Bengaluru, India, July third, 2024, Chainwire
E Cash Community, a modular RWA blockchain, has launched the largest RWA grant program within the crypto area, totaling $2 million, to allow RWA tasks to construct on their blockchain and speed up the event of the RWA financial system.
E Cash Community’s Structure Unlocks a World of Potentialities
E Cash Community is an L1 blockchain that acts as a foundational community for constructing RWA tasks. Other than a developer-friendly SDK for custom-made options, it additionally has customary ready-made modules equivalent to KYC verified onboarding, banking, staking, governance and extra that may be included straight into functions. The E Cash Community helps interoperability with Inter-Blockchain Communication (IBC), permitting the event of functions that may talk with different IBC-compatible blockchains.
E Cash Community has built-in compliance modules together with Know Your Buyer (KYC), Know Your Possession (KYB) and Know Your Transaction (KYT) to allow adherence to the upcoming Markets in Crypto Property (MiCA) laws. These options make sure that each entity and transaction in an utility constructed on the E Cash Community can also be MiCA compliant by default.
Goals of the Grant Program
As part of its #BUIDLonEMN initiative, E Cash Community invitations developer groups with disruptive RWA-centric concepts to construct on the E Cash Community and produce revolutionary options to life. Candidates can submit Requests for Proposals (RFPs) detailing their concepts for RWA functions . Its $2 million grant pool will likely be distributed as preliminary capital amongst eligible tasks.
E Cash Community’s CEO Raj Bagadi quoted “RWA ecosystem is in its nascent stages, and building the RWA ecosystem with numerable RWA-specific applications will help in shaping E Money Network’s trajectory and spearheading new advancements for the wider RWA ecosystem. Hence, we are launching the biggest grant program to enable the next generation of entrepreneurs seeking to rebuild the financial markets with RWA applications.”
Analysis Standards for Profitable Grants
A gaggle of know-how consultants, advertising and marketing professionals and skilled neighborhood members will kind the choice committee for reviewing grant functions. Purposes to the grant program will likely be evaluated on the idea of the next standards –
- The challenge’s goal and scope
- The anticipated influence of the challenge
- The challenge’s milestones and KPIs
- Anticipated finances
- Crew particulars together with roles, duties and prior expertise of every crew member
- Product roadmap
Every proposal should embrace not less than three milestones with measurable KPIs equivalent to person development, TVL enhance, transaction quantity, and so on.
Relying on the afore-mentioned components, tasks can change into eligible to win grants starting from $5000 to $50000 primarily based on necessities and scale of the product. Moreover, E Cash Community can even present winners of the grant program entry to mentorship from business consultants, authorized and compliance assist, advertising and marketing and development assist, networking alternatives with different RWA tasks and E Cash Community’s core builders.
Apply
builders and builders can be part of the #BUIDLonEMN initiative by filling out the grant utility kind right here and becoming a member of E Cash Community’s grant channel on Discord. After the submission of the appliance, the choice committee will consider the challenge. Profitable functions to the grant program will likely be notified together with additional directions.
About E Cash Community
E Cash Community is the regulated Modular RWA blockchain. It serves as an L1 blockchain designed for seamless interoperability between DeFi 2.0 and RWA tokenisation, successfully establishing a community that goals to bridge the liquidity divide between Net 2.0 and Net 3.0.
For extra data customers can go to:
For media queries, customers can contact: [email protected]
Contact
Head of Advertising and marketing & Branding
Shivangini Agarwal
E Cash Community
[email protected]