Bangalore, India, July 3, 2024, Chainwire
E-Cash Community, a modular RWA blockchain, has launched the biggest RWA grant program within the crypto area. Complete quantity: $2 millionTo allow RWA Venture We’ll construct a blockchain to speed up the event of the RWA economic system.
E-Cash Community Structure Opens Up a World of Prospects
E-Cash Community is an L1 blockchain that serves as a foundational community for constructing RWA initiatives. It has a developer SDK for personalisation options in addition to customary off-the-shelf modules that may be immediately built-in into functions, resembling KYC verified onboarding, banking, staking, governance, and so forth. E-Cash Community helps interoperability with InterBlockchain Communication (IBC), permitting for the event of functions that may talk with different IBC suitable blockchains.
E-Cash Community has built-in compliance modules resembling Know Your Buyer (KYC), Know Your Possession (KYB) and Know Your Transaction (KYT) to allow compliance with the upcoming Marketplace for Crypto Property (MiCA) laws. These options be sure that all entities and transactions inside functions constructed on the E-Cash Community are MiCA compliant by default.
Grant Program Aims
As a part of the #BUIDLonEMN initiative, E-Cash Community is inviting groups of builders with progressive concepts round RWA to construct on E-Cash Community to convey progressive options to life. Candidates can submit a Request for Proposal (RFP) detailing their RWA software concepts. The $2 million grant pool will likely be distributed as seed capital to eligible initiatives..
Raj Bagadi, CEO of E-Cash Community, mentioned, “The RWA ecosystem remains to be in its nascent phases, 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. That's why we're launching our largest grant program to assist the subsequent era of entrepreneurs trying to reshape monetary markets with RWA functions.”
Analysis standards for grants
A gaggle of know-how consultants, advertising and marketing professionals, and skilled neighborhood members will make up the choice committee that can overview the grant functions. Functions for the grant program will likely be evaluated primarily based on the next standards:
- Venture Aims and Scope
- Projected impacts of the mission
- Venture Milestones and KPIs
- Deliberate Finances
- Staff particulars together with every workforce member's roles, duties and former expertise
- Product Roadmap
Every proposal ought to embrace at the very least three milestones with measurable KPIs, resembling consumer progress, TVL progress, or transaction quantity.
Relying on the aforementioned components, initiatives could also be eligible to win grants starting from $5,000 to $50,000 primarily based on their necessities and the dimensions of their product. Moreover, E Cash Community can even present grant program winners with mentorship from business consultants, authorized and compliance assist, advertising and marketing and progress assist, and networking alternatives with different RWA initiatives and E Cash Community core builders.
How you can Apply
builders and builders can be part of the #BUIDLonEMN initiative by filling out this grant software type and becoming a member of the E Cash Community grants channel on Discord. After submitting the appliance, a variety committee will consider the initiatives. These whose functions are accredited for the grant program will likely be notified with additional directions.
About E-Cash Community
E Cash Community is a regulated, modular RWA blockchain that acts as an L1 blockchain designed to allow seamless interoperability between DeFi 2.0 and RWA tokenization, successfully establishing a community that goals to bridge the liquidity hole between Net 2.0 and Net 3.0.
For extra info, please go to:
For media enquiries please contact: (e mail handle protected)
contact
Head of Advertising and marketing & Branding
Shivangini Agarwal
E-Cash Community
(e mail handle protected)
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