- Near Protocol is launching Gen C 2021, a virtual conference and marketing competition
- The competition would begin on 1st November and ends 30th November
- The network offers $1 million in prizes
What to know about NEAR
NEAR Protocol was founded by Alex Skidanov and Illia Polosukhin and launched its mainnet on April 22, 2020. It has 1 billion NEAR tokens in circulation. It is a decentralized application platform which operates a sharded, developer-friendly blockchain. It runs on a Proof-of-Stake consensus mechanism called Nightshade and provides stable transaction fees and scalability.
NEAR is the native token of the blockchain. It is used as payment for processing transactions and storing data. It is used for governance votes when allocating resources on the network. Users of the blockchain can also run validator nodes by staking their tokens.
NEAR Protocol launches Gen C 2021 competition, offers 1 million in prizes
The blockchain has announced the forthcoming launch of Generation Crypto, a marketing competition and virtual conference. It announced this on its twitter handle @NEARProtocol
📣 @NEARProtocol is launching a marketing competition and conference with more than $1 million in prizes! @GenCryptoConf will give you an opportunity to pitch and put together a marketing proposal for your piece of the $1M.
📅 November 1-30th
— NEAR Protocol (@NEARProtocol) October 16, 2021
Gen C 2021 is inviting proposals from developers hoping to solve some of the challenges affecting crypto, and tech industry in general. The virtual conference would have 50 sessions, with experts discussing various marketing problems and seeking solutions to them.
NEAR Protocol has said that it has sponsors with existing products that needs help in getting a product-market fit. These sponsors have amazing products with low costs to attract long term customers. There are also sponsors new in the digital marketing sphere wanting to showcase their products in exciting ways.
The competition offers $1 million in marketing contracts to successful applicants. There would be more funding for the most promising teams. The event would kick off on November 1st at 8am PST, and would end on November 30th.
The NEAR token trades today at $7.93 USD per token. It has a 24-hour trading volume of $110,552,817 USD and is down by 0.7% in the last 24 hours. CoinMarketCap ranks it at #41 with a market cap of $4,122,301,461 USD. It has a circulating supply of 521,913,805 NEAR coins and a max supply of 1,000,000 NEAR coins.