On July 3, 2024, in Bengaluru, India, the architecture of E Money Network opens up a plethora of opportunities. Positioned as a layer one blockchain, E Money Network serves as the foundational network for constructing RWA projects. Alongside a developer-friendly SDK for tailored features, it offers pre-built standard modules including KYC verified onboarding, banking, staking, governance, and more, which can be seamlessly integrated into applications.

Facilitating interoperability with IBC (inter-blockchain communication), E Money Network enables the creation of applications capable of interacting with other IBC-compatible blockchains. The platform includes compliance modules like KYC (know your customer), KYB (know your business), and KYT (know your transaction) to ensure adherence to upcoming MiCA (Markets in Crypto Assets) regulations. These features guarantee that every entity and transaction within an application on E Money Network automatically complies with MiCA standards.

Grant Program Objectives: As part of the #BUIDLonEMN initiative, E Money Network calls upon developer teams with innovative RWA-centric concepts to leverage the network and bring novel solutions to fruition. Applicants can present RFPs outlining their RWA application ideas, with the $2 million grant pool allocated as initial funding for qualifying projects.

CEO Raj Bagadi articulates, “The RWA ecosystem is in its early stages, and fostering a landscape of RWA-specific applications will shape E Money Network’s trajectory and drive new advancements within the broader RWA ecosystem. Hence, we are initiating the largest grant program to support the next wave of entrepreneurs looking to revolutionize financial markets through RWA applications.”

Criteria for Grant Evaluation: A panel of technology specialists, marketing professionals, and seasoned community members will evaluate grant applications. Assessment will be based on factors such as project objectives, expected impact, milestones, budget, team composition and experience, and product roadmap. Proposals must include at least three milestones with measurable KPIs such as user growth, TVL increase, and transaction volume. Grants ranging from $5,000 to $50,000 will be awarded based on project requirements and magnitude.

Moreover, E Money Network will offer grant winners mentorship from industry experts, legal and compliance aid, marketing and growth support, and networking opportunities with other RWA projects and the core developers of E Money Network.

Application Process: Developers interested in participating can join the #BUIDLonEMN initiative by completing the grant application form provided on the website and joining E Money Network’s grant channel on Discord. Upon application submission, the review committee will assess the projects, and successful applicants will receive notification along with further guidance.

About E Money Network: E Money Network functions as a regulated modular RWA blockchain, serving as a layer one blockchain dedicated to seamless interoperability between DeFi 2.0 and RWA tokenization. By bridging the liquidity gap between Web 2.0 and Web 3.0, the network aims to establish a cohesive ecosystem.

For further information, users can visit the official links provided:
X |
LinkedIn |
Blogs |
Whitepaper

For inquiries, contact Shivangini Agarwal, head of marketing and branding at E Money Network.

(Note: This content is sponsored and promotional. The opinions expressed belong to the author and not The Daily Hodl. Investors are advised to conduct due diligence before engaging in high-risk investments in ICOs, blockchain startups, or cryptocurrencies. Investments carry inherent risks, and any losses incurred are the investor’s responsibility.)

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