Bengaluru, India, July 3, 2024 Chainwire
E Cash Community, RWA’s modular blockchain, has launched the most important RWA grant program within the crypto area, for a complete of $2 millionin an effort to RWA tasks construct on their blockchain and speed up the event of the RWA financial system.
The structure of the E Cash community opens up a world of potentialities
The E Cash Community is an L1 blockchain that acts as a foundational community for the creation of RWA tasks. Other than a developer-friendly SDK for customizable options, it additionally has commonplace ready-made modules like KYC-verified onboarding, banking, bidding, administration and extra that may be straight included in apps. The E Cash Community helps Inter-Blockchain Communication (IBC), enabling the event of purposes 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 make sure compliance with future Markets in Crypto Belongings (MiCA) rules. These options make sure that each object and transaction in an software constructed on high of the E Cash Community can be MiCA compliant by default.
Goals of the grant program
As a part of its #BUIDLonEMN initiative, the E Cash Community invitations growth groups with breakthrough concepts centered on RWAs to construct the E Cash Community and produce revolutionary options to life. Candidates might submit Requests for Proposals (RFPs) detailing their concepts for RWA purposes. Its $2 million grant fund can be distributed as seed capital amongst eligible tasks.
E Cash Community CEO Raj Bagadi was quoted as saying, “The RWA ecosystem is in its infancy, and constructing an RWA ecosystem with a number of RWA-specific purposes will assist form the trajectory of E Cash Community and lead new developments for the broader RWA ecosystem. So we’re launching the most important grant program ever to empower the following technology of entrepreneurs who’re dedicated to reinventing monetary markets with RWA purposes.”
Analysis standards for receiving grants
A panel of know-how specialists, advertising professionals and educated group members will type a variety committee to assessment grant purposes. Purposes for participation within the grant program can be evaluated based mostly on the next standards –
- Function and scope of the mission
- Anticipated impact of the mission
- The primary phases and KPIs of the mission
- Anticipated price range
- Staff particulars, together with the roles, tasks and former expertise of every workforce member
- Product roadmap
Every provide ought to embody no less than three phases with measurable KPIs similar to person development, TVL improve, transaction quantity, and so forth.
Relying on the above elements, tasks could also be eligible for grants starting from $5,000 to $50,000 relying on the necessities and scope of the product. As well as, E Cash Community may even present grant program winners with entry to mentorship from business specialists, authorized and compliance help, advertising and development help, networking alternatives with different RWA tasks and E Cash Community core builders.
Learn how to apply
builders and builders can be part of the #BUIDLonEMN initiative by filling out the grant software type right here and becoming a member of the E Cash Community grants channel on Discord. After submitting the appliance, the choice committee will consider the mission. Profitable purposes for the grant program can be notified with additional directions.
Concerning the community of digital cash
E Cash Community is a regulated Modular RWA blockchain. It serves as an L1 blockchain designed for seamless compatibility between DeFi 2.0 and RWA tokenization, successfully making a community that goals to bridge the liquidity hole between Internet 2.0 and Internet 3.0.
For extra data, customers can go to:
For media points, customers can contact: [email protected]
Contact
Head of Advertising and Branding Division
Shivangini Aggarwal
E Cash Community
[email protected]
