YoPhone and Bahamut Grants announced a Web3 applications contest with a pool of 20,000 FTN

The messaging service YoPhone, in collaboration with the Bahamut Grants program, has announced a new competition aimed at developers and IT specialists. The total prize pool amounts to 20,000 FTN, with three winners receiving rewards in FTN coins.

The reward for the first place is 10,000 FTN, for the second — 5,000 FTN, for the third — 2,500 FTN. In addition, the organizers noted that prizes will also be awarded to those developers who take positions from fourth to tenth.

To participate in the contest, users must download the YoPhone app and create a WebApp using the YoAI tool, as stated in the release. Projects will be evaluated based on UI/UX design and the number of active users.

As the organizers explained, for a specific application to be admitted to the competition, it must have at least 5000 active users.

Once the project meets this requirement, the developer can submit it for approval. If the application is approved and wins, the reward in FTN will be credited directly to the Fastex wallet of the creator.

This competition is a great way for developers to showcase their creativity and professionalism, as well as get a chance to win their share of the prize pool of 20,000 FTN, the organizers believe.

Note that YoPhone is a messaging app with end-to-end encryption for messaging and calls. The Bahamut Grants program, in turn, was launched by the Bahamut Foundation in December 2023 and aims to support the Fastex ecosystem.