In a move aimed at revolutionizing the crypto space, E Money Network has recently rolled out the largest grant program ever seen in the world of RWA blockchain projects. With a staggering $2 million up for grabs, the program is set to pave the way for innovative RWA applications to flourish and thrive on the E Money Network ecosystem.
E Money Network’s Architecture
E Money Network stands out as an L1 blockchain that provides a solid foundation for the development of RWA projects. Beyond offering a user-friendly Software Development Kit (SDK) for tailored features, it boasts a range of pre-built modules like KYC verified onboarding, banking, staking, governance, and more that can be seamlessly integrated into applications. The platform’s support for Inter-Blockchain Communication (IBC) also facilitates seamless interaction with other IBC-compatible blockchains, opening up a world of opportunities for developers.
Compliance and Regulation
One of the standout features of the E Money Network is its built-in compliance modules, including Know Your Customer (KYC), Know Your Ownership (KYB), and Know Your Transaction (KYT). These modules are designed to ensure adherence to the upcoming Markets in Crypto Assets (MiCA) regulations, thereby guaranteeing that every entity and transaction within an E Money Network application is compliant by default.
Under the #BUIDLonEMN initiative, E Money Network is calling on developer teams with groundbreaking RWA-centric concepts to leverage the platform and turn their ideas into reality. Interested parties can submit detailed Requests for Proposals (RFPs) outlining their vision for RWA applications. The $2 million grant pool will be allocated as seed funding to selected projects, paving the way for the next wave of entrepreneurs looking to reshape the financial landscape with RWA technologies.
Evaluation Criteria for Winning Grants
A panel comprising technology experts, marketing professionals, and seasoned community members will assess grant applications based on several key criteria. These include the project’s objectives, anticipated impact, milestones and Key Performance Indicators (KPIs), budget projections, team composition, and product roadmap. Projects that demonstrate clear milestones with measurable KPIs stand to receive grants ranging from $5,000 to $50,000, along with access to mentorship, legal and compliance assistance, marketing support, networking opportunities, and guidance from E Money Network’s core developers.
Developers and builders interested in tapping into the grant program can join the #BUIDLonEMN initiative by completing the grant application form and becoming part of E Money Network’s grant channel on Discord. Following the submission of applications, the selection committee will evaluate each project before notifying successful candidates and providing them with further guidance on the next steps.
About E Money Network
E Money Network stands as a regulated Modular RWA blockchain that seeks to bridge the gap between DeFi 2.0 and RWA tokenization. By establishing a network that fosters interoperability and liquidity between Web 2.0 and Web 3.0, the platform is set to pave the way for a new era of innovation and growth within the RWA ecosystem.
E Money Network’s grant program represents a landmark opportunity for developers and entrepreneurs to harness the power of blockchain technology and drive forward the evolution of RWA projects. With a focus on compliance, innovation, and community support, the program is poised to unlock a wealth of possibilities and create a thriving ecosystem of RWA applications.