CoinList announced on December 19 that it has decided to make CoinList Build a new product. The information was released by CoinList President Andy Bromberg during a conversation with CoinDesk.

The main intention behind this project is to help companies test and try their platforms with engineers. In order to do so, CoinList launched a new product that allows firms to start hackathons in a very short period of time. There is already one project, 0x (ZRX) that will be using the platform the next month.

CoinList is a company that has provided services for projects to run their token sales. There have been 50 teams that were able to raise $450 million in funds from investors.

In general, these hackathons have been usually performed in physical places. Nevertheless, now it is possible to do it online without participants having to travel or moving from their home.

Bromberg says that this lowers the entry barriers for contributors to the crypto ecosystem. The first hackathon will start on January 10 and it will last until February 7. 0x places $50,000 of its tokens as a prize for the best participants.

Apparently, participants will have more money than CoinList itself each time there is a hackathon on its network. There are other crypto companies that would like to participate in similar events.

The first event produced by 0x is called ‘Bringing Decentralized Markets to the Masses.’ Bromberg explained that the intention of 0x’s event is to focus on compliance, decentralized finance and gaming.

The prizes will be divided as follows: a $10000 grand prize, a $7500 community choice award and a $2500 prize for finalists in each of the aforementioned categories. There will be different important judges in the space participating on the hackathon, including Tinder’s Jeff Morris, Messari’s Katherine Wu, and Georgia Quinn from CoinList, among others.

There is no information yet about the next company that will be working on the new CoinList Build.

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