Bengaluru, India, July 3, 2024, Chainwire
E Cash Community, a modular RWA blockchain, has launched the most important RWA grant program within the crypto area, totaling $2 millionallow RWA tasks 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 tasks. Along with a developer SDK for personalized options, it additionally has customary out-of-the-box modules similar to KYC verified onboarding, banking, staking, governance and extra that may be included instantly 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) rules. These options be certain that each entity and transaction within the utility constructed on E Cash Community can 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 targeted on RWAs to hitch the E Cash Community and convey modern options to life. Candidates can submit Requests for Proposals (RFPs) detailing their concepts for RWA functions. Its $2 million grant fund will likely be distributed as seed capital amongst eligible tasks.
E Cash Community CEO Raj Bagadi quoted, “The RWA ecosystem is nascent, and constructing an RWA ecosystem with quite a few RWA-specific functions will assist form the trajectory of E Cash Community and spearhead new developments for the broader RWA ecosystem. the most important grant program to allow the following era of entrepreneurs who wish to reshape monetary markets with RWA functions.”
Analysis standards for acquiring grants
A gaggle of expertise consultants, advertising and marketing professionals and skilled group members will kind a range committee to assessment grant functions. Purposes to the grant program will likely be evaluated based mostly on the next standards –
Every proposal should embrace not less than three milestones with measurable KPIs similar to person progress, TVL enhance, transaction quantity, and many others.
Relying on the above components, tasks could change into eligible for grants starting from $5,000 to $50,000 based mostly on necessities and product scope. As well as, E Cash Community will even present grant program winners with entry to mentorship from business consultants, authorized and compliance help, advertising and marketing and progress help, networking alternatives with different RWA tasks and E Cash Community core builders.
How to enroll
builders and builders can be a part of the #BUIDLonEMN initiative by finishing the grant utility 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 mission. Profitable functions to the subsidy program will likely be notified together with additional directions.
Concerning 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 info, customers can go to: X | LinkedIn | Blogs | White paper
For media inquiries, customers could contact: advertising and marketing@emoney.community
ContactHead of Advertising and BrandingShivangini AgarwalE Cash Communityadvertising and marketing@emoney.community
This text was initially revealed on Chainwire
