E Money Network starts RWA subsidy program worth $ 2 million to advance the RWA ecosystem
E Money Network starts RWA subsidy program worth $ 2 million to advance the RWA ecosystem
Bengaluru, India, July 3, 2024, Chainwire
e Money Network, a modular RWA blockchain, launched the largest RWA subsidy program in the crypto sector. A total of $ 2 million rwa projects to build on your blockchain and to accelerate the development of the RWA economy.
The architecture of the E Money Network opens a world full of possibilities
e-money network is an L1 blockchain that serves as a basic network for the establishment of RWA projects. In addition to a developer-friendly SDK for custom functions, it also has prefabricated standard modules such as KYC-tested onboarding, banking, staking, governance and more that can be integrated directly into applications. The E Money Network supports interoperability with Inter-Blockchain Communication (IBC) and thus enables the development of applications that can communicate with other IBC-compatible blockchains.
e Money Network has integrated compliance modules such as Know your Customer (KYC), Know your ownership (KYB) and Know Your Transaction (KYT) to enable the upcoming markets in Crypto Assets (Mica) regulations. These functions ensure that every entity and transaction in an application based on the E Money Network is also a mica-compliant.
goals of the scholarship program
As part of his initiative #buidlonemn, E Money Network Developer teams with groundbreaking RWA-centered ideas are invited to further expand the E Money Network and implement innovative solutions. Applicants can submit tenders (RFPS) in which they describe their ideas for RWA applications in detail. The subsidy pool of $ 2 million is distributed to eligible projects as start-up capital. .
CEO from E Money Network Raj Bagadi cited: "The RWA-Ökosystem is still in the initial phase and the structure of the RWA-ÖKOSYSTAGE with numerous RWA-specific applications will help to create the development of the E Money Network and to advance new progress for the broader RWA ecosystem.
evaluation criteria for the granting of grants
A group of technology experts, marketing experts and experienced community members forms the selection committee to check the grant applications. Applications for the subsidy program are assessed based on the following criteria:
- goal and scope of the project
- The expected effects of the project
- The milestones and KPIs of the project
- expected budget
- Team details, including roles, responsibilities and previous experience of each team member
- product roadmap
Every proposal must contain at least three milestones with measurable KPIs such as user growth, tvl increase, transaction volume, etc. Depending on the factors mentioned above, projects can receive grants of $ 5,000 to $ 50,000 depending on the requirements and scope of the product. In addition, e Money Network offers the winners of the subsidy program access to mentoring by industry experts, legal and compliance support, marketing and growth support as well as networking options with other RWA projects and the core developers of E Money Network.
application
Interested developers and builders can join the #buidlonemn initiative by filling out the application form for grants. here and the accession to the grant channel from e money network on Zwietracht . After submitting the application, the selection committee evaluates the project. Successful applications for the scholarship program are notified together with further instructions.via e money network
e Money Network is the regulated modular RWA blockchain. It serves as a L1 blockchain, which was developed for seamless interoperability between Defi 2.0 and RWA tokenization, and effectively establishes a network that is supposed to bridge the liquidity clamp between Web 2.0 and Web 3.0.
Further information can be found at:
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contact
Head of Marketing & Branding Shivangini Agarwal
e-money network
Source: Coinlist.me
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