the SDK, sites will be able to natively support this bridge, and the user won’t have to leave the site.
Hexlink
The Hexlink platform offers a significant benefit by eliminating the need for users to set up a wallet before receiving tokens.
Hexlink makes OKT Chain more user-friendly and accessible as it eliminates a barrier to entry for potential users who may not be familiar with the process of setting up a wallet.
It also provides greater flexibility and convenience for users who can set up their accounts and wallets at a later time when it is more convenient for them.
This approach encourages more individuals to participate in activities on OKT Chain, thus…
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