Bengaluru, India, July 3, 2024, Chainwire
E Cash Community, a modular RWA blockchain, has launched the most important RWA grant program within the crypto house, totaling $2 millionallow RWA initiatives construct on its blockchain and speed up the event of the RWA economic system.
The structure of the E Cash community unlocks a world of prospects
E Cash Community is an L1 blockchain that acts because the core community for constructing RWA initiatives. Along with a developer SDK for personalized options, it additionally has commonplace out-of-the-box modules similar to KYC verified onboarding, banking, staking, governance and extra that may be integrated immediately into functions. The E Cash community helps Inter-Blockchain Communication (IBC) interoperability, enabling 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 compliance with the upcoming Markets in Crypto Property (MiCA) laws. These options be certain that each entity and transaction within the software constructed on E Cash Community can also be MiCA compliant by default.
Aims of the Grant Program
As a part of its #BUIDLonEMN initiative, E Cash Community invitations growth groups with disruptive concepts centered on RWAs to affix the E Cash Community and produce progressive options to life. Candidates can submit Requests for Proposals (RFPs) detailing their concepts for RWA functions. Its $2 million grant fund shall be distributed as seed capital amongst eligible initiatives.
E Cash Community CEO Raj Bagadi stated, “The RWA ecosystem is nascent and constructing an RWA ecosystem with quite a few RWA-specific functions will assist form the trajectory of the E Cash Community and break new floor for the broader RWA ecosystem. That's why we're launching the most important grant program to empower the following technology of entrepreneurs who need to rebuild monetary markets with RWA functions.”
Analysis standards for acquiring grants
A gaggle of know-how specialists, advertising professionals and skilled neighborhood members will kind a range committee to evaluation grant functions. Functions to the grant program shall be evaluated primarily based on the next standards –
- Goal and scope of the undertaking
- Estimated affect of the undertaking
- Venture milestones and KPIs
- Anticipated funds
- Workforce particulars together with roles, duties and former expertise of every crew member
- Product plan
Every proposal should embody at the least three milestones with measurable KPIs similar to person progress, TVL improve, transaction quantity, and so on.
Relying on the above components, initiatives might turn out to be eligible for grants starting from $5,000 to $50,000 primarily based on necessities and product scope. As well as, E Cash Community can even present grant program winners with entry to mentorship from trade specialists, authorized and compliance help, advertising and progress help, networking alternatives with different RWA initiatives and E Cash Community core builders.
How to enroll
builders and builders can be a part of the #BUIDLonEMN initiative by finishing the grant software kind right here and becoming a member of the E Cash Community grant channel on Discord. After submitting the applying, the choice committee will consider the undertaking. Profitable functions to the subsidy program shall be notified together with additional directions.
In regards to the E Cash community
E Cash Community is a regulated modular RWA blockchain. It serves as an L1 blockchain designed for seamless interoperability between DeFi 2.0 and RWA tokenization, successfully making a community that goals to bridge the liquidity hole between Net 2.0 and Net 3.0.
For extra data, customers can go to:
For media inquiries, customers might contact: (electronic mail protected)
Contact
Head of Advertising and Branding
Shivangini Agarwal
E Cash Community
(electronic mail protected)
