In October, the Dubai based Fintech group, OneGram initiated the first event from their series of Hackathon’s in liaison with Forbes magazine. OneGram, since its inception has been designed as a non-BTC digital asset which has the benefit of being backed by a tangible asset – physical gold. This model has allowed OneGram to enjoy the benefits of being a digital asset that oscillates around its long-term average value, making it one of the hottest, most stable and preeminent digital assets on the market. The fact that each OneGram is backed by physical gold makes it seem like it is predestined to success as the prices of gold seem stable in markets worldwide.
At present, OneGram team is working on a new strategy revolving around the usability of this digital asset in real life and is currently focusing on its actuality and feasibility for merchants. It later plans to broaden its platform for other clients. Within the framework of this new vision, OneGram recently organised the first event of the Hackathon series. The group invited Central European experts to discuss its usability strategy with some of the smartest fintech and marketing specialists and to further develop the products usability.
Only 25 applicants were able to fulfil their uncompromising criteria out of the 3500 applicants who had applied to be a part of the event. The selected candidates were invited to join the event after passing various benchmark conditions and judgments by 10 fintech specialists, blockchain developers, marketing specialists, business strategists and experienced exchange traders from the OneGram Group. Hackathon was supervised by a five member committee which was chaired by Ibrahim Mohammed, the founder of OneGram and the main sponsor of the Hackathon event. The winning team as well as the five best contestants won 100 OneGram coins each.
OneGram has been engaged in formulating a new business strategy for the best usability of their digital asset. Therefore, the strategist and marketing teams have devised a new business roadmap with the sole aim of being able to effectuate the success of this asset on the market. Apart from the fact that OneGram brings stability into the crypto space due to its low volatility, it also has several other features for merchants to appreciate.
As a digital asset based on blockchain technology, it is not impeded by physical boundaries; moreover, it has a low transaction fee structure, the transaction is speedy and the cryptographic tools available help facilitate the highest security level. Another noteworthy feature is that OneGram’s collateral offers high liquidity, which is highly beneficial for any merchant.
All these characteristics helped the Hackathon attendants to be able to elaborate several usability programs that seem promising for future merchants who will be looking forward to introduce OneGram as a unit of account and means of exchange. The committee headed by Ibrahim Mohammed was extremely impressed, especially by one particular group that elaborated a remittance program for Pakistan clients using OneGram coins. Since OneGram is well established there, the selected topic covered the real case of OneGram.
The organisers were surprised by the great response of the series of Hackathon’s and towards the finale; the committee selected five best candidates who won a visit to OneGram headquarters in Dubai for three days. They will also be included in solving real cases that OneGram Group is currently working on. Based on the striking success of the first Hackathon, OneGram group aims to continue organising similar Hackathon’s in other countries as well – in the UAE, Honk Kong and Pakistan, where OneGram branches are already established. The next Hackathon is planned to be organised in Pakistan, where OneGram actively develops its fintech projects.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ