The biggest hackathon in the blockchain space is to launch a new token HKG
cryptocoinsnews.comA token to fuel an accelerator isn't a bad idea at all. Most accelerators would have loved to do the same, but don't have a blockchain they verify on. This project is the first of a kind in terms of the tech.
Back in the 90s this was a wet dream to many people. Like the article mentioned, this could have been done on a native token (btc/eth) but best of luck with the experiment.