Conflux Blockchain Announces Ecosystem Grants Program

Conflux Blockchain Announces Ecosystem Grants Program

Blockchain startup Conflux has announced its Conflux Ecosystem Grants Program, paid in the blockchain’s native CRX token, for building out the Conflux ecosystem, according to a release from the firm.

  • As reported by CoinDesk, Conflux is a Chinese state-backed blockchain platform for decentralized applications (dapps).
  • Grants will be paid in the platform’s native token, CFX, in values equivalent to $15,000 and $50,000 for both projects and firms respectively.
  • Tier 1 grants are designed to fund approved developers “creating tooling, interoperability bridges, oracle infrastructure, and other vital ecosystem components.”
  • Tier 2 grants will be distributed to companies willing to commit to building on the Conflux blockchain that have already demonstrated a measure of product-market fit.
  • The grant fund was released in concert with the launch of Conflux’s phase two-of-three network rollout.
  • Applications opened Monday.
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