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title: Hackathon Description

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## Overview
***Igniting the Nature Backed Economy*** is a regenerative finance hackathon - aiming to bring advancements to land based DAOs, community land trusts, and other forms of commons governed or built on-chain in the Ethereum ecosystem.
The hackathon will offer a chance for builders to create tools for land based DAOs and community projects leveraging technology to access, govern, and regenerate commons.

*Where to join*
Join the Conversation https://t.me/hackrefi
Hosted in person at [Traditional Dream Factory (TDF)](https://www.traditionaldreamfactory.com/events/regenerative-futures-igniting-the-nature-backed-ec), and remotely right here!


*Rules and Conditions*
By competing in the hackathon it means that you have read all of our code of conduct, rules and conditions available here https://hackrefi.org/about/index.htm and agree with them.

*Submissions*
Teams are able to join the hackathon anytime and submit a project until June 14th. The Jury will deliberate and announce the winners on Saturday 15th.

*Eligibility criteria*
- Must use web3 technology in some way (blockchains, decentralized compute- storage, NFTs, tokens, etc.)
- Must be regenerative https://blog.toucan.earth/what-is-refi-regenerative-finance/
- Project should aim to drive adoption of web3 based approaches to governance and access in land based projects.
- Project should aim to drive [Ecological Benefits](https://www.thelexicon.org/?ref=hackrefi)
- Project must be submitted by the submission date.
- Alterations after the submission date will not be considered
- Project codebase must be usable and open source
- Projects and their codebase must not be started before June 7th and no updates after June 14th.

*Judging criteria*
- Value Add (20%): How major is the project's value add
- Project Uniqueness (15%): How unique is the project
- Business Model (15%): The effectiveness of the project's business model
- Impact Potential (20%): Size of potential impact and increase in regenerative economy 
- Legal Concerns (15%): How could law hinder this project and how is it being addressed
- Circularity (15%) How this project builds towards circularity. 

*Judging Form*
This is the form that judges will use to rate projects.
https://forms.gle/xMyjzyQH2jf6ZvXv6


*Specific Bounties*
Bounties can continue to be worked on post hackathon.
- Functional Land Based DAOs Index Token - 4 $TDF tokens* + 0.5 ETH
- Real World Access with [Halo Chip](https://arx.org) integration for check in on [Proof of Presence (Smart Contract)](https://github.com/closerdao/proof-of-presence) - 4 $TDF tokens*, Halo chips generously sponsored by [ARX](https://arx.org/).
- Proof of Presence Smart Contract on Inverter ($2000 in $OP + 2 $TDF tokens* )
- Hack leveraging Inverter SDK ($1000 in $OP)
- POC Regen Score for regenerative villages - making use of open data such as OFP - 10 TDF Carrots
- Ecosystem map upgrades  and bringing on live data from the land based DAOs on [Agartha](https://www.agartha.one) (10 TDF Carrots*)
- Deploying a new land based DAO on Closer and leveraging Q protocol for DAO oversight: 10 000 Q tokens


*Overall Prizes*
Our sponsors at Traditional Dream Factory, MaEarth Media, ARX and more are excited to deliver a series of prizes to teams building out the regenerative economy.
*Want to add your org/bounty/reward here? email sam@closer.earth*

#### 1st Place
50 TDF Carrots* (est. 1500€) + 0.5 ETH (~1500€)
Interview and press

#### 2nd Place
20 TDF Carrots* (est. 600€)

#### 3rd Place
10 TDF Carrots* (est. 300€)

Follow up prize:
for teams that will continue work on their hacks 

(* gives accomodation rights at Traditional Dream Factory, a web3 enabled regenerative village in Portugal. $TDF are perennials, Carrots are annuals.).


**Total rewards pool value: 15k€+ equivalent**


### Hackathon Schedule

*Saturday, June 8 - Twitter Space + Warpcast?*
- Kick off - intro to ReFi + Land based DAOs
- Announcing bounties & sponsors


*Sunday, June 9 - Pitch your team / idea*
- Form your teams, get talent

*Monday, June 10 - Start Hack!ng*
*Friday, June 14 - Hack!ng Stop*

*Saturday, June 15 - Jury deliberations & awards*
- Pizza party @ TDF with ReFi Lisboa
