Bengaluru, India, July third, 2024, Chainwire
E Cash Community, a modular RWA blockchain, has launched the most important RWA grant program within the crypto house, 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 commonplace ready-made modules comparable to KYC verified onboarding, banking, staking, governance and extra that may be included instantly 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 Property (MiCA) laws. These options be certain 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 modern options to life. Candidates can submit Requests for Proposals (RFPs) detailing their concepts for RWA purposes . Its $2 million grant pool will probably be distributed as preliminary capital amongst eligible tasks.
E Cash Community’s CEO Raj Bagadi quoted “RWA ecosystem is in its nascent levels, 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 most important grant program to allow the following technology of entrepreneurs searching for to rebuild the monetary markets with RWA purposes.”
Analysis Standards for Profitable Grants
A bunch of know-how consultants, advertising professionals and skilled neighborhood members will type the choice committee for reviewing grant purposes. Purposes to the grant program will probably be evaluated on the premise of the next standards –
Every proposal should embody not less than three milestones with measurable KPIs comparable to person development, TVL improve, transaction quantity, and so forth.
Relying on the afore-mentioned components, tasks can grow to be eligible to win grants starting from $5000 to $50000 primarily based on necessities and scale of the product. Moreover, E Cash Community will even present winners of the grant program entry to mentorship from trade consultants, authorized and compliance help, advertising and development help, 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 utility 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 will probably 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@emoney.community
ContactHead of Advertising & BrandingShivangini AgarwalE Cash Communityadvertising@emoney.community
This text was initially revealed on Chainwire
