Kraken Forge - Build the tools beneath the surface

Rules and Terms

Before reading the Rules of this Challenge, we kindly advise you to check our General User Terms & Conditions and Privacy Policy of the TAIKAI Platform.

Hackathon Rules

• Participants must be 18 years or older. 
• Submissions must include a video with a demo, a proper README file and applicable documentation.
• Each participant may submit only one Project for each Track. 
• All winners must complete ID verification to receive prizes.
• Submissions must be completed individually. Team submissions will not be accepted.
• All code submitted by the participants must be open source. 
• All project submissions must have a MIT License
• Employees and contractors of Kraken may participate but are not eligible to receive prizes
• Participants who fail to comply with these Rules may be disqualified at any time, and any prizes awarded may be revoked
  
  

REGISTRATION AND ACCESS TO THE CHALLENGE

For his/her Registration to the Challenge, each participant must open a user account on taikai.network and must indicate the following:

• A valid username
• A valid email address
• A valid password To validate his Registration, the Innovator must accept the General Terms & Conditions and Privacy Policy provided by TAIKAI.

Registrants must accept TAIKAI’s General Terms & Conditions and Privacy Policy and opt in to these Challenge Rules.

Incomplete or inaccurate registrations may result in disqualification.

DURATION OF THE CHALLENGE

The Challenge will take place according to the following timeline:

• Registration: November 20 – December 4, 2024

• Participant Invitations: December 5, 2024

• Hackathon (Building Phase): December 8 – 24, 2024

• Submission Deadline: December 24, 2024

• Winners Announced: January 2026

DELIVERABLES

• Participants must provide:

  • A GitHub repository containing the code (open-source under MIT license)

  • A working prototype 

  • A video with a demo, a proper README file and applicable documentation.

• Incomplete or unreadable submissions may be disqualified.

REVIEW PROCESS

Projects will be evaluated by a panel of judges appointed by Kraken

• Evaluation Criteria:

  • Technical Execution

  • Innovation

  • Reusability

  • UX & Accessibility

  • Documentation

  • Presentation

PRIZES

A total prize pool of $15,000 USDG will be awarded across all tracks

• 🥇 1st Place of each track: $4,000 USDG

1. 🏆 Honorable Mention: $3,000 USDG - awarded to a standout project selected from all tracks.

Prizes will be awarded in USDG stablecoin and credited directly to a verified Kraken account.

Career Opportunity

Top participants will also receive an invitation for a  fast-tracked interview process for engineering roles at Kraken to  join one of the most advanced teams in the fintech industry! 

INTELLECTUAL PROPERTY

• All code and materials submitted must be open source under the MIT License.

• Participants retain ownership of their submissions.

• Kraken may review, feature, or reference the projects (including screenshots or descriptions) for promotional or community purposes, with attribution to the creators.

• Participants must ensure their work does not infringe third-party rights.

COMMUNICATION

Any non-public information shared by Kraken during the Challenge must be treated as confidential and not disclosed outside the scope of participation. This confidentiality obligation extends for five (5) years after the Challenge concludes.

CONFIDENTIAL INFORMATION

Any non-public information shared by Kraken during the Challenge must be treated as confidential and not disclosed outside the scope of participation. This confidentiality obligation extends for five (5) years after the Challenge concludes.

CANCELLATION AND SUSPENSION OF THE CHALLENGE

Kraken reserves the right to modify, suspend, or cancel the Challenge in cases of force majeure or unforeseen circumstances without liability or compensation to participants.