50,000 ICX to be won by 6 outstanding teams

Each participants can win up to 200 ICX each week

Icon (ICX) has announced the launching of a large blockchain development competition tagged “‘ICON TX (Transaction) Challenge” where interested participants will share a total of 1 million ICX.

According to Icon Team, the formal purpose of coming up with the idea is to encourage and show support for developers all over the world with the aim of developing blockchain environment.

The ICON TX Challenge is a competition where developers are enabled to display their technological talents in building websites or decentralised applications (DApps) themselves. It is a contest where future developers and blockchain experts are discovered.

The challenge is scheduled to commence from June 3rd to July 31st, while processing of application to take part in the contest starts on 2nd May, 2019. Technical support and operating cost is promised to be made available for all the developers in the challenge.

ICON (ICX): What to Do as an Interested Developer



Interested developers are to complete smart contracts that can generate transaction before the commencement of the competition, as one can only apply to take part in developing Dapps or websites after production and verification of SCORE is completed.

200 ICX giveaways will be offered to the first 250 teams that have completed and confirmed their applications, this stands as prize for being in the competition.

During the event, relatively 20,000 TX is performed daily, with 0.01 ICX for every transaction as TX Reward. These rewards are shared among the participants each week. Each participant in the Icon challenge can possibly win 200 ICX per day in the challenge.

Winners’ Selection in ICON TX (Transaction) Challenge



Only 6 teams will be in the final selection based on the laid down standard of the competition, ICON Team has said.

The selection is based on the quality of the websites or DApps built by all the teams in participation. Each of these teams will receive 50,000 ICX as there grand prize.

The future blockchain experts are expected to be part of this ‘ICON TX Challenge’, the benefit is not limited to the prize allocated for the outstanding teams, but the experience each participant will garner matters a lot.