Stellar (XLM): The first winners of the Stellar Build Challenge (SBC) were announced on October 3rd, 2016. The teams were rewarded with a pool of 118 million XLM and the competition has run since then. The second and third pool winners split 50 million XLM and 30 million XLM respectively. The competition has taken place a total of six times bringing together the Stellar community in contributing to development of Stellar platform.
7th Stellar Build Challenge
On May 21st, 2018 the Stellar Organization made an announcement that the 7TH Stellar Build Challenge is up and running. This competition has forever brought about the best open source projects and developments by the Stellar community. Form submissions period will be opened on June 1st 2018 and run till August 15th 2018 will the winners announced on August 30th 2018. The projects should be announced on GalacticTalk during the set upon period.
The competition usually is buzzing with talented developers with brilliant ideas and wonderful projects such as wallets, anchors, dApps being built on the Stellar platform. Each SB challenge sets goals to be met by participants in their respective categories. Below are some of the goals set by the Stellar community for the 7th edition.
Goals for developers wishing to participate and win the 7th SBC
The set goals are to ensure that the participants work towards bettering the Stellar platform while having an ideal collaboration with the strategic goals of the Stellar team.
- Contribute to the already existing open sourced projects to better the state of the blockchain. The participants are expected to develop the functionality of the project, solve the ‘help issues’ from users, contribute new features and enhancements, better the user experience or help improve the overall documentation or recreate it.
Stellar (XLM) also released the various open-sourced projects to work with users free to select in any of these categories; SDKs, wallets, exchanges, ledger explorers and others such as the Stellar Checkout.
- Stellar has also set new ‘cornerstones’ that developers can choose to work on. These new projects gives the Stellar community the chance to work directly with the Stellar Development Foundation (SDF) team. The four SDF projects set for SBC, will be added to the Stellar blockchain and offer a chance for further development.
The Stellar Development Foundation project list
- A better Quorum Explorer.
- Trade bot maker
- Social trading platform similar to EToro.
- Peer to peer wallet.
Stellar (XLM) has been a revelation in the cryptocurrency field, albeit strong competition from Cardano (ADA), which promises a future as bright as Stellar blockchain. The Stellar Org. has worked tirelessly to launch their own main net and has since seen various decentralized applications (dApps) launched on the platform. XLM is currently trading at $0.317635 USD, a slight 4.15% in the last 24 hours. The coin is ranked 8th on Coinmarketcap listing with a total market capitalization of $5,900,859,382 USD.