In Brief:
- On the Findora Mainnet Beta, staking and delegation would be possible.
- Through the initiative, developers will be able to apply for grants.
- Stakeholders have the opportunity to earn a yearly reward rate of up to 250%.
The leading privacy-centric blockchain, Findora, launched a $100M fund to quicken the platform’s growth and development.
The $100M fund will be used to assist Findora ecosystem research, development, and infrastructure projects that rely on Findora’s privacy-preserving technology.
Staking, delegation, and chance to modify the existing code will be available on Findora Mainnet Beta after over three months of testing.
Stakers will be able to earn an annualized reward rate of up to 250 percent by staking on the Findora Mainnet Beta.
Through a governance process overseen by a Decentralized Autonomous Organization(DAO), the Findora community will be able to vote on which projects will be funded.
To be eligible for grant funding, projects must run a staked validator and/or build a protocol, platform, or DApp directly on the Findora blockchain. It must use privacy-preserving technology and has a significant impact on the Findora ecosystem.
Recently blockchain startup SIMBA Chain has raised a $25M in Series A funding round led by Venture Capital Partners.
