Everscale (Ex FreeTON) Grants Program Now Accepting Applications – Sponsored Bitcoin News

The developers of the Everscale (formerly FreeTON) Broxus network have announced the opening of their Everscale grant program. The grant program will provide crucial financial and professional support to promising IT startups that qualify.

November has been a busy month for the Everscale network. At first, the project, which was previously called FreeTON, announced that it would be renamed Everscale. The reasons for the change were related to the significant advancements that had been made in the network and its correlated ecosystem, compared to where it had started as FreeTON.

FreeTON was launched as an extension of the now discontinued Telegram open network. Once the development of this network ceased on Telegram’s side, the project became open source and a group of enthusiasts, which eventually became FreeTON, came together to try to realize the potential of the network.

A little further, however, community members and developers aware of the progress made in the development of the network determined that the project had grown into something bigger than before and deserved a new name and a new one. picture. The name Everscale was chosen because it reflects one of the most beneficial characteristics of the network, namely its infinite scalability.

The entire Everscale project is just over two years old, but the rebranding has come as enthusiasm mounts for some of the network’s new and upcoming products. Recently, the developers of Everscale Broxus announced that the Bridge network will enable its DAO protocol, making it completely community-controlled. The bridge connects the Everscale network with other blockchains and tokens, providing users with Layer 2 access with much cheaper and faster transactions.

Now Broxus has more news, this time of particular interest to those who have yet to become part of the Everscale ecosystem. Broxus has launched the Everscale Grants program which will provide financial and professional resources to promising tech startups that qualify.

Why apply for Everscale grants?

The Everscale Grants program is an ideal program for small startups who have a clear vision and talent, but who could use the injection of extra cash to get them across the finish line. Based on the applicant’s project, the grant program will provide them with the financial support they need to complete an MVP or milestone. To this end, Broxus has allocated 15 million EVER, the native token of the Everscale ecosystem, to distribute among companies that are accepted into the program.

Everscale (Ex FreeTON) Grants Program Now Accepting Applications - Sponsored Bitcoin NewsEverscale Grants has earmarked 15 million EVER for cutting-edge IT projects

In addition to financial resources, laureates will be offered advice and support in their development on all fronts. Everscale developers will be on hand to share their experience of integrating new projects into a blockchain and the community will also offer support in terms of commercializing new platforms and projects.

Everscale (Ex FreeTON) Grants Program Now Accepting Applications - Sponsored Bitcoin News

Perhaps more appealing than all of this, however, is the opportunity for a meaningful early integration into one of the most notable DeFi projects on the market. It’s still early days for Everscale, but as the rebranding signaled, the wheels have been set in motion. Currently, the network has a constellation of products contributing to its economy, including the bridge mentioned above, a DEX powered by Broxus, a dedicated wallet compatible with iOS, Android and desktop and much more.

Successful applicants will be given the resources they need to develop on their own, while also entering the ground floor of a DeFi juggernaut. Potential applicants can find the grant program guidelines here and can apply here.

About Everscale

Everscale is a unique new blockchain design that features a decentralized and scalable global computer, coupled with a distributed operating system. The network is based on a platform called Ever OS, capable of processing millions of transactions per second, with full Turing smart contracts and decentralized user interfaces.

Everscale features new and unique properties, such as dynamic multithreading, soft majority consensus, and distributed programming, that allow it to be scalable, fast and secure at the same time. It is governed by a decentralized community based on meritocratic principles via the Soft Majority Voting protocol.

Everscale has powerful development tools, such as compilers for Solidity and C ++, sdk and api, client libraries ported to more than 20 languages ​​and platforms, a range of browsers and decentralized portfolios allowing many applications in the fields DeFi, NFT, tokenization and governance.

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