Israeli VC Fund Offers $50k Bounty for Cost-Cutting AppCoin
Updated with comment from Oona Rokyta, chief purpose igniter for Aleph. Tel Aviv-based venture capital fund Aleph has announced the first of a series of $50,000 bounties aimed at spurring activity among developers and entrepreneurs in Israel's bitcoin space. The fund is calling for the development of a bitcoin block chain-ready system that reduces transaction costs for an 'appcoin' to be used in conjunction with Aleph's entrepreneur-focused social platform project, Karma. The finalist will receive a $50,000 convertible note reward. Appcoins are defined as "protocols with a currency or....
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