E Money Network Unveils 2 Million RWA Grant Program to Lead RWA Ecosystem Development
Bengaluru, India, July 3rd, 2024, Chainwire
E Money Network, a modular blockchain tailored for Real World Assets (RWA), has unveiled the largest grant program ever seen in the crypto industry, with a total allocation of $2 million. This initiative aims to empower RWA projects to integrate and flourish within their blockchain ecosystem, thereby accelerating the growth of the RWA economy.
E Money Network’s Innovative Architecture Unleashes Unlimited Potential
E Money Network operates as a foundational Layer 1 blockchain dedicated to supporting RWA projects. Beyond providing a developer-friendly SDK for tailored functionalities, it offers pre-built modules such as KYC-compliant onboarding, banking services, staking mechanisms, and governance tools, which can be seamlessly integrated into applications. The platform also boasts interoperability through Inter-Blockchain Communication (IBC), facilitating seamless interaction with other IBC-compatible blockchains.
In anticipation of the Markets in Crypto Assets (MiCA) regulations, E Money Network has integrated compliance modules including Know Your Customer (KYC), Know Your Ownership (KYB), and Know Your Transaction (KYT). These features ensure that all entities and transactions within the E Money Network ecosystem are automatically MiCA compliant.
Goals of the Grant Program
As part of its #BUIDLonEMN initiative, E Money Network invites visionary developer teams to leverage its platform for creating groundbreaking RWA applications. Interested parties can submit detailed Requests for Proposals (RFPs) outlining their project ideas. The $2 million grant fund will serve as initial capital for eligible projects.
Raj Bagadi, CEO of E Money Network, emphasized, “The RWA ecosystem is still in its infancy. By fostering a multitude of RWA-specific applications, we aim to steer the trajectory of E Money Network towards pioneering advancements within the broader RWA landscape. Hence, we are launching this extensive grant program to empower the next generation of entrepreneurs who are reshaping financial markets through RWA innovations.”
Criteria for Grant Evaluation
A panel comprising technology experts, marketing professionals, and experienced community members will evaluate grant applications based on several criteria:
– Project objectives and scope
– Anticipated impact
– Milestones and Key Performance Indicators (KPIs)
– Budget projections
– Team composition, roles, responsibilities, and past experiences
– Product roadmap
Each proposal must include at least three milestones with measurable KPIs, such as user growth, Total Value Locked (TVL), transaction volume, etc. Depending on these factors, grants ranging from $5,000 to $50,000 will be awarded to projects that meet specific requirements and demonstrate scalable potential. Additionally, winners will gain access to mentorship from industry experts, legal and compliance guidance, marketing assistance, networking opportunities with other RWA projects, and direct engagement with E Money Network’s core developers.
How to Apply
Developers and innovators interested in joining the #BUIDLonEMN initiative can complete the grant application form available here and join E Money Network’s grant channel on Discord. Following the submission of applications, the selection committee will review and assess each project. Successful applicants will be notified promptly with further instructions.
About E Money Network
E Money Network stands as a regulated modular blockchain specializing in Real World Assets (RWA). Positioned as a Layer 1 blockchain, it facilitates seamless interoperability between DeFi 2.0 and RWA tokenization, bridging the liquidity gap between Web 2.0 and Web 3.0 environments.
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Contact:
Head of Marketing & Branding
Shivangini Agarwal
E Money Network
[email protected]