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Bengaluru, India, July third, 2024, Chainwire
E Cash Community, a modular RWA blockchain, has launched the largest RWA grant program within the crypto area, totaling $2 million, to allow RWA initiatives to construct on their blockchain and speed up the event of the RWA financial system.
E Cash Community’s Structure Unlocks a World of Potentialities
E Cash Community is an L1 blockchain that acts as a foundational community for constructing RWA initiatives. Other than a developer-friendly SDK for personalized options, it additionally has normal ready-made modules corresponding to KYC verified onboarding, banking, staking, governance and extra that may be integrated immediately into functions. The E Cash Community helps interoperability with Inter-Blockchain Communication (IBC), permitting 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 adherence to the upcoming Markets in Crypto Property (MiCA) rules. These options make sure that each entity and transaction in an software constructed on the E Cash Community can be MiCA compliant by default.
Targets 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 produce modern options to life. Candidates can submit Requests for Proposals (RFPs) detailing their concepts for RWA functions . Its $2 million grant pool will probably be distributed as preliminary capital amongst eligible initiatives.
E Cash Community’s CEO Raj Bagadi quoted “RWA ecosystem is in its nascent phases, and constructing the RWA ecosystem with numerable RWA-specific functions will assist in shaping E Cash Community’s trajectory and spearheading new developments for the broader RWA ecosystem. Therefore, we’re launching the largest grant program to allow the subsequent technology of entrepreneurs searching for to rebuild the monetary markets with RWA functions.”
Analysis Standards for Successful Grants
A gaggle of expertise consultants, advertising professionals and skilled group members will kind the choice committee for reviewing grant functions. Functions to the grant program will probably be evaluated on the idea of the next standards –
Every proposal should embody at the very least three milestones with measurable KPIs corresponding to consumer progress, TVL enhance, transaction quantity, and so forth.
Relying on the afore-mentioned components, initiatives 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 consultants, authorized and compliance assist, advertising and progress assist, networking alternatives with different RWA initiatives and E Cash Community’s core builders.
How one can Apply
builders and builders can be a part of the #BUIDLonEMN initiative by filling out the grant software 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 undertaking. Profitable functions to the grant program will probably 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 info customers can go to: X | LinkedIn | Blogs | Whitepaper
For media queries, customers can contact: advertising@emoney.community
ContactHead of Advertising & BrandingShivangini AgarwalE Cash Communityadvertising@emoney.community
This text was initially printed on Chainwire