Bengaluru, India, July 3, 2024, Chainwire
E Money Network, a modular RWA blockchain, has launched the largest RWA grant program in the crypto space, for a total of 2 million dollarsto allow RWA Projects to develop its blockchain and accelerate the development of the RWA economy.
The architecture of E Money Network opens up a world of possibilities
E Money Network is an L1 blockchain that acts as a foundation network for building RWA projects. In addition to a developer-friendly SDK with custom features, it also features ready-to-use standard modules such as KYC-verified onboarding, banking, staking, governance, and more that can be directly incorporated into applications. E Money Network supports interoperability with Inter-Blockchain Communication (IBC), allowing for 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 Owner (KYB), and Know Your Transaction (KYT), to enable compliance with the upcoming Markets in Crypto Assets (MiCA) regulations. These features ensure that all entities and transactions in an application built on E Money Network are also MiCA compliant by default.
Scholarship Program Objectives
As part of its #BUIDLonEMN initiative, E Money Network invites developer teams with disruptive RWA-focused ideas to leverage 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 fund will be distributed as seed money among eligible projects..
E Money Network CEO Raj Bagadi said, “The RWA ecosystem is in its early stages and building such an ecosystem with numerous RWA-specific applications will help shape the trajectory of E Money Network and spearhead new advancements for the RWA ecosystem at large. We are therefore launching the largest grant program to help the next generation of entrepreneurs looking to rebuild financial markets with RWA applications.”
Evaluation criteria for obtaining grants
A group of technology experts, marketing professionals, and experienced community members will form the selection committee to review grant applications. Applications to the grant program will be evaluated based on the following criteria:
Each proposal should include at least three milestones with measurable KPIs such as user growth, TVL increase, transaction volume, etc.
Depending on the above-mentioned factors, projects may be eligible to win grants ranging from $5000 to $50000 depending on the requirements and scale of the product. In addition, E Money Network will also provide the grant program winners with access to mentorship from industry experts, legal and compliance support, marketing and growth support, networking opportunities with other RWA projects and the E Money Network core developers.
How to apply
Interested developers and builders can join the #BUIDLonEMN initiative by completing the grant application form here and joining the E Money Network grant channel on Discord. After submitting the application, the project will be evaluated by the selection committee. Successful applications for the grant program will be notified along with further instructions.
About E Money Network
E Money Network is the regulated RWA modular blockchain. It operates as an L1 blockchain designed for seamless interoperability between DeFi 2.0 and RWA tokenization, effectively establishing a network that aims to bridge the liquidity gap between Web 2.0 and Web 3.0.
For more information, users can visit: X | LinkedIn | Blogs | Whitepaper
For media inquiries, users may contact: [email protected]
ContactHead of Marketing and BrandingShivangini AgarwalElectronic money network[email protected]
This article was originally published on Chainwire
