Ziqilla hopes to accelerate development on its ecosystem with a $5 million developer grant program. The blockchain platform announced on Tuesday that it would start receiving applications for the program. The grant covers individuals and team efforts to develop tools, libraries and decentralized apps (DApps) in the areas of finance, gaming, digital advertising, media, and more.
We are happy to announce the details of the “Zilliqa Ecosystem Grant Programme”. A grant pool of USD 5M (equiv.) will be available for developers to build on (and for) Zilliqa. More details on the programme and its scope are given in our blog post: https://t.co/OiwuZ0Xw02
— Zilliqa (No airdrops or ETH giveaways) (@zilliqa) June 19, 2018
The company disclosed the details of the program in a blog post by its CEO Xinshu Dong. According to the blog post, Zilliqa stated that the objective of the was to “support and encourage great individuals/teams around the world to start developing tools, libraries, and Dapps for the Zilliqa platform.”
The grant consists of a total pool worth $5 million which will be disbursed in ZIL, USD and/or ETH. Of the sum, at least 30 percent will be disbursed in its native token ZIL while the rest will be given in USD or ETH. The funds to will also be given to beneficiaries in at least three installments; an initial payment, milestone-based midterm payments, and a final payment. Besides the financial benefit, developers will be given access to technical advice and a feature of their DApps on the Zilliqa website and media channels.
Zilliqa is noted for its use of sharding technology to solve the issue of scalability. The company which started operations in 2017, is focused on building a blockchain platform with increased throughput; one that is secure and scalable.
Earlier in the year, the Zilliqa team introduced Scilla, an intermediate-level smart contract language to allow developers create more secure smart contracts. This followed a report that 34,000 active smart contracts were vulnerable to attacks. The ZIL token enjoyed massive gains in April moving past the $1 billion mark in market cap for the first time. Much of that gain has been shed and the token trades at $0.083710 with a market cap of $634,180,313.
Zilliqa claims to have the best heads working together to improve the blockchain infrastructure; a team including leading academics, engineers, and entrepreneurs. Its Head of Business Development, En Hui Ong noted,
[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]“We have built a very strong community of technical people around Zilliqa, […] We would like to encourage our community and anyone else who is interested in our vision to contribute to our platform – which is open source and open for anyone to use for developing secure, high-throughput smart contract applications.”[/perfectpullquote]
Developers can apply for the grant by filling the form here, (https://goo.gl/forms/cD9m8Hv3yM10h6gl1)