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  • E Money Network Launches $2 Million RWA Grant Program To Spearhead RWA Ecosystem

E Money Network Launches $2 Million RWA Grant Program To Spearhead RWA Ecosystem

July 03, 2024

July 3, 2024 – Bengaluru, India

E Money Network’s architecture unlocks a world of possibilities

E Money Network is a layer one 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 IBC (inter-blockchain communication), allowing the development of applications that can communicate with other IBC-compatible blockchains.

E Money Network has built-in compliance modules including KYC (know your customer), KYB (know your business) and KYT (know your transaction) to enable adherence to the upcoming MiCA (Markets in Crypto Assets) 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 RFPs (requests for proposals) detailing their ideas for RWA applications. Its $2 million grant pool will be distributed as initial capital among eligible projects.

Raj Bagadi, CEO of E Money Network, said,

“The 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 and more.

Depending on the aforementioned factors, projects can become eligible to win grants ranging from $5,000 to $50,000 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 and 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 a layer one blockchain designed for seamless interoperability between DeFi 2.0 and RWA tokenization, 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 the links below.

Contact

Shivangini Agarwal, head of marketing and branding at E Money Network

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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