Developers of the Everscale (formerly FreeTON) network have announced the rollout of the Everscale Grants program, designed to help launch tech startups and onramp them into the Everscale blockchain.
LA CHAUX-DE-FONDS, SWITZERLAND / ACCESSWIRE / December 19, 2021 / The Everscale DeFi Alliance has allocated 15,000,000 EVERs, the native token of the Everscale network, to a grant pool to be distributed to applicants that meet the program requirements and stand to add value to the network’s ecosystem.
The rollout of the Grants program comes in the midst of a sea-change for the Everscale ecosystem. Earlier this year, the project announced that it would be rebranding from its original iteration as FreeTON to Everscale.
The rebranding was deemed necessary by the Everscale network and the community due to the significant progress that has been made on the development front. The key technical change underlying the rebranding consists of the network’s shift from its original C++ nodes to its superior inhouse Rust nodes. The implementation of Rust nodes adds considerably to the network’s already robust scaling capabilities. The new identity of the network, as Everscale, reflects the limitless scaling potential of the blockchain.
Along with the rebranding, the Everscale network has recently activated the DAO protocol in its poly-network cross-chain bridge. The DAO Bridge, powered by Everscale network developers Broxus, is the first of its kind in the DeFi industry and represents a significant milestone for the ecosystem, greatly expanding its offerings for users while also cementing its place as a lynchpin in the diverse fabric of the DeFi industry.
Thanks to the scaling capabilities of Everscale and its low-cost transactions, the Bridge allows users of other blockchains to utilize it as a secondary interface where they can transfer their funds across blockchains at higher speeds and much lower costs.
Applying for Everscale Grants
The launch of the Everscale…
