Proponent:OneBlock+ 12BJTP99gUerdvBhPobiTvrWwRaj1i5eFHN9qx51JWgrBtmv

Requested Allocation: 134,899 DOT

OneBlock, in collaboration with Parity Asia, successfully organized, operated and promoted the 6 Hackathon competitions: [the Spring 2021 Shanghai](https://polkadot.polkassembly.io/motion/52.), [the Summer 2021 Hangzhou](https://polkadot.polkassembly.io/treasury/62), [the Summer 2022 Hangzhou](https://polkadot.polkassembly.io/treasury/110), [the Winter 2022 Chengdu](https://polkadot.polkassembly.io/motion/302), [the 2023 Shanghai](https://polkadot.polkassembly.io/referenda/36),and  [the 2023 HongKong](https://polkadot.polkassembly.io/referenda/185)**with over 300 teams and 1000+ developers signing up to participate.**

Each competition has seen a growing number of participating projects, It can be seen that the Hackathon hosted by the OneBlock+ community continues to be popular among developers, and the popularity and popularity of the Polkadot Hackathon reached a leap in 2023.

With all the operational experience and marketing success on the Polkadot Hackathon, **OneBlock proposes to continue the Polkadot Hackathon program in July 2024 to Nov 2024**, an essential part of the Substrate and Polkadot promotion and adoption initiatives in APAC,to promote Substrate as an open-source framework for developers and convert the Substrate learners from OneBlock’s ongoing Substrate courses to Substrate builders. Our goal is to encourage teams of developers to create projects and join the Polkadot ecosystem for long-term involvement. 

Additionally, Oneblock+ hopes to bring the Polkadot hackathon to Singapore and Bangkok in the second half of 2024, which will not only perfectly align with the **token2049 conference in September and the Devcon conference in November**, but also consolidate our efforts over the past year to continuously attract developers from all over Asia to build on Polkadot.We funds are used to host, prize,organize the 2024 Polkadot Hackathon in Singapore and Bangkok,and the operating cost is 30% of the total cost, and 70% fees is distributed to the winning team as rewards.

I would like to further explain the cost structure of our proposal. Although the total proposal amount of our hackathon is indeed higher than the others hackathon proposal, this is mainly because we use 70% of the proposal funds to reward the winning teams to encourage more high-quality teams to participate.

Our goal is not only to educate new developers, but also to motivate them to develop high-quality applications and solutions on the Polkadot network through high bonuses. We believe that this approach will not only bring more innovation, but also promote the long-term development of the Polkadot ecosystem.

Please review our[ proposal](https://docs.google.com/document/d/1y2rxN-I-xjTEY1d5kaNxqIN-jgykPBJxmHcNv43hfxY/edit?usp=sharing) here and cast your vote!


- **Problem Statement:** Difficulty in opening XCM channels between Polkadot parachains due to the need for DOT deposits, hindering DeFi accessibility and use case development.
- **Significance:** Limited XCM channels on OG chains and delays in token availability on DEX highlight the need for more efficient channel opening processes.
- **Proposed Solution:** Deposit 2261 DOT into non-DeFi parachains' Child accounts to facilitate opening XCM channels, enhancing DeFi accessibility and increasing XCM traffic.
- **Expected Outcomes:** Accelerated opening of XCM channels, improved DeFi access, increased XCM traffic, and reduced technical barriers for cross-chain integration and use case development.

#897 2024 Polkadot Hackathons (September 2024 in Singapore and November 2024 in Bangkok)

No Active Proposals