Stellar Build Challenge Deadline Coming

Stellar Build Challenge occur every three months, and the projects for the ongoing phase should be submitted before March 15, 2018
21 February 2018   1178

The Stellar Build Challenge is an ongoing program to reward innovation and development in the Stellar ecosystem. Stellar Build Challenge occur approximately every three months, and the projects for the ongoing phase should be submitted by March 15, 2018.

Stellar Build Challenge Stellar Build Challenge

Judges will award Lumens per submission as they see fit. Judges aim for announcing winners within two weeks of submissions closing. Submissions for each round should be done at least two weeks prior to judging in order to receive feedback. The users must announce their project on Galactic Talk to get feedback from the Stellar Development Foundation and the Stellar community.

A total of 550,000 lumens will be distributed amongst the winners, as determined a panel of judges.

The applicants should offer the non-traditional uses of the Stellar network, like building libraries, frameworks, and SDKs, wallets with functionality beyond sending and receiving lumens, tutorials involving projects based on the Stellar Network.

Other categories include Ledger Explorers, Exchanges, Remittance Applications, ICOs/Tokens/Assets, Forums, and more.

At the moment of press, these are main market parameters of Stellar:

Average price: $0,405962
Market cap: $7 497 220 935
24h volume: $113 558 000

New Morgan Creek Fund to Exclude Pre-Mined Crypto

Ripple and Lumen won't be included to Morgan Creek Digital Asset Index Fund
28 August 2018   375

Morgan Creek, which manages $ 1.5 billion in assets, launched its own crypto fund, the Morgan Creek Digital Asset Index Fund, but refused to include some large crypto-currencies. This is reported by Forbes.

For example, in the new fund, which was managed by the American company Bitwise Asset Management, such cryptocurrencies as XRP, developed by the Ripple, and Lumen (XLM) of the Stellar project, are not represented, as their release was carried out through the so-called pre-goal.

If there’s a central party that owns 30% or more of supply then we withhold those from the index. Because we think that introduces a lot of additional risk that may not be there if it was a more decentralized network.

Anthony Pompliano
Partner, Morgan Creek Digital 

The index fund includes a set of 10 major cryptocurrencies weighted by market capitalization, which is rebalanced monthly. There are some other requirements, such as the presence of custodial solutions and a restriction on the concentration of trade.

When forming the fund, the risks of centralization of crypto assets were taken into account because of the increased probability of manipulating their prices and possible issues of regulators if such assets were recognized as securities.

We’re fully prepared and feel we’ve built something that institutional investors will find attractive regardless of how the assets are categorized. Whether they’re securities or not.

Anthony Pompliano
Partner, Morgan Creek Digital 

According to the co-founder of Bitwise co-founder Hunter Hosley, the main difference between the Morgan Creek Digital Asset Index Fund and the HOLD 10 fund launched by his company is the availability of the first inspection committee, which included Morgan Creek CEO Mark Yusko, Pompliano and Bitwise Research Department head Matt Hogan.

Hosley said that the decision of the committee to limit cryptocurrencies with pre-currency is caused by two main factors: fears about the opportunities for fraud, which are possessed by large holders of assets, and the doubts of regulators for which a high degree of centralization is an additional basis that allows to recognize crypto currency as a security.

The Morgan Creek Digital Asset Index Fund is already available for institutional and accredited investors. Hosley promised that the fund will be audited by Cohen & Company from this fall, the results of which will be published on an annual basis. The first report will be submitted in early 2019