https://neonewstoday.com/events/kekkai-chainrewardz-and-fuo-win-awards-at-tokyo-gas-station/

Kekkai, Chainrewardz, and FUO were recipients of awards at the first stop on Neo’s APAC Hackathon tour. The in-person event, called a GAS Station, took place in Tokyo on July 22 and 23, offering panel discussions and hacking sessions. The winners were awarded token prizes, and two of the teams also received invitations and travel grants to participate in the tour’s final event taking place in Hong Kong in October.

Kekkai

Kekkai is an established Web3 security firm that enables users to simulate transactions before executing them in order to detect potential fraud, such as phishing attacks. For the Tokyo hackathon, the team built Kekkai Scan, a block explorer that analyzes smart contract functions to assess their security. 

Kekkai is a collaborative cross-border team, with founder and CEO Danny Duma located in Tokyo, Japan, and lead engineer Regison, front-end engineer Amagi, and AI engineer Aidan Lew all hailing from Shenzhen, China. With Danny and Regison having worked together for over a decade, and the others joining through connections at conferences and universities, the team’s vision is clear. According to Danny, “We want every user and developer to understand the security and vulnerabilities of the smart contracts.”

Kekkai supports dozens of blockchains outside of Neo with its browser plugin security software. At the hackathon, the team integrated support for an experimental Neo blockchain running the EVM, with plans to work on the NeoVM version as a next step. 

Kekkai received an Excellence Award, an AWS Choice Award, and a Travel Award, for a total of US $11,000 in prizes and travel grants.

Neo Global Development recognized Kekkai’s efforts in its July 2023 monthly report. “Kekkai stood out with an innovative approach to Web3 security that uses a transaction simulator to safeguard users against phishing attacks.”

Chainrewardz

Chainrewardz is developing an onchain no-code rewards redemption platform that will allow any project to connect with its users via incentive programs. Chainrewardz streamlines the processes involved by managing reward content, redemption, and payment, and claims to have over 2 million hotels integrated for its alpha test release.

At the Tokyo GAS Station, Chainrewardz received an Excellence Award, an AWS Choice Award, and a Travel Award, for a total of $11,000 in prizes and travel grants. According to NGD’s July monthly report, “Chainrewardz received well-deserved acclaim for its ingenious rewards system design.”

A project roadmap available on the Chainrewardz website indicates the team plans a public beta release in September, as well as an API and SDK release in November.

FUO

FUO was the recipient of an Alibaba Cloud Choice Award at the Tokyo GAS Station, and was rewarded $1,000.

NGD wrote, “FUO showcased a groundbreaking SocialFi concept, integrating marketing promotions and NFTs by partnering with renowned NFT artists and IP from Japan’s vibrant fan economy.”

The Neo APAC Hackathon

The Neo APAC Hackathon is an initiative designed to foster Web3 growth in the Asia-Pacific region. Running from July to October 2023, this event offers over $1,100,000 in prizes and grant funding. With virtual sessions, on-the-ground “GAS Stations” across five major cities, and a grand finale in Hong Kong, the Hackathon seeks to attract innovative Web3 startups to the Neo ecosystem.

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https://neonewstoday.com/defi/flamingo-restores-cross-chain-functionality-after-two-month-hiatus-following-poly-network-attack/

Flamingo Finance has restored its cross-chain functionality after a two-month interruption. This service disruption stemmed from a security breach on Poly Network, the cross-chain protocol Flamingo uses.

On July 2, there was an attack on Poly Network, the cross-chain bridge Flamingo utilizes for cross-chain transactions such as wrapping and unwrapping assets from one blockchain to another. Flamingo was able to quickly determine that the attack neither impacted the Neo network nor any assets housed on Flamingo. However, the cross-chain services were momentarily paused by Poly Network, leading to a similar suspension on Flamingo.

During the period stretching from July 2 to Sep. 6, Flamingo users were unable to execute cross-chain asset transactions. Sep. 6 witnessed the resumption of Flamingo’s cross-chain functions for the Ethereum network, while service for Binance’s BNB Smart Chain was restored on Sep. 11. Cross-chain functionality for the Ontology network is still suspended, after being brought back online prematurely on Sep. 6.

Flamingo expressed appreciation for the community’s patience and understanding during the hiatus. The team also reiterated its commitment to user security, stating in a Medium post, “Although it took some time, we are delighted that none of our users’ assets on Flamingo were affected by the attack and are incredibly grateful to be built on one of the only blockchains that have never been attacked, Neo N3. Safety and security will forever be our number one priority.”

Flamingo also indicated that the attack has the team reevaluating plans to expand cross-chain functionality to other systems via Poly Network. In a conversation with NNT on Discord, Adrian Fjellberg, a lead maintainer of Flamingo Finance, wrote, “We were considering adding other assets on Ethereum and BNB chain but after the incident we need to take a more holistic look at how we solve cross chain instead of doubling down with one cross chain solution/provider.”

According Fjellberg, the team is considering THORChain as an alternative. Investigations into the technical details and feasibility are in the early stages, but the team believes integration would require THORChain to add NeoVM support, and would welcome help from the broader Neo community to make this happen. Fjellberg wrote, “If anyone in the Neo community (preferably developers) is interested in teaming up to make that happen, we encourage them to please reach out to the Flamingo team.” Anyone interested can connect with the Flamingo team via their Discord.

The full announcement from Flamingo is available at the link below:
https://medium.com/flamingo-finance/the-bridge-is-back-on-flamingo-finance-205eff8bf4d6

The post Flamingo Restores Cross-chain Functionality After Two-Month Hiatus Following Poly Network Attack appeared first on Neo News Today.

https://neonewstoday.com/meme/flamingo-finance-now-sponsoring-meme2earn-contests/

Flamingo Finance, the DeFi platform built on Neo N3, has been named a sponsor of Meme2Earn’s Meme of the Day contests. Flamingo Finance will sponsor Wednesdays, joining long-term sponsors Ghostmarket (Fridays) and nDapp.org (Tuesdays), as well as more recently named sponsor Xatoxi (Mondays).

Meme2Earn launched in May 2022 and was initially designed for meme creators and consumers, with a plan to expand service offerings for advertising other projects.

On the platform, users submit meme content and receive NEP-17 TIPS tokens when their posts are upvoted by other users. Likewise, users can spend TIPS to downvote meme content submissions. A portion of any TIPS used to upvote or downvote content is burnt, and a portion goes into the single-sided staking Boomer Fund.

In Nov. 2022, the team began hosting Meme of the Day campaigns to incentivize community members to engage. Daily contests are themed, and announced on meme2earn.com. Six days per week, five winners are selected to each be rewarded with US $14 in crypto, equating to $420 in prizes each week. To date, Meme2Earn has distributed over $12,000 to Meme of the Day contestants.

The full sponsorship announcement, including instructions for entering Meme of the Day contests, can be found at the link below:
https://medium.com/meme2earn/meme2earn-announces-new-meme-of-the-day-sponsor-flamingo-finance-d91cf6cc4d0f

The post Flamingo Finance now sponsoring Meme2Earn contests appeared first on Neo News Today.

https://neonewstoday.com/defi/upcoming-meme2earn-contest-to-feature-flamingo-finance-equivalent-of-us-1500-in-rewards/

Meme2Earn is giving away US $1,500 in FLM and TIPS as part of an upcoming meme contest featuring Flamingo Finance. The contest runs from 10 a.m. (UTC) Thursday, July 20, through 10 a.m. Thursday, Aug. 3. A bonus airdrop of 1 trillion TIPS will be distributed amongst qualifying account holders.

To participate, users must create or already have a Meme2Earn account. Contestants can enter as many memes as they’d like, which should somehow relate to Flamingo Finance, the DeFi platform built on the Neo N3 blockchain. Once a meme has been uploaded to the Meme2Earn site, participants need to tweet a link to the meme using the following template. 

Look at this #meme I created for the @meme2earn_com x @flamingofinance contest where there’s $1,500 in prizes! Check out my meme here:

#contest #giveaway #MemeArmy $TIPS $FLM #Flamingo $NEO #crypto #memes #memecontest

The top 50 submissions will share from a reward pool of $1,000 in FLM and $500 in TIPS. The top six places will be determined by the number of Twitter followers the contestant has, how many upvotes the meme receives, and judgments by the Flamingo and Meme2Earn teams. Places 7-50 will be determined purely by upvotes. Rewards will be distributed according to the following:

• 1st place: $300
• 2nd place: $150
• 3rd place: $50
• 4th place: $50
• 5th place: $40
• 6th place: $30
• 7th-50th place: $20

Participants who hold a Hired Gun or OG NFT from Meme2Earn will receive multipliers on meme upvotes. Hired Gun NFT holders will earn 1.15x upvotes, and OG NFT holders will earn 1.3x upvotes. NFTs cannot be stacked in order to multiply the multipliers.

Finally, all account holders who complete at least one active task on the Meme2Earn site and claim TIPS at least once between July 20 and July 27 will share equally in an airdrop of 1 trillion TIPS, distributed on Thursday, July 27.

The full announcement can be found at the link below:
https://medium.com/meme2earn/earn-1-500-in-prizes-in-the-flamingo-finance-meme-contest-on-meme2earn-plus-1-trillion-tips-a4f6263bb7c9

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