Alephium announces a video creation contest with 10,000 ALPH in prizes

Alephium announces a video creation contest with 10,000 ALPH in prizes

By Benson Toti - 3 min read
  • The contest seeks to unveil “compelling introductory videos” free of tech jargon, but which highlight Alephium’s value proposition.

Alephium, a high-performance and scalable blockchain that was the first to implement native shard transactions, has announced a video creation contest as it seeks to “attract and engage new users.”

Creators will compete to earn from a prize pool of 10,000 ALPH, the Swiss-based blockchain platform said in an announcement shared with CoinJournal on Thursday.

An accessible gateway to Alephium

One of the barriers to greater adoption of crypto and the underlying blockchain technology is the “complex” nature of the concepts to new users.

In most cases, it’s the less tech-savvy that find it hard to wrap their heads around some features and functionalities. Alephium’s novel Proof-of-Work mechanism, ETH-inspired smart contracts and UTXO model could be such hurdles.

Cheng Wang, the co-founder of Alephium said:

We need something that can serve as an accessible gateway for new users, we need great introduction videos. Our community members have amazed us with their content creation skills to date, so I’m confident this video creation contest will help us gather creative videos that best describes Alephium.”

Videos should be tech-jargon free

The easy-to-understand video will cover all the basic introductory topics as articulated in “Welcome to Alephium,” the team said in their press announcement.

Participants will be expected to create a five-minute or less video. The community can do the video in any language. They also have creative license to use cartoons, 3D animations, and voiceovers with premium slides.

However, the content should be free of tech jargon and should include links to whitepapers, Github and social media channels, whitepapers.

How to submit the Alephium video

The contest will run until 15 April 2022, with all legible video entries submitted by 23:59 CET on the said date. Contestants will need to upload their videos on YouTube or Vimeo, with tags #Alephium and #ALPH.  

Once done, creators should submit a link to the video and their email address using the contest’s official submission link.

Interested users are encouraged to familiarise themselves with contest guidelines, or contact the team via Discord, Telegram, and Reddit.

Alephium’s mainnet went live in November 2021 and offers a highly efficient blockchain infrastructure environment for decentralised applications (dApps) and decentralised finance (DeFi) protocols. 

ALPH has traded 7.5% higher in the past 24 hours, with the ALPH/USDT pair hitting highs of $0.25 in early deals. The coin’s all-time high is $1.19 reached on 20 January 2022.

Bancor gaining steadily: best places to buy Bancor

By Daniela Kirova - min read

Bancor has been gaining steadily since a recent eToro listing. At the time of writing, its price is $2.30 with a 24-hour trading volume of $21.4 million. The token has added almost 4% to its value in the last 24 hours.

Look no further than this short article to find out what Bancor is, if it’s worth buying, and the best places to buy Bancor now.

Top places to buy Bancor now

What is Bancor?

Bancor is described as only decentralized staking protocol that lets users generate income with full protection from impermanent loss and single-token exposure. It was created in 2017, making it the first DeFi protocol in history.

Deposits earn millions in fees per month from Bancor. It offers as much as 60% APR on ether, Wrapped Bitcoin, AAVE, LINK, MATIC, and more. Bancor is owned by its community as Bancor DAO.

The ecosystem’s token BNT lets traders provide liquidity for the pools available on the network. Liquidity can be provided by anyone.

Liquidity providers may receive fees for trades that pass through any pool they have contributed to. They get pool tokens that represent their share of fees, liquidity, and mining rewards in the pool.

Should I buy Bancor today?

Bancor’s BNT can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt.

Bancor price prediction

CryptoNewsz is moderately bullish on Bancor. According to them, the highest BNT can go to this year is $3 provided that investor confidence keeps growing. In 2023, it can achieve a price of $3.55.

Considering the technological innovations Bancor has planned in 2024, its price may reach $3.77 that year.

In 2025, Bancor’s community initiatives focusing on outreach, education, and innovations can bring the price up to $3.70. The analysts consider this the bare minimum. The maximum price the token can achieve is $4.69.  

Bancor on social media