Event Finished: Winners Announced!
Place User Payout Platform Link
1 autinf 17 USD Steemit Submission
2 truelovemom 17 USD Steemit Submission
3 Blessedben 17 USD Steemit Submission
4 focusnow 17 USD Steemit Submission
5 rosiger1 17 USD Steemit Submission
6 mrrpiusz 17 USD Steemit Submission
7 godwinzzyzx 14 USD Steemit Submission
8 Mauyon 14 USD Steemit Submission
9 ced000 14 USD Steemit Submission
10 dasola 14 USD Steemit Submission
11 deyvich 14 USD Steemit Submission
12 maeugenia 14 USD Steemit Submission
13 crypto-wisdom 14 USD Steemit Submission
14 mirzantorres 14 USD Steemit Submission
15 roronoa07 14 USD Steemit Submission
16 bharathi22 11.5 USD Steemit Submission
17 ronarexx 11.5 USD Steemit Submission
18 neiraurdaneta 11.5 USD Steemit Submission
19 whitestallion 11.5 USD Steemit Submission
20 bob-elr 11.5 USD Steemit Submission
21 groynes 11.5 USD Steemit Submission
22 milaan 11.5 USD Steemit Submission
23 ulqu3 11.5 USD Steemit Submission
24 donnest 11.5 USD Steemit Submission
25 Phinix 11.5 USD Steemit Submission
26 nakkal 11.305 USD YouTube Submission
27 jadams2k18 9 USD Steemit Submission
28 joelsegovia 9 USD Steemit Submission
29 josevas217 9 USD Steemit Submission
30 miyexi 9 USD Steemit Submission
31 Otto11 9 USD Steemit Submission
32 saun 9 USD Steemit Submission
33 tonyryce95 9 USD Steemit Submission
34 chekohler 9 USD Steemit Submission
35 syllem 9 USD Steemit Submission
36 whizzydom 9 USD Steemit Submission
37 alokkumar121 9 USD Steemit Submission
38 divine-sound 9 USD Steemit Submission
39 drishtipoonam 9 USD Steemit Submission
40 hellium 9 USD YouTube Submission
41 Wilmer1988 8 USD Steemit Submission
42 praditya27 8 USD Steemit Submission
43 Apyman 8 USD Steemit Submission
44 inieson 8 USD Steemit Submission
45 Simplekay 8 USD Steemit Submission
46 dewriter 8 USD Steemit Submission
47 sarez 8 USD Steemit Submission
48 zoide 8 USD Steemit Submission
49 ajks143 8 USD Steemit Submission
50 leonelys 8 USD Steemit Submission
51 rakwa 8 USD Steemit Submission
52 thetimetravelerz 8 USD Steemit Submission
53 ifeoluwa88 8 USD Steemit Submission
54 brandonk 8 USD YouTube Submission
55 talented-fingers 7 USD YouTube Submission
56 linnbenton 6.196 USD Twitter Submission
57 dannodaniel 6.13 USD Twitter Submission
58 jadams2k18 6.066 USD YouTube Submission
59 belemo 6 USD Steemit Submission
60 joseangelvs 6 USD Steemit Submission
61 ozurumba 6 USD Steemit Submission
62 Aduragbemi 6 USD Steemit Submission
63 oxygen02 6 USD Steemit Submission
64 anouk.nox 6 USD Steemit Submission
65 daniel3050 6 USD Steemit Submission
66 jhosepdelgado 6 USD Steemit Submission
67 juanmolina 6 USD Steemit Submission
68 rosaimm 6 USD Steemit Submission
69 clockworkpriya 6 USD Steemit Submission
70 mistakili 6 USD Steemit Submission
71 nawmi 6 USD Steemit Submission
72 sahiba-rana 6 USD Steemit Submission
73 valchiz 6 USD Steemit Submission
74 dannodaniel 6 USD Steemit Submission
75 talented-fingers 6 USD Steemit Submission
76 jaybhe 6 USD Steemit Submission
77 lavanyalakshman 6 USD YouTube Submission
78 godwinzzyzx 6 USD YouTube Submission
79 praditya27 6 USD YouTube Submission
80 Blessedben 6 USD YouTube Submission
81 sahiba-rana 6 USD YouTube Submission
82 bharathi22 6 USD YouTube Submission
83 drishtipoonam 6 USD YouTube Submission
84 Emem_evans1 6 USD YouTube Submission
85 clockworkpriya 6 USD YouTube Submission
86 bob-elr 6 USD YouTube Submission
87 african1 6 USD YouTube Submission
88 saun 6 USD YouTube Submission
89 kwadjobonsu 5.472 USD Instagram Submission
90 kwadjobonsu 5.189 USD Twitter Submission
91 nakkal 5.105 USD Instagram Submission
92 paragismb 5 USD Steemit Submission
93 vanddy 5 USD Steemit Submission
94 artandmusic 5 USD Steemit Submission
95 xyzashu 5 USD Steemit Submission
96 maparari 5 USD Steemit Submission
97 Diana 5 USD Steemit Submission
98 Kigigha 5 USD Steemit Submission
99 brandonk 5 USD Steemit Submission
100 vanddy 5 USD YouTube Submission
101 ozurumba 5 USD YouTube Submission
102 tonyryce95 5 USD YouTube Submission
103 masud1 5 USD YouTube Submission
104 rayhankhan 5 USD YouTube Submission
105 maparari 5 USD YouTube Submission
ProximaX
Prize Pool: 1,300 USD

Accepted Media:


ProximaX.io - Build Anything!

End Date: Oct. 2, 2019, midnight

Event Type: Writing Contest + Bounty

CONTEST RULES [Getting Started Guide]

  • Write an article about ProximaX! What is ProximaX? What are the benefits of using ProximaX over other blockchain infrastructures? What is the benefit of having all the tools required to develop any type of project in one place? Discuss some of the core-services such as storage capabilities, streaming, database and Supercontracts. Talk about how they could be used to build web services and projects. For example the streaming core-service can be used to make a video streaming service like YouTube or DTube. ProximaX has a number of existing applications, feel free to check them out as well! Come up with some potential use-cases of what you imagine being built on Proximax! Be creative with your use-cases! With ProximaX, you can build almost anything. As always, the topic is fairly open-ended, so be creative!

 

  • Scroll down to the bottom of the page and click the "Submit An Article" button.
  • Any and all plagiarism and word spinning will be immediately disqualified and will not receive a prize! We rather see honest effort.
  • At least 70% of the article must be original.
  • No copy-pasting without quotes.
  • Have questions about the project? No problem! The ProximaX team is always ready to answer questions in their Telegram group! Ask questions on things related to what you want to write and want to know more about.
  • Additional resources are linked at the bottom.

SUBMISSIONS

  • Write and publish an article on Medium or Steemit.
    • Article Share Bonus: If you wrote an article, share your article on Twitter to get a bonus! Make sure to include #proximax.
    • Article Bonus: If you would like to publish your article on both Medium and Steemit, one of them will be treated as a bonus.
  • Bonus Bounties:
    • Write a small blurb about an awesome ProximaX feature and post it on Twitter with the hashtag #proximax.
    • Post a ProximaX related graphic on Instagram with the hashtag #proximax.
  • Videos: Make a short video about ProximaX. Please be mindful of ambient noises and background if making a selfie style video. Videos can be posted on YouTube/DTube! 
  • Max Submissions: One user can submit a maximum of one Medium or Steemit article (if both one of them will be treated as a bonus), one Twitter link, one Instagram link and one YouTube video.

PRIZE DISTRIBUTION

  • Prizes will be distributed to all users who fairly participate. Winners will be announced and posted here.
    • Articles will be ranked and receive rewards based on quality.
    • All qualifying bounties and link shares will get a small bonus depending on the number of participants.
    • Videos will be ranked an receive rewards based on quality.
  • When submitting an article please choose if you would like to be rewarded in STEEM, ETHEREUM or XPX (FOR XPX PLEASE USE MAINNET WALLET ADDRESS, USERS WHO CHOOSE XPX WILL RECEIVE AN ADDITIONAL 5% BONUS ON THEIR PRIZES).
    • Don't forget to go to your profile page and update your wallet information.

 

 


ProximaX Additional Resources

 
 
 

WHAT IS PROXIMAX?

The new landscape of decentralized ledger technology is more competitive than it's ever been. The sophistication and talent in the blockchain industry is now so robust that for a new project to catch the same network effect as the previous generation of successful projects, they must offer the whole package: smart contracts, scalability, SDKs (software development kits), IoT (internet of things) use cases, and agnostic asset exchange possibilities. These are just a few things that make the bare minimum of what the projects entering 2020 will have to be capable of.

 

 
 
 
ProximaX is a platform for easy-to-use application and service development. Instead of solely focusing on blockchain technology ProximaX is a set of tools for developers to use in order to build their applications while taking advantage of the inherent benefits of blockchain technology.
ProximaX is beyond making a new blockchain, or killer app use case. ProximaX is on a mission to make a fully fledged platform for universal application development; with blockchain as a value anchor among the builders, funders, and consumers of its new technological paradigm.
 
Image result for proximax
 
With ProximaX users can build:
  • Social Media Platforms (Like FB, IG, etc WITHOUT infringing on privacy)
  • Streaming Services (Netflix, YouTube, etc)
  • Business Services (Google Sheets, Tracking Software, Wrike, etc)
  • Almost anything else!
     
 
 
 

THE MODERN BLOCKCHAIN DISASTER

 
As of now, there are numerous blockchain projects offering a part of the whole. Some projects offer great transaction speeds, others focus on storage, while others on streaming, etc.
This creates a convoluted environment that makes it hard for developers to launch applications since there is no cohesion between the various development tools.
As an analogy, imagine building a vehicle that has the wheels of a truck, the engine of an airplane and the body of a car. Sounds like a bad idea right?
This is the current issue within the space of blockchain development. There is no cohesion, which in turn means that developers have to either stick together components that don’t work well, or build out their own solutions which is time and cost prohibitive. This high barrier to entry creates an obstruction on the path to the mass adoption of blockchain.
 

THE SOLUTION - THE PROXIMAX SIRIUS CHAIN

 
ProximaX is an assembly of decentralized technologies, with blockchain acting as the core to the tokenomics. With ProximaX, the world is your oyster. Whether you want to build the next Facebook, YouTube, Steemit, Skype, Amazon or anything else you can think of, the ProximaX Sirius Chain has all the tools you need!
The Sirius Chain is the backbone that holds the ProximaX project on its feet. It is a blockchain denoted by a token called the “service unit.” These units are smart contracts defined on the Sirius Chain, which is itself a fork of the highly successful NEM Chain, called Catapult.
The Sirius Chain also has a PoG (Proof of Greed) system which makes sure that nodes do not get too powerful by charging exorbitant prices for each block they validate. This provides a natural check to the ecosystem in terms of equality and utility.
The role of the Sirius Chain is to build a foundation upon which to run the core services of the ProximaX project.
 
 

PROXIMAX CORE-SERVICES

 
  • SIRIUS STORAGE & SUPERCONTRACTS
 
Distributed file storage is one of the first core services enabled by the ProximaX team on the Sirius Chain. File storage is done via a DFMS (distributed file management system). Data is encrypted and split into smaller units. It is then stored across storage nodes as agreed by consensus throughout the Sirius Chain.
 
  • SIRIUS STREAMING
 
This core service is offered via two methods:
 
  • Data is prerecorded on Sirius Storage to be streamed to viewers
  • Data is streamed live to viewers
 
  • SIRIUS DATABASE
 
The Sirius Database is a private-only service offering, unavailable to the public protocol. Applications requiring a database can use the Sirius Database to build hybrid architectures that can still access the core services of the public infrastructure.
 
  • SIRIUS CONTENT REVIEW
 
Content review allows content managers to create review processes (based on consensus) throughout the protocol. Content review is another public core service.
 
 

TOKENOMICS & TOKEN ECOSYSTEM

To incentivize the work done, ProximaX has based its tokenomics on the following criteria:
 
  1. Synergy and self-organization of system elements
  2. Adaptability to different vectors of attack upon the system
  3. Growing infrastructure to incorporate plug-ins for additional core services
 
The ProximaX token ecosystem has two layers:
 
  1. Internal
  • The Native Token (XPX) - Powers the blockchain and pays for services
  • Service Units - Units of measure of the services performed over the protocol
  • Custom Tokens - Created by users to build DApp (decentralized application) markets throughout the network
 
  1. External
  • End-user payments - Any method of payment (crypto or fiat) can be built into any application supported by ProximaX
 

THE NATIVE TOKEN: XPX

 
This is the token that powers the Sirius Chain; the core backbone of the ProximaX project. To utilize ProximaX services, users must pay with XPX.
SERVICE UNITS
XPX are traded in for service units via an automated inner exchange. These are consumed to process supercontracts.
Service units are used to:
 
  • Allow the consumer to pay for services
  • Reward the nodes for running services
  • Measure the capacity of a node for executing a service
 
The different types of service units are as follows:
 
  • Storage units (SO) - One unit represents 1GB stored per month
  • Streaming units (SM) - One unit represents 1GB streamed between users
  • Supercontract units (SC) - One unit represents one supercontract code executed
  • Review units (RW) - One unit represents 1 XPX worth of paid content
 
The initial service unit rates (which are subject to change) are as follows:
 
  • 1 SO = USD 0.004
  • 1 SM = USD 0.02
  • 1 SC = USD 0.000005
  • 1 RW = USD 0.005
 

CUSTOM TOKENS: MOSAICS

 
Mosaics refer to contracts which are pre-defined on the blockchain protocol. These contracts can represent anything the designers wish for them to associate value with: currencies, assets, consumption, etc.
This means that ProximaX can be expanded indefinitely into various types of projects since you can continue to add tokens within the infrastructure to represent whatever it is you need!
Mosaics can be customized with unique properties such as:
 
  • Divisibility
  • Duration
  • Initial Supply
  • Supply Mutability
  • Transferability
 

AUTOMATED INNER EXCHANGE

 
The Automated Inner Exchange is built on top of the Sirius Chain to exchange the XPX with designated service units. Users can use the inner exchange economy to create new core service (such as a search engine) and their associated tokens.
 

THE PLATFORM: CONSUMERS AND APPLICATIONS

 
SDKs and REST APIs are the mediums by which the platform can be used by the consumer. Applications can be fully decentralized, semi-centralized, or completely centralized as seen fit by the developers via the SDK.
Each application can use ProximaX’s core services directly, or build its own platform to provide the core services to its own end users.
APPLICATION ONBOARDING
An application owner that creates their service on top of the ProximaX platform must onboard their application.
The following core component features are available to application owners through the Sirius Chain:
 
  1. Account - Identification infrastructure
  2. Namespace - A plugin that creates a domain representation (name) of a business
  3. Mosaic - A digital representation of value that may or may not be associated with a namespace
  4. Metadata - Data associated with pre-built plugins; needed for applications relying on third-party services through the use of URLs (unified resource locations)
  5. Supercontracts - Contracts that execute via a distributed manner with a pre-agreed consensus mechanism; developers can access pre-existing sets or create their own
  • Supercontracts can be restarted, amended, halted, augmented, discontinued; all off-chain so as to not interrupt the integrity of the Sirius Chain in the event of unforeseen problems
 

SIRIUS CHAIN GOALS

 
The goals of ProximaX, and by extension the Sirius Chain are the following:
 
  1. Process transactions securely, quickly, and efficiently; a thousand per hour or greater
  2. Encourage the expansion and security of the network
  3. Scale at the lowest resource cost possible
  4. Provide transaction types that allow cryptocurrencies to become more than just payment systems
  5. Create an agile architecture for the deployment of new core services and advanced applications
  6. Run on as many devices as possible (mobile and IoT)
 

SIRIUS CHAIN TOKENOMICS

The consensus mechanism of the Sirius Chain is PoS (Proof of Stake). The Proof of Stake infrastructure uses funds and time as part of the reputation metrics for the nodes on its network. The more funds a node has, and the longer it has been active, the higher its probability of solving the next block and therefore receiving its reward.
Participating as a Validator node on the Sirius Chain requires staking. The ProximaX team has run tests to determine the optimum staking for users to reap the benefits of the PoS system.
The recommended minimum stake is 250,000 XPX; whereas the recommended average stake is 2,500,000 XPX. These figures allow the Validator nodes to stay competitive with each other in the process of being elected to generate the next block on the Sirius Chain.
The ProximaX technical paper details the default fee structure of the Sirius Chain. They are left out of this section because these are nominal figures which do not themselves affect the interaction of the system’s parts.
SDKs have these pre-configured default fee structures:
 
  • High Transaction Fee = Recommended transaction price for consumer * 0.025
  • Medium Transaction Fee = Recommended transaction price for consumer * 0.0025
  • Low Transaction Fee = Recommended transaction price for consumer * 0.00025
 
If a consumer builds their own mosaic or namespace, they pay a rental fee. The following fees are determined in genesis nodes which dictate the rental fees:
 
  • Mosaic Rental Fee = 10,000 XPX one-time payment
  • Namespace Rental Fee = 10,000 XPX per year
 

SIRIUS CHAIN CORE FUNCTIONS

 
  1. Account - Parallel to application onboarding section
  2. Namespace - Parallel to application onboarding section
  3. Mosaic - Parallel to application onboarding section
  4. Metadata - Parallel to application onboarding section
  5. Multi-Level Signature - Used to build multi-level agreements
  6. Cross-Chain Transactions - Transactions between two Sirius Chains; private and public; called an “atomic swap”
  • Entails locking funds on one chain (sender) and making a counter-asset available to another chain (receiver)
  1. Aggregated Transactions - Combine multiple transactions
 

SIRIUS CHAIN CONSENSUS

ProximaX’s blockchain Sirius uses a Proof of Stake (PoS) consensus algorithm because of its stronger throughput than the alternative Proof of Work (PoW) system found in the first generation blockchain protocols. The model for Sirius was adopted from NXT, and enhanced.
In the standard NXT version blocks were generated every minute. ProximaX needs only 15 seconds to do the same task; showing a four times efficiency boost. Because the full token supply is predetermined, the transaction work and fees of the PoS system in the Sirius Chain is one of redistribution.
PoG (Proof of Greed) is a mechanism developed by the ProximaX team to limit the transaction fees a node can charge. The Sirius Chain aims to redistribute a higher probability of success to consumers who opt for lesser fees. This feature is another novel development because many blockchain networks do not have adjustable fee frameworks.
POTENTIAL ATTACKS
There are two major vectors of attack against the ProximaX network:
 
  1. Zero-Fee Attacks - Validators may validate transactions for free to combat the PoG system and take over the network by forging the most blocks
  • The solution ProximaX utilized was to ensure that those Validators which take some pre-specified average fee have a higher chance of forging a block
 
  1. Large-Stake Attacks - This becomes a problem if a Validator with a 51% stake attacks the network, earn the majority of the fees, and begin to reverse transactions
  • PoG ensures there is a fair distribution of Validator rewards
 

PROXIMAX: THE VALUE ADD

ProximaX has its own novel contribution to the technical infrastructure developments of the blockchain sector. PoG is an original, synergistic, addition to the PoS system. It allows the system to scale, stay equitable, and egalitarian.
However, the greatest strengths of the ProximaX design is the converging application platforms. It is a project that does everything well, not accepting the limitations that other development teams decide for their own projects. The plethora of core services that rest on their own platforms are a testament to this; the common denominator of the Sirius Chain the ingenuity that makes the whole greater than the sum of its parts.