Findora $100M Ecosystem Fund

October 27, 2021 inDeFi Spotlight, News, Technical Updateby Findora

After the launch of open-staking on Findora Mainnet Beta, the release of Findora EVM on Testnet Forge, and the impending kickoff of Findora’s first $50K hackathon, today up to 20% of FRA total supply ($105.6M at the time of writing) is also being allocated as part of a multi-year community-led commitment to support Findora ecosystem research, development, infrastructure, and liquidity projects building upon Findora’s privacy-preserving technology.

Days after Findora EVM was released on Devnet in September, the Findora community of developers began experimenting with popular DeFi projects such as PancakeSwap, as well as everyone’s favorite OG NFT project CryptoKitties. Loot was even demonstrated on Findora, which had everyone wondering what’s next?

With so many different blockchain projects for developers to build upon, Findora stands out as having a purpose rooted in the spirit of the original cypherpunks to promote programmable privacy using advanced cryptography.  

Developers and validators can apply for grants via the Findora Foundation website to help seed their ideas and accelerate their growth. The Findora community will be able to vote on which projects get funded through a governance process administered by a DAO. Projects should meet the following criteria in order to qualify for grant funding:

  1. Projects must build a protocol or DApp directly on the Findora blockchain
  2. Projects must impact the Findora ecosystem in a meaningful way
  3. Projects should utilize Findora’s privacy technology such as zero-knowledge proofs

Get Involved

If you are a validator operator that is interested in staking on Findora Mainnet Beta, or a developer interested in building on Findora, then you can start by reading the documentation, joining the Discord channel and applying for a grant through the Findora Foundation website.

About Findora

Findora is a public blockchain with programmable privacy. Originally conceptualized as a university cryptography research project in 2017, and finally launched to the public in 2021, Findora utilizes the latest breakthroughs in zero-knowledge proofs and multi-party computation, to allow users transactional privacy with selective auditability. 

Findora is backed by Polychain, Powerscale Capital, Allchaineed, Cabin VC, Krypital Group, Axia8 Ventures and is partnered with dozens of companies and organizations including Tencent, BSN, MetisDAO, Taxa, Bank of Asia, Travel USA Express, MoneyMoov, IOTPay, YouWorld, Citcon, and Bayes. For more information, please visit findora.org.