To support and empower early-age developers, 5ire is proud to announce the start of its BuildToEarn program. The program allocates rewards and incentives ranging upto $500,000 to aspiring developers keen to discover (as well be a part of) the diverse, innovative opportunities made possible with the 5ire protocol.
The BuildToEarn program has been developed in due alignment with 5ire’s core objective, which is, among other things, to foster the adoption of blockchain technology by integrating sustainability, technology, and innovation to build the 5th industrial revolution (5IR). It aims to provide developers with an opportunity to earn rewards by developing and maintaining dApps and contributing to the development of the 5ire ecosystem.
The program offers funding rewards and support to anyone building on 5ire, whether as an individual developer or a larger team. These incentives range from rewards that can be easily claimed by developers who can build decentralized applications (dApps) to larger grants for highly ambitious projects.
You can learn more about the reward tiers from the programs listed below: —
It’s not a secret that there’s nothing as inspiring as an environment where healthy, profitable competitions thrive. Thus, 5ire has developed its BuildToEarn program to inspire developers to join the ecosystem by creating a succession of reward tiers under its umbrella, with each reward segment hosting its own peculiar reward.
1. Competition Programs
The first reward tier is the competition program which is split into two segments where 5ire will give away rewards up to $100,000. Whereas the first segment of the competition program (competition #1) seems to reward developers based on availability status and consistency, the second (competition #2) tends to reward mastery and efficiency — such that the top 10 dApps get an incentive after evaluation.
- 5ire’s BuildToEarn program is intended for applications that illustrate the use of 5ire’s blockchain technology.
- Proposals must be submitted by filling out an online application form.
Developers should describe in detail what the dApp does, what problems it aims to solve, and how its unique features can be useful to 5ire. Moreover, if you are looking for a more significant, long-term project grant, you will be asked additional questions regarding the project duration and justifications for the costs.
Note: Users must consider noting down their responses in an external document before copying and pasting them into the form to make it easier to fill out the form.
Your proposal will be evaluated by the 5ire team based on the following criteria:
- Adoption Value
- Usefulness of use-case
- Team’s experience
- Technical feasibility
Note: After you have submitted your proposal, the 5ire team will shortly get in touch with you. If your submission is accepted, we will create a public Github bounty for you. The reward payment will be made to your account once the work is delivered to us.
2. EVM Porting
Other than the competitions mentioned above, there are rewards ranging upto $3,000 associated with EVM porting. An Ethereum Virtual Machine is a software platform, or “virtual computer,” used by developers to create decentralized applications (dApps) and execute and deploy smart contracts on the Ethereum system.
As such, any developer who can implement a successful EVM porting stands a chance to secure the following rewards, which are somewhat relative to the number of entries submitted.
3. Referral Program
If you refer people to create dApps on 5ireChain, you can earn a reward of up to $250.
All you need to do is send your unique referral link to your friends and invite them to create a dApp on 5ireChain.
You can make unlimited referrals- The more people you refer, the greater your rewards.
4. Gas Fee Reward Program.
We are building something foundational and game-changing simultaneously, and we want you all to come and build on and with us. But that’s not effortless labor for those who might be unable to sort out the transaction fee (Gas).
Gas refers to the unit of energy used when executing transactions on the Ethereum network. Computational power is necessary for every transaction, so each transaction requires a fee or Gas.
In a bid to encourage potential developers through various incentivized programs, 5ire has come up with a generous Gas Fee Reward Program. All you have to do to enjoy no or reduced gas fees as a developer is to join the 5ireChain network and start building.
The following are the set criteria to assess the Gas Fee Reward Program:
- First 25 users — Free Gas for 3 months
- 26–50 users — 50% reduced gas fees for 3 months
- 51 to 75 users — 25% reduced gas fees for 3 months
Note: The BuildToEarn Campaign runs for a limited time, with rewards being offered on a first-come basis. All the earned incentives will be airdropped after the TGE.
Join 5ire today and help transform the future of sustainable development through decentralized applications. Start building on our ecosystem and unlock the potential of blockchain technology.
More information about 5ireChain can be found by clicking on the following links:
White paper: https://bit.ly/3Qcsmor