Bengaluru, India, July 3rd, 2024,
Chainwire
E Money Network, a modular RWA blockchain, has launched the
biggest RWA grant program in the crypto space, totaling $2
million, to enable RWA projects to build
on their blockchain and accelerate the development of the RWA
economy.
E Money Network’s Architecture Unlocks a World of
Possibilities
E Money Network is an L1 blockchain that acts as a
foundational network for building RWA projects. Apart from a
developer-friendly SDK for customized features, it also has
standard ready-made modules such as KYC verified onboarding,
banking, staking, governance and more that can be incorporated
directly into applications. The E Money Network supports
interoperability with Inter-Blockchain Communication (IBC),
allowing the development of applications that can communicate with
other IBC-compatible blockchains.
E Money Network has built-in compliance modules including Know
Your Customer (KYC), Know Your Ownership (KYB) and Know Your
Transaction (KYT) to enable adherence to the upcoming Markets in
Crypto Assets (MiCA) regulations. These features ensure that every
entity and transaction in an application built on the E Money
Network is also MiCA compliant by default.
Objectives of the Grant Program
As a part of its #BUIDLonEMN initiative, E Money Network invites
developer teams with disruptive RWA-centric ideas to build on the E
Money Network and bring innovative solutions to life. Applicants
can submit Requests for Proposals (RFPs) detailing their ideas for
RWA applications . Its $2 million grant pool will be
distributed as initial capital among eligible
projects.
E Money Network's CEO Raj Bagadi quoted "RWA ecosystem is in its nascent
stages, and building the RWA ecosystem with numerable RWA-specific
applications will help in shaping E Money Network’s trajectory and
spearheading new advancements for the wider RWA ecosystem. Hence,
we are launching the biggest grant program to enable the next
generation of entrepreneurs seeking to rebuild the financial
markets with RWA applications."
Evaluation Criteria for Winning Grants
A group of technology experts, marketing professionals and
experienced community members will form the selection committee for
reviewing grant applications. Applications to the grant program
will be evaluated on the basis of the following criteria -
- The project’s objective and scope
- The anticipated impact of the project
- The project’s milestones and KPIs
- Expected budget
- Team details including roles, responsibilities and prior
experience of each team member
- Product roadmap
Each proposal must include at least three milestones with
measurable KPIs such as user growth, TVL increase, transaction
volume, etc.
Depending on the afore-mentioned factors, projects can
become eligible to win grants ranging from $5000 to $50000 based on
requirements and scale of the product. Additionally, E Money
Network will also provide winners of the grant program access to
mentorship from industry experts, legal and compliance support,
marketing and growth support, networking opportunities with other
RWA projects and E Money Network’s core developers.
How to Apply
Interested developers and builders can join the #BUIDLonEMN
initiative by filling out the grant application form here and joining E Money Network’s grant
channel on Discord. After the
submission of the application, the selection committee will
evaluate the project. Successful applications to the grant program
will be notified along with further instructions.
About E Money Network
E Money Network is the regulated Modular RWA blockchain. It
serves as an L1 blockchain designed for seamless interoperability
between DeFi 2.0 and RWA tokenisation, effectively establishing a
network that aims to bridge the liquidity divide between Web 2.0
and Web 3.0.
For more information users can visit: X | LinkedIn | Blogs | Whitepaper
For media queries, users can contact: marketing@emoney.network
Contact
Head of Marketing &
Branding
Shivangini
Agarwal
E Money
Network
marketing@emoney.network