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Renaissance 2.0 will boost the development of Ontology’s DeFi ecosystem

Many developers have already been exchanging ideas and developing DeFi dApps in Ontology’s ecosystem. In the coming months, a range of new decentralized finance applications will be launched, as DeFi capabilities expand to reach more mainstream audiences.

In order to encourage pioneering DeFi developers to build on the Ontology blockchain, we’ve updated our Ontology dApp Incentive Plan to the new “Renaissance 2.0”, with the aim of boosting the DeFi ecosystem on the Ontology network. The Ontology Foundation will give the plan a 3-month trial period — from August 15th, 2020 to October 15th, 2020.

A summary of the DeFi-exclusive Renaissance 2.0 plan is as follows:

2. Developers can get DOUBLE the transaction fees returned if they integrate and use ONT ID in their dApp.

3. High performing developers will be provided with technical, marketing, and operations support from the Ontology team.

Following evaluation processes, accepted applications will receive coaching from experts to help chosen dApps with marketing and development.

John and his team developed a DeFi dApp on the Ontology blockchain that utilizes ONT ID. They submitted their dApp to DappRadar and it became very popular, rising into the Top 10 Ontology dApps list.

With the new Renaissance 2.0 plan, John and his team will receive

Don’t miss out! The earlier you apply, the earlier you can start to earn rewards. The application review normally takes around 1 to 2 business days.

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