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Web Summit 2019

TAIKAI

Blockchain Side Pitch Competition to select the best startup pitches on WebSummit 2019, Lisbon - Portugal

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<p>The <a href="https://websummit.com/pitch">Web Summit Startup Pitch Competition</a> is a startup competition at <a href="https://websummit.com">Web Summit 2019</a> that brings together the world&rsquo;s leading early-stage startups for a live on-stage battle.</p><p><br></p><p>To make it more interactive and fun for Web Summit attendees the TAIKAI team has prepared the <strong>TAIKAI Blockchain Side Pitch Competition</strong> to select the best pitches on an online crowd-based contest that runs in parallel with the event. The competition will run on the TAIKAI platform as a challenge and following the official competition timeline.</p><p><br></p><p>The <strong>TAIKAI</strong> token-based voting technology will empower the transparency, traceability, and auditability of the contest.</p><p><br></p><h2 id="howdoesitwork">How does it work?</h2><p><br></p><p>The official competition that happens on Lisbon from 4-7 of November will be evaluated by an independent recognized panel of judges for assessment.</p><p><br></p><p>The Web Summit <strong>Startups</strong> selected for the pitch competition will have a project page on Web Summit Taikai challenge, where you can find useful information about the startup.</p><p><br></p><p>During the event in Lisbon, we will distribute to Web Summit attendees a voucher with 100 KAIs to vote on the <strong>TAIKAI</strong> platform.</p><p><br></p><p>On the 4th of November, the online voting competition will be open to any person that redeemed the voucher and the participants will have a chance to distribute their KAIs on their favorites pitches/startups.</p><p><br></p><p>The Startups that receive the highest amount of KAIs tokens from the crowd will get KAIs as a reward, exposure, social recognition from all the competition voters.</p><p><br></p><p>The best voters will also be rewarded based on the final results and their voting choices.</p><p><br></p><h2 id="howcaniparticipateasavoter">How can i participate as a voter?</h2><p><br></p><p>On the 4th of November, register on the <a href="https://taikai.network/signup">TAIKAI Platform</a> and redeem the Web Summit voucher to be a participant. Once you redeem the voucher you will receive KAI Tokens to be spent on the Side Competition.</p><p><br></p><h2 id="howcanifollowthecompetition">How can i follow the competition?</h2><p><br></p><p>View and evaluate the startups at the Web Summit event and vote for your favorites until 7th November at 11:59pm.</p><p><br></p><p>You can follow the competition on Twitter by following <strong>@taikainetwork</strong> or <strong>#taikai</strong>.</p><p><br></p><h2 id="howdoestaikaiensuretransparencyandauditability">How does TAIKAI ensure transparency and auditability?</h2><p><br></p><p>All transactions and votes submitted by the participants will be validated on a public blockchain (EOS.io) for further analysis or audit purposes.</p><p><br></p><h2 id="whataretheincentivestovotefairlyandcorrectly">What are the incentives to vote fairly and correctly?</h2><p><br></p><p>As a crowdsourcing-based platform built on a token-based economy, the platform will recognize the voters that have identified the best pitches and will reward them with KAI Tokens to acknowledge their participation in the contest, using a proprietary algorithm.</p>

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<h3 id="voting">Voting</h3><ul><li>4th November 2019, 5:00 pm - 7th November 2019, 11:59 pm</li></ul><h3 id="results">Results</h3><ul><li>7th November 2019, 11:59 pm</li></ul>

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<p>Before reading the Rules of this Challenge, we kindly advise you to fully read our <a href="https://taikai.network/about/terms-and-conditions">Terms &amp; Conditions</a> in order to understand how it will function and take the best out of the experience.</p><p><br></p><h2 id="introduction">Introduction</h2><ol><li><p>TAIKAI Blockchain Side Pitch Competition is a startup competition organized by TAIKAI at Web Summit that brings together the world&rsquo;s leading early-stage startups for a live on-stage battle;</p></li><li><p>The goal is to select the best pitches on an online crowded based contest that runs in parallel aside the event;</p></li><li><p>Any person that redeemed the voucher can vote and will have a chance to distribute their KAIs on their favorites pitches/startups;</p></li><li><p>All the transactions and the votes submitted by the participants might be validated on the EOS public blockchain for further analysis or audit purposes;</p></li><li><p>TAIKAI Blockchain Side Pitch Competition will begin at 9:00 on the 5th of November 2019 and will finish at 23:59 on the 7th of November 2019;</p></li><li><p>The Competition will take place at Altice Arena &amp; Fil, Lisbon.</p></li></ol><h2 id="voucherredeemrequirements">Voucher redeem requirements</h2><ol><li>User must have a Taikai account.</li><li>The Taikai account must be validated ( using SMS validation ).</li><li>Taikai team reserves the right to withhold a registration or redeem in case it believes that the profile is fake.</li></ol><h2 id="communicationchannel">Communication Channel</h2><ol><li>All information regarding the event is available at <strong>TAIKAI Blockchain Side Pitch Competition</strong>;</li><li>Taikai platform will manage the voting process;</li><li>The winner will be announced on the Taikai platform and social media in the last day on Web Summit.</li></ol><h2 id="agendaanddurationoftheevent">Agenda and Duration of the Event</h2><ol><li><strong>TAIKAI Blockchain Side Pitch Competition</strong> will begin at 9:00 on the 5th of November 2019 and will finish at 23:59 on the 7th of November 2019.</li></ol><h2 id="evaluationandeligibility">Evaluation and Eligibility</h2><ol><li>The Participants have the possibility to select the best pitches on an online crowded based contest that runs in parallel aside the event;</li><li>Before the end of the Web summit all eligible startups (projects) will be evaluated and voted by the juries (backers);</li><li>A prize will be awarded to the startup with the most votes.</li></ol><h2 id="prizes">Prizes</h2><ol><li>100 000 KAIs is the maximum number of KAIS to be used as reward for this contest.</li><li>The prize will be distributed between the startups and backers(juries/voters). The startups receive 50% and the backers 50% of the KAIS distributed on the voting contest by the backers.</li><li>The prize will be distributed following the voting results and the TAIKAI reward algorithm.</li><li>The startups with the higher number of votes will receive more KAI rewards and the startups with fewer votes will receive fewer rewards.</li><li>The backers will receive rewards based on their voting choices and the final contest result.</li></ol><h2 id="finalremarks">Final Remarks</h2><ol><li>Participation in the TAIKAI Blockchain Side Pitch Competition implies acceptance of all Terms &amp; Conditions;</li></ol><p>These terms and conditions were created on 17th October 2019.</p>

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<ul><li><strong>100 000</strong> KAIs is the maximum number of KAIS to be used as reward for this contest.</li><li>The prize will be distributed between the startups and participants.</li><li>The best startups receive <em>50%</em> and the backers (voters) <em>50%</em> of the KAIS distributed on the voting contest by the voters.</li><li>The prize will be distributed following the voting results and the <strong>TAIKAI</strong> reward algorithm.</li><li>The startups with a higher number of votes will receive more KAI rewards and the startups with fewer votes will receive fewer rewards.</li><li>The backers will receive rewards based on their voting choices and the final contest result.</li></ul>

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