Bengaluru, India, July 3rd, 2024, Chainwire
 
E Money Network, a modular RWA blockchain, has launched the biggest RWA grant program in the crypto space, totaling $2 million, to enable RWA projects to build on their blockchain and accelerate the development of the RWA economy.&nbsp;
E Money Network’s Architecture Unlocks a World of Possibilities
<a href="https://emoney.io/" rel="nofollow noopener" target="_blank">E Money Network</a> is an L1 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 Inter-Blockchain Communication (IBC), allowing the development of applications that can communicate with other IBC-compatible blockchains.&nbsp;
E Money Network has built-in compliance modules including Know Your Customer (KYC), Know Your Ownership (KYB) and Know Your Transaction (KYT) to enable adherence to the upcoming Markets in Crypto Assets (MiCA) regulations. These features ensure that every entity and transaction in an application built on the E Money Network is also MiCA compliant by default.&nbsp;
Objectives of the Grant Program&nbsp;
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 Requests for Proposals (RFPs) detailing their ideas for RWA applications . Its $2 million grant pool will be distributed as initial capital among eligible projects.
<blockquote>
 E Money Network's CEO <a href="https://x.com/raj_bagadi" rel="nofollow noopener" target="_blank">Raj Bagadi</a> quoted "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."
</blockquote>
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 -
<ol>
 <li>The project’s objective and scope</li>
 <li>The anticipated impact of the project</li>
 <li>The project’s milestones and KPIs</li>
 <li>Expected budget</li>
 <li>Team details including roles, responsibilities and prior experience of each team member</li>
 <li>Product roadmap</li>
</ol>
Each proposal must include at least three milestones with measurable KPIs such as user growth, TVL increase, transaction volume, etc.&nbsp;
Depending on the afore-mentioned factors, projects&nbsp;can become eligible to win grants ranging from $5000 to $50000 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, networking opportunities with other RWA projects and E Money Network’s core developers.&nbsp;
How to Apply
Interested developers and builders can join the #BUIDLonEMN initiative by filling out the grant application form <a href="https://form.typeform.com/to/c3qyhAq3" rel="nofollow noopener" target="_blank">here</a> and joining E Money Network’s grant channel on <a href="https://discord.com/invite/emoneynetwork" rel="nofollow noopener" target="_blank">Discord</a>. 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.&nbsp;
About E Money Network
E Money Network is the regulated Modular RWA blockchain. It serves as an L1 blockchain designed for seamless interoperability between DeFi 2.0 and RWA tokenisation, 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: <a href="https://twitter.com/emoney_network" rel="nofollow noopener" target="_blank">X</a> | <a href="https://www.linkedin.com/company/emoneynetwork/" rel="nofollow noopener" target="_blank">LinkedIn</a> | <a href="https://blog.emoney.io/" rel="nofollow noopener" target="_blank">Blogs</a> | <a href="https://whitepaper.emoney.network/" rel="nofollow noopener" target="_blank">Whitepaper </a>&nbsp;
For media queries, users can contact: <a href="mailto:marketing@emoney.network" rel="nofollow noopener" target="_blank">marketing@emoney.network</a>
 
<h5>Contact</h5>Head of Marketing &amp; Branding Shivangini Agarwal E Money Network marketing@emoney.network 
 
 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

E Money Network launches $2 MILLION RWA Grant Program to spearhead RWA ecosystem (3 Jul)

Chainwire

Outros artigos publicados em 3 de jul. de 2024

Oil King Pepe Surges to $7.5 Million, Prepares to Skyrocket Another 18,000% Ahead of KuCoin Listi...

Mysterious Fresh Cryptocurrency Whale Withdraws 14 Altcoins Worth A Total Of $120 Million From Bi...

Cardano Chang Hard Fork Is Almost Here, Should We Expect A Repeat Of 2021?

Bitcoin Wallet Accumulation With 10+ Coins Hits All-Time High

Will Optimism (OP) Sustain Its Uptrend at Key Support Level? Render Token (RNDR) Echoes Bitcoin’s...

Crypto exchange Backpack hires Citibank veteran as head of audit

Join our free newsletter for daily crypto updates!