ARK.io Introduces 1 Million ARK Incentive Program for Technology Development

ARK.io Introduces 1 Million ARK Incentive Program for Technology Development

March 27, 2020

ARK.io has launched a new replacement for its current ‘Tier 0’ program, part of a GitHub campaign released last year as a way of rewarding participants who complete specific tasks.  

The new incentive, ARK Grants, is an initiative to help push boundaries and expand ARK’s ecosystem through advanced technology development. With 1 million ARK tokens vested into the program from its Shield development fund, developers from around the world are encouraged to apply by sending in technical proposals regarding ARK. 

Applicable Project Types 

Developers can explore any of the four applicable project types listed:

Technologies & Frameworks

Following the acceptance of a proposal, the Developer is required to step in line with ARK’s preferences when developing the projects. Technology considerations which are not within the ARK team scope of preference must first pass through the team’s approval. 

List of preferences includes 

Guideline for submission 

Applicants are required to submit personal information along with project description which will include the framework and general architecture of their project. Also, milestones should be provided as an insight into the various stages of development, highlighting the developer’s effort through different phases. Two fixed milestones must be attached at the end as reference points for documentation and final review. 

All submitted applications that meet all criteria and guidelines will be considered for the Grant after thorough assessment and evaluation by the ARK team. Following the selection of a project, the approved grant will be paid out in two segments, of which 70% is divided between the project milestones, and the remaining balance is issued upon completion of the final review milestone.

Keep Earning 

The 1 million ARK Grant program is an initiative of France-based ARK.io, which is registered as ARK ECOSYSTEM, SCIC.

However opportunities to earn ARK are not restricted to the grants, with more inclusive ways to earn ARK tokens. One is contests and competitions (with one coming up soon) designed for both technical experts and novices to participate. Also, ARK’s thriving community can tap into the ARK Community Fund. The community-backed fund is a first of its kind and covers sponsorship programs and other forward-thinking initiatives. The ARKCommunity.Fund is community-led and independent of ARK.io.

In addition, ARK will unveil a Bounty and Security Reward Program to incentivize members who track and report network bugs on its GitHub platform. Another way to earn is through Forging Delegate Node, a modified Delegated Proof of Stake (DPoS) consensus model. Interested individuals can forge ARK to help secure the network and contribute towards development. New delegates can earn forging positions by campaigning for community votes

Learn more about the Grant at https://ark.io/grants. For Delegation, visit the website’s delegate page and meet other delegators on Slack.ARK.io #delegate channel.

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