E Money Network, a layer one blockchain, serves as a foundational network for developing Real-World Asset (RWA) projects. It provides a comprehensive suite of tools and features that facilitate the creation of compliant, interoperable, and innovative applications.
Key Features and Modules
Developer-Friendly SDK: E Money Network offers a Software Development Kit (SDK) that allows developers to create customized features for their applications.
Ready-Made Modules: The network includes several pre-built modules that can be directly integrated into applications, such as:
- KYC Verified Onboarding
- Banking
- Staking
- Governance
Interoperability with IBC: The E Money Network supports Inter-Blockchain Communication (IBC), enabling applications to interact with other IBC-compatible blockchains seamlessly.
Built-In Compliance: E Money Network comes with built-in compliance modules, including KYC (Know Your Customer), KYB (Know Your Business), and KYT (Know Your Transaction). These modules ensure that every entity and transaction is compliant with the upcoming Markets in Crypto Assets (MiCA) regulations by default.
Grant Program: #BUIDLonEMN Initiative
To foster innovation and development within the RWA ecosystem, E Money Network has launched a grant program under its #BUIDLonEMN initiative. The program aims to support developer teams with disruptive RWA-centric ideas by providing financial resources and support.
Objectives
The grant program seeks to:
- Encourage the development of RWA applications on the E Money Network.
- Shape the network’s trajectory and advance the wider RWA ecosystem.
- Provide initial capital to eligible projects from a $2 million grant pool.
Evaluation Criteria
Applications will be reviewed by a selection committee composed of technology experts, marketing professionals, and experienced community members. The criteria for evaluation include:
- Project Objective and Scope
- Anticipated Impact
- Milestones and KPIs: Each proposal must include at least three measurable milestones such as user growth, Total Value Locked (TVL) increase, and transaction volume.
- Budget
- Team Details: Roles, responsibilities, and prior experience of each team member.
- Product Roadmap
Projects can win grants ranging from $5,000 to $50,000 based on their requirements and scale. Additionally, winners will receive mentorship, legal and compliance support, marketing and growth assistance, and networking opportunities.
Source: dailyhodl.com
