Kakao's Blockchain Project 'Klaytn' Holds Its First Blockchain Application Competition, 'Klaytn Horizon' with a $1 Million-Dollar Prize Pool

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• Inviting all developers worldwide to participate via the official Klaytn Horizon webpage
• 1 million-dollar BApp competition runs until August 15, 2019
• Looking for killer BApps to join Klaytn towards bringing blockchain mass adoption to fruition

SEOUL, South Korea, May 24, 2019 /PRNewswire/ -- Klaytn, the blockchain platform of the leading South Korean mobile platform, Kakao is holding its very first BApp (Blockchain Application) competition until August 15th, virtually open to all developers worldwide.

Klaytn Horizon invites all developers to build BApps by utilizing the Klaytn platform. Any interested blockchain developers or other blockchain platform-based service providers may participate through the official Klaytn Horizon webpage.

Klaytn uses the word 'BApp' to refer to blockchain-based applications rather than the popularized 'DApp' (Decentralized Application), in recognition of the fact that decentralization is just one of the many attributes that users will benefit from blockchain technology and from using Klaytn services as well. Accordingly, the judges will select and award BApps that have the potential to deliver practical blockchain service with meaningful values based on user-friendly blockchain experience to millions.

The participants may enter the competition individually or within a team with no limit to the number of teammates. They may also build BApps to serve an industry of their preference, ranging from contents to entertainment, healthcare, finance, commerce, payment, lifestyle, technology, etc. With a prize pool of USD 1,000,000, which will be awarded in Klaytn's token, KLAY, a total of 15 teams, in 4 different tiers, will be selected. Tier 1 (the first five teams) will receive $100,000 each, while Tier 2 (the second five teams) and Tier 3 (the third five teams) will receive $50,000 and $30,000 each. The winners will be announced in late September. There will also be KLAY airdrop events to encourage developers to participate.

Jason Han, the CEO of Ground X, heading the development and operation of the Klaytn platform said, "Our Klaytn Horizon is designed in a way to expand our ecosystem and also discover great blockchain service providers for possible partnership opportunities with us." He added, "We hope to see many developers join Klaytn's efforts towards driving mainstream adoption of blockchain services."

Further, 'Klaytn Build Program,' set to kick off on May 30th, invites developers to create developer tools that enhance the Klaytn platform usability. The official announcement can be found on Klaytn's medium page. Klaytn plans to run more programs that invite developers to contribute to the platform.

[About Klaytn]
Klaytn is a public blockchain platform of the leading South Korean mobile platform, Kakao. Dedicated to validating the value and utility of blockchain technology by providing a blockchain service for mass adoption, Klaytn provides an easy development environment and friendly user experience. Klaytn seeks to continue advancing the platform to offer blockchain services for millions of users.

For more information, visit:
https://klaytn.com
https://medium.com/klaytn
https://twitter.com/klaytn_official

SOURCE Klaytn