SX #27 - The SX Grants Program
SX Network hits 2.5m blocks and 1,000 transactions since inception
💰 The SX Grants Program is introduced
SX Network announced the SX Community Grants program on Thursday. The grants program gives community members who want to build products, create content, and innovate new ideas within the SX Network ecosystem a chance to earn $SX for doing so. SX Network is offering up to $100,000 in grants to teams building projects on SX Network and SX.Bet. There are also grants available for content creators.
Projects are the lifeblood of SX Network. The more projects on SX Network, the more users on SX Network, which in turn, brings even more projects. This is the critical flywheel effect that needs to be achieved in order to create long-lasting network effects. Increases in economic activity also increase the value captured by the SX token, which should increase the price. The higher the token price, the more secure the network. Increased security makes SX even more attractive for users and developers alike, accelerating the flywheel further.
⛓️ SX Network hits 2,500,000 blocks produced
SX Network hit a milestone when the 2,500,000th block was produced successfully. The network has been handling very well since it went live in March, with the average block time of 2 seconds hitting pre-launch targets.
The official token bridge to SX Network isn’t live… but will be incredibly soon 👀. Still, there are increasing signs of life on SX Network with the number of wallet addresses and transactions accelerating over the last few weeks. A variety of projects are now in the the final stages of production testing. With the official Celer Bridge, SharkSwap, and SX.Bet getting closer to launch, things are about to heat up on SX Network.
🤖 Generate your own API keys on SX.Bet
One recent new feature on SX.Bet we wanted to highlight is the new section on the Overview tab of the Account page which allows you to generate your own API keys. Traders looking to provide liquidity and offer bets on SX.Bet can use this to programmatically access SX.Bet.
This is also highly useful for developers looking to build their own projects using SX.Bet. Check out the new SX Grants program to earn SX while doing so!
About SX Network
SX Network will be the first public blockchain to combine a smart contract platform with an on-chain community treasury and a native prediction market protocol. SX Network consists of three core platforms:
SX.Bet — The largest blockchain prediction market site that has facilitated $175M in trades on sports, politics and crypto markets.
SX Protocol — A smart contract primitive that powers SX.bet and has accrued over $2.5M in fees for the SX Network treasury.
SX Blockchain — The first layer two blockchain built on top of and in partnership with Polygon, that is focused on scaling betting, DeFi and NFT applications.
SX Network is a stand-alone smart contract blockchain built on Polygon Edge. It is designed from the ground up for blockchain application developers with EVM-compatibility, low-cost transactions, and a PoS-based consensus model.