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Win Big At IOTA

 
Win Big At IOTA
Breaking News / IOTA

Engaging with your community is important for any business or creator. When it comes to IOTA they have come up with an idea to do just that, by giving credit to the community for their discussions that have helped the thought process around the potential of the project, IOTA announced it is now launching a new community contest named the Perfect Brainstorm. The IOTA contest aims to bring together the business-oriented, visionaries and brightest thinkers to seek out new use cases enabled on IOTA.

According to blokt:

“The winning contestant will receive $300 and will work with the IOTA Foundation on the use case idea they suggested. The 2nd prize winner will receive $200, and the 3rd prize winner will receive $100.”

Those who finish in fourth or fifth will not get cash rewards but instead the top five ‘winners’ will be provided with an IOTA branded Ledger Nano S device.

For good submissions, there need to be three things. How their idea solves a problem, a description of their market and how IOTA can be utilised to solve the problem. The size of each team is limited to just three people so IOTA will accept submissions until midnight on 14th December. For those that are interested, they will have to submit PDFs which will include their use case proposals, diagrams and graphics.

Those who will oversee the contest will be three people from the IOTA Foundation and they will judge the submitted projects based on the quality, how realistic they are and how original they are. So if you have an idea that no one has thought of just yet then get involved and you might just win! A total of 40 points are set for the teams with each principle having ten points.

The judges will include the co-founders of IOTA Dominik Schiener and David Sontebo as well as IOTA advisor and the founder of Seedlab, Regine Hashka-Helmer. Those who win the best project will be announced on the 21st of December.

IOTA also said that it has seen new cases of the project developing on its discord server and Reddit whilst also mentioning:

“This discussion within the IOTA community has helped mature the thinking around the possibilities of IOTA and DLT in general and has brought various interest groups and individuals closer together.”

What are your thoughts? Let us know what you think down below in the comments!

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