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 Prospects
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 commonplace ready-made modules akin to KYC verified onboarding, banking, staking, governance and extra that may be included straight into purposes. The E Cash Community helps interoperability with Inter-Blockchain Communication (IBC), permitting the event of purposes 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 Belongings (MiCA) rules. These options be sure that each entity and transaction in an software constructed on the E Cash Community can also be MiCA compliant by default.
Aims 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 modern options to life. Candidates can submit Requests for Proposals (RFPs) detailing their concepts for RWA purposes . Its $2 million grant pool might be distributed as preliminary capital amongst eligible tasks.
E Cash Community’s CEO Raj Bagadi quoted “RWA ecosystem is in its nascent phases, and constructing the RWA ecosystem with numerable RWA-specific purposes will assist in shaping E Cash Community’s trajectory and spearheading new developments for the broader RWA ecosystem. Therefore, we’re launching the largest grant program to allow the following technology of entrepreneurs in search of to rebuild the monetary markets with RWA purposes.”
Analysis Standards for Successful Grants
A bunch of know-how specialists, advertising and marketing professionals and skilled group members will type the choice committee for reviewing grant purposes. Functions to the grant program might be evaluated on the idea of the next standards –
- The challenge’s goal and scope
- The anticipated affect of the challenge
- The challenge’s milestones and KPIs
- Anticipated funds
- Group particulars together with roles, tasks and prior expertise of every crew member
- Product roadmap
Every proposal should embrace a minimum of three milestones with measurable KPIs akin to person progress, TVL improve, 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 trade specialists, authorized and compliance assist, advertising and marketing and progress assist, networking alternatives with different RWA tasks and E Cash Community’s core builders.
The best way to Apply
builders and builders can be part of the #BUIDLonEMN initiative by filling out the grant software type 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 purposes to the grant program might 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 info customers can go to: X | LinkedIn | Blogs | Whitepaper
For media queries, customers can contact: advertising and marketing@emoney.community
Head of Advertising and marketing & Branding
Shivangini Agarwal
E Cash Community
advertising and marketing@emoney.community