Summary of How to Win a Web3 Hackathon
The speaker, YK, discusses his experience of participating in a hackathon and turning his project into a full-fledged company called Merkle Trade.
- YK outlines the focus of Merkle Trade on easy trading, leveraging up to 1,000x, and providing multiple trading pairs including crypto, Forex, metals, and commodities.
- The emphasis is placed on the importance of differentiation in a hackathon project, showcasing why the project is best fit for the ecosystem it is built on.
- YK mentions the challenges faced after the hackathon, such as market conditions and the need to focus on product development before seeking investments.
- The roadmap for Merkle Trade includes a token generation event, web2 onboarding experience, and reinforcing gamified elements.
- YK's top recommendation for hackathon participants is to focus on differentiation and showcasing how the project aligns with the ecosystem it is built on.
Speakers
- YK (Speaker)
- Al (Moderator)
Notable Quotes
— 15:56 — « Ill say the biggest challenge is to get more users and have a unique value proposition that really differentiates from other ecosystems. »
Category
Educational