Velas Launches $100 Million Funding Program
6 min reading
Content
Show- Investments
- Advantages
- Investment Criteria
- Application Process
-
FAQ
- Who can receive a grant?
- How do I apply?
- What are the project requirements?
- Can I make suggestions on grant/investment categories, processes, or anything else?
- What is the proposed investment?
- Why develop on the basis of Velas?
- What is a decentralized application?
- What is the application process?
- How long will the program last?
Explore more from Velas
The Velas team is very pleased to announce the launch of a $100 million grant to grow the Velas ecosystem and expand our presence in the Web 3.0 era.
We are launching a grand program to fund development based on the Velas blockchain, which will contribute to the introduction of advanced technologies in the fastest blockchain on the planet for a total of $ 100,000,000.
We want to attract projects and developers to join our ecosystem where Velas blockchain-based products are created that provide privacy, transparency, and convenience for the end user. In order to deploy your application from Ethereum in a matter of minutes, you just need to transfer your code to Velas or develop a project on our own network.
Investments
Financing of one project can be up to $100,000. And the grants program aims to fund projects that cover a wide range of topics including:
- DeFi-related and DEX-related products.
- NFT-related solutions.
- Games and gaming:
- Educational — games that ease entrance for those not familiar with blockchain technology or background.
- Innovative games uniting blockchain and cryptocurrencies with AI, VR/AR, and other high-tech domains. We will support teams and developers who are more experienced in high-tech domains with their development on blockchain.
- Crypto gamification.
- Other games (strategies, collectibles, card games, etc).
- dApps that unite the Velas blockchain with traditional sectors — Banking, Healthcare, Manufacturing, etc. We support teams from different domains who use blockchain to solve real business problems.
- Adoption of dApps — solutions that aid the adoption of cryptocurrencies and blockchain on a wide scale.
We also want to reward developers who implement solutions that increase the decentralization and transparency of the Velas blockchain.
Each of the submitted projects will be hosted on Github. The development team is allowed to apply for more than one grant, but they must successfully complete previously started projects before they can receive additional funding.
Advantages
Recruiting
We encourage startups to hire the best professionals in their field such as engineers, community builders, developers, etc.
Networking
We make efforts to help startups make connections with investors, accelerators, and funds.
Marketing
And we help start-ups interact with influencer exchanges and run successful marketing campaigns.
Grants
We provide funding to developers who create new tools to increase the utility of the blockchain.
Technical
If necessary, our developers will help startups from the technical side.
Research work
We provide the opportunity to conduct any kind of research for each startup before entering the market to explore opportunities.
Investment Criteria
- We want to see the goals and scope of the project that the startup has if they are funded by Velas.
- We need a business plan or a technical document for a project.
- The main condition for a startup is that its project or product be built on the Velas blockchain.
- We need the technical specifications and value proposition that a specific initiative provides.
- Velas needs experienced teams with knowledge of their business.
- Go to market strategy and user acquisition plan.
- Each startup must provide deadlines for the completion of tasks, target results at each stage, as well as the efforts that will be required to complete the tasks.
- A startup must indicate the required amount of funding and a convenient payment method.
- We would like to know how exactly your project will benefit the Velas blockchain.
- Summary and presentation.
All code that will be created under the sponsorship funding must be open source and not be linked to closed source software to ensure full functionality. Velas also takes copyright compliance very seriously. Therefore, the use of someone else's work without attribution or indication that this is not your work will lead to the termination of cooperation. If you have any questions regarding licensing, then you can contact us and we will definitely help you in this matter.
Application Process
- If you want to join the Velas team then you need to fill out an application for participation in the grant program.
- If you want to submit a team application, then it must be submitted by one representative of the project and contain all relevant contact information for the experience and portfolio of all team members who will be involved in the development of solutions based on Velas.
- Each application will be reviewed within 14 business days. The results of the selection will be sent to the e-mail that you specify when submitting the application.
- In the event that your application is approved, we will need further communication in order to determine specific details including payment terms and schedules.
- Feedback from a startup occurs throughout the process of providing funding.
FAQ
Who can receive a grant?
The team was prepared to fund any qualified specialist who will benefit from the Velas blockchain. This also applies to development teams, established projects, and in general to anyone who can help develop the Velas ecosystem.
How do I apply?
You can apply at any time. To get started, click here.
What are the project requirements?
Each application must be written in English. All who participate in the funding program must maintain a high level of personal and professional ethics and morals.
Can I make suggestions on grant/investment categories, processes, or anything else?
Sure you can. We welcome any feedback suggestions and discussion. You can send your offer to our e-mail: [email protected].
What is the proposed investment?
The more complex your project and the more it is aimed at developing the Velas ecosystem, the more funding will be available (up to $100,000). You can request another funding but for this, you need to complete the previous project.
Why develop on the basis of Velas?
The Velas grant program is designed to bring cutting-edge technology to our blockchain to expand it and reach new audiences.
What is a decentralized application?
dApps or decentralized applications is a software application that runs on a distributed network. The application must run on the Velas blockchain.
What is the application process?
The application process consists of four stages, including initial concept approval, a team within 2-4 weeks - a face-to-face meeting with the founders - high-level research of the company - a request for conditions, and a second meeting.
How long will the program last?
On average, the funding period lasts about six months.
Contacts
We are very happy to accept developers into our team who will make a significant contribution to the development of the Velas blockchain ecosystem. We welcome the expansion of our blockchain use cases along with its benefits which include high throughput and TPS. Thanks to the funding program from Velas, we will be able to make our blockchain the most attractive and powerful in the entire crypto world.
For full technical information on the Velas funding program, click HERE.