Nakamoto’s Den: Types of battles
Introduction
Apart from all of the exciting topics that are going to be discussed in this important blockchain event and were already covered in the previous articles, there is another aspect that makes Nakamoto’s Den a really special conference, and it consists in the fact that there are going to be several blockchain projects battling with each other, in order to gain the support of the investors that are going to be there in the conference.
The goal of doing these battles is to encourage the projects to reach excellence and develop their ideas in the best possible way. It should be noticed that gaining the support of the investors could be life changing for the owners of the project, so it is to be expected they will present their work as professionally as possible.
Types of battles
Given the fact the development of a project has different stages, and each one of these stages is very demanding and challenging, there will be 2 different battles where projects whose progression is in a very similar level.
Digital Startup Battle
In this battle, there will be 8 different blockchain projects that already managed to received sufficient funds to develop a “Minimum Viable Product (MVP)”.
A minimum viable product (MVP) is a development technique in which a new product or website is developed with sufficient features to satisfy early adopters. The final, complete set of features is only designed and developed after considering feedback from the product's initial users. Source
Having a MVP means the projects are very likely to have a fair amount of success in the market, and in order to decide which one is the winner, they will all be asked all sorts of questions about their project, while the audience hears them and evaluate them.
It is clear that the members of each project will have to be extremely well prepared so they can properly answer each of the questions that will be asked. Once the 2 best projects are chosen, there will be a final battle where they will have to answer questions from both the official judges of this competition, and also from the members of the audience, in the end, the winner is going to be decided by the official judges. The dynamics should be very interesting for every person that decides to attend these battles, and I am certainly looking forward to this Wednesday to know which project ends up winning.
Post-ICO Battle
In this battle, the projects were already able to run a successful ICO campaign, and are currently looking for new investors to continue forward with the development and expansion of their project. Having a successful ICO campaign means these projects have some market recognition and are probably well known in the blockchain scene.
Just as with the first type of battle, in this one there will be 8 different projects and the dynamics are also the same, each project will be questioned and they will have to answer each and every single question, depending on their answers the members of the audience will vote on their favorite projects through an application in their smartphone or tablet.
One difference between this battle and the Digital Startup Battle, is that instead of having 2 finalists, in this case there are going to be 3 of them, and the winner won’t be decided by the judges but by the audience’s votes that are going to be cast through the already mentioned application.
The winners of these battles will surely gain a lot of recognition, and this will make it easier for them to continue with their project, this type of support is very important especially in the difficult times such as this one with a never-ending bear market.
More information about this event can be found in the following links:
Website: https://nakamotosden.com/
Buy Tickets: https://nakamotosden.com/#tickets
Free Tickets: https://nakamotosden.com/free-tickets/
DISCLAIMER
The information contained within this post shall not be taken as a financial advice. I am not a financial advisor and none of your investment decisions should be carried out based on any information presented here. You can lose all of your money by investing. The information presented in this article is for educational and entertainment purposes only.