Bengaluru, India, July third, 2024, Chainwire
E Cash Community, a modular RWA blockchain, has launched the most important 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 normal ready-made modules resembling 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) rules. These options be 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 convey progressive options to life. Candidates can submit Requests for Proposals (RFPs) detailing their concepts for RWA purposes . 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 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 most important grant program to allow the following era of entrepreneurs searching for to rebuild the monetary markets with RWA purposes.”
Analysis Standards for Profitable Grants
A bunch of know-how specialists, advertising and marketing professionals and skilled neighborhood members will kind the choice committee for reviewing grant purposes. Functions to the grant program will likely be evaluated on the premise of the next standards –
- The venture’s goal and scope
- The anticipated impression of the venture
- The venture’s milestones and KPIs
- Anticipated funds
- Workforce particulars together with roles, tasks and prior expertise of every staff member
- Product roadmap
Every proposal should embody no less than three milestones with measurable KPIs resembling person progress, TVL enhance, transaction quantity, and so forth.
Relying on the afore-mentioned components, tasks can turn into eligible to win grants starting from $5000 to $50000 based mostly on necessities and scale of the product. Moreover, E Cash Community may 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 right way to 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 venture. Profitable purposes 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 Internet 2.0 and Internet 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]
