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As we approach the @encodeclub Spark University Hackathon final, I wanted to case-study one of our judges' (Anton Bukov - @k06a) and @1inch. For me, they are the best example of how hackathons can uncover amazing startups and why investors should scout hacks more.
For those who don't know, 1inch are killing it. They just raised another $2.7m from the likes of @BinanceLabs ( @ellazhang516) , Libertus ( @gelenbe), @dragonfly_cap ( @hosseeb), @LAUNCHub https://medium.com/@1inch.exchange/1inch-secures-2-8-mln-in-funding-from-top-investors-1b2e911cb602
Between them, the 1inch team has competed in over 15 hackathons, the first I can see in crypto was @ETHBerlin in Sept 2018. Practically every month they would go to the biggest hackathon and compete. Here are their wins:
In Dec 2018, they competed at @ethsingapore by @ETHGlobal, Anton and Sergej ( @deacix). They built 'DepoSet' which allows users to buy/sell TokenSets for ETH in a single transaction. They won prizes from @Makerdao @setprotocol and @kyber. https://devpost.com/software/deposet
At @ETHCapeTown in April 2019 they won prizes from @ensdomains and @raiden_network with Nutube - a 'proof-of-stream' payment system https://devpost.com/software/nutube
At @ETHNewYork in May 2019, after discussions with @VitalikButerin, @liamihorne and @haydenzadams, they brought 1inch to the world (using @TorusLabs). Here is the first version! https://devpost.com/software/1inch-exchange
They also won at the Decentralised Web Hackathon in June 2019 and the @KyberNetwork Defi Hackathon in September 2019. https://devpost.com/software/multi-kyber-swap
ETH Berlin, @ETHSanFrancisco , @T_Labs , @ETHParis , ETH Berlin again and Torus 4 Everyone were all hackathons where they won *nothing*.
It's not just about the wins, it's about the hustle
It's not just about the wins, it's about the hustle
Hackathons are an awesome way to get attention, users and investors. Play the % game, do every event going and grind your way to success 
Goes without saying the awesome work by @TheRealKartik with @ETHGlobal and @notscottmoore with @gitcoin to put on so many hacks is
Goes without saying the awesome work by @TheRealKartik with @ETHGlobal and @notscottmoore with @gitcoin to put on so many hacks is
For investors, this goes to show that there may be more 1inch's out there if you look carefully. We at @encodeclub are curating a community of hackers and developers, personally inviting the best performers to our ecosystem.
Come see our latest finalists https://medium.com/encode-club/spark-university-blockchain-hackathon-the-finalists-6c3e988e68a
Come see our latest finalists https://medium.com/encode-club/spark-university-blockchain-hackathon-the-finalists-6c3e988e68a
