Contest: Ethereum↔FreeTON Bridge NFT

NFT Sub-Governance Proposals
#1

Contest dates

  • Submissions: 01.08.2021 - 15.09.2021 23:59 UTC
  • Voting: 15 days

Motivation

The bridge between TON and Ethereum will allow NFTs to be freely moved from one blockchain to another, this will open up the opportunity for NFT Ethereum owners to create True NFT during migration, which will not disappear at any time for reasons beyond their control, and will open a new market for NFT TON owners.

General requirements

Submission should include:

  • Etherium to Free TON migration - Transfer all information in NFT ethereum to True NFT on Free TON, including uploading media from outside storage into a Free TON media-storage contract
  • Fake to True - Creation of True NFT using on-chain NFT technology on the Free TON blockchain during migration
  • Backward representation of True NFT on Ethereum (Certificate) - Creation of a certificate of ownership inside Ethereum, which will allow to get ownership over True NFT when passing back the Bridge
  • For all NFTs transferred from one Ethereum smart contract, must be created True NFT in one collection
  • Guide describing how bridge works
  • Open source

Interaction with the bridge

Evaluation criteria

  • User-friendly design
  • Easy to use

Rewards

Only submissions that receive average score 6 and above will get prizes for participation.

1st prize……………………………………………… 100.000 TON

2nd prize………………………………,……………. 75.000TON

3rd prize……………………………………………… 50.000TON

4th prize……………………………………………… 40.000TON

5th prize……………………………………………… 30.000TON

Voting

  • The juror must have a solid understanding of the described subject in order to provide a score and feedback. If not, the juror should choose to “Abstain”.
  • Jurors or whose team(s) intend to participate in this contest by providing submissions lose their right to vote in this contest.
  • Each juror will vote by rating each submission on a scale of 1 to 10 or can choose to reject it if it does not meet requirements or vote “Abstain” if they feel unqualified to judge.
  • Jurors must provide feedback on submissions or lose their reward.
  • The Jury will reject duplicate, sub-par, incomplete, or inappropriate submissions.

Jury rewards

An amount equal to 10% of the total of all total tokens awarded to contest winners will be distributed among jurors who vote and provide feedback. This percentage will be awarded on the following basis:

  • The percentage of tokens awarded to the jury will be distributed based on the number of votes each juror casts. For example, if one juror votes 20 times and another juror votes 5 times, the juror who votes 20 times will get 4 times more tokens than the juror who votes 5 times.
  • Feedback is mandatory in order to collect any rewards.

Procedural remarks

  • Participants must upload their work correctly so it can be viewed and accessible in the formats described. If work is inaccessible or does not fit the criteria described, the submission may be rejected by jurors.
  • Participants must submit their work before the closing of the filing of applications. If not submitted on time, the submission will not count.

Governance rewards

An amount equal to 3 % of the prize fund will be allocated to members who participated in organizing the contest, to be distributed equally among them:

@Bulbash666
@prigolovko

4 Likes
#2

I think there need a vesting period as must(

#3

I support this proposal!
Is 100k for the first place an adequate price?)