API3 ETHDenver 2022 Bounties
Channel: API3
Date: 11/02/2022

API3 is offering a total bounty of approximately $25k USD equivalent value in API3 tokens for submissions that access real-world data using API3 technology. The total bounty pool of $25k will be split 50/50 between the ETHDenver in-person and virtual events. Participation in these challenges, bounty award calculation and eligibility are all expressly subject to the Terms and Conditions provided below.

API3 is setting four challenges and the winners of each challenge will be awarded bounties as presented below. 

Bounty challenges: $25k USD equivalent total

Challenge 1: $10k total. The masses against the classes 
Project that is judged most likely to attract the largest user adoption or show greatest commercial viability. 
$10k total bounty split into 2x $5k for each of the in-person and virtual events.

Challenge 2: $5k total. Unchartered waters 
Project that is judged to forge new frontiers in the DeFi landscape. DeFi has evolved from the well-trodden paths, such as over-collateralized lending platforms, into new use cases such as identity, NFTs and more. Show us how you can embrace new DeFi trends.   
$5k total bounty split into 2x $2.5k for each of the in-person and virtual events.

Challenge 3: $5k total. Say what!  
Project that is judged to be the most surprising use of API3 tech. We’ll be impressed with projects that unexpectedly break the mold or break our brain!
$5k total bounty split into 2x $2.5k for each of the in-person and virtual events.

Challenge 4: $5k total. Knock our socks off. 
Judges' choice award. 
$5k total bounty split into 2x $2.5k for each of the in-person and virtual events.

Terms and Conditions:
Submissions must use API3 technology to be eligible “Submissions” for API3 bounties, and each member of a submitting team must (i) be at least 18 years old, (ii) not be a citizen or resident of a jurisdiction that is sanctioned (nor personally sanctioned) by OFAC or the United Nations.
Submissions may be eligible for more than one bounty.
API3 and each applicable challenge’s judges reserve the right to not issue a bounty for any challenge with inadequate or insufficient (whether in quality, quantity, or otherwise, at such judges’ sole discretion) submissions. Such bounties may be directed to other challenges, at the judges' sole discretion.
API3 will nominate the judges for these bounties. No decision by the judges may be subject to any appeal or review.
All bounties will be paid in approximate USD equivalent value in API3 tokens, as calculated by API3 in its sole discretion according to the general market price of API3 tokens on the day of final Submissions of the in-person ETHDenver event. 
Bounties will be paid by API3 or its designee within 14 days after each award ceremony on provision of an unambiguous Ethereum address supplied in writing by each winning team. API3 and any designee has no obligation to check the validity or accuracy of any address provided in writing.
Each person or entity entering a Submission shall defend, indemnify, and hold harmless API3 and its designees, directors, advisors and contractors from any claim, action, or liability arising from or relating to such Submission and from any violation of these Terms and Conditions.