The Bahamut Foundation is excited to announce the launch of the Bahamut Grants program, supported by an impressive $10 million in $FTN funding.
In Brief
As part of its new Bahamut Grants initiative, the Bahamut Foundation is making notable progress in the Web3 space.
With the introduction of Bahamut Grants, the Bahamut Foundation is taking a major step forward in the ongoing evolution of Web3.
The program sets aside a robust fund of 10 million $FTN , designed for versatile allocation. It's worth mentioning that Bahamut serves as the primary blockchain platform within the Fastex Ecosystem, utilizing $FTN as its native token. Recently, Bahamut successfully underwent and passed security audits from CERTIK and HEXENS.
Grants will be available for projects developed on the Bahamut platform, encouraging the growth of various enterprises within the network. Bahamut distinguishes itself with its revolutionary POSA (Proof of Stake and Activity) consensus mechanism, where 'activity' pertains to how validators engage with applications created using smart contracts. This engagement enhances the probability of validators being selected to propose new blocks, thereby allowing them to earn greater rewards from the blockchain.
We invite individuals, businesses, organizations, and researchers to submit their applications and present their ideas for the program. This initiative promises essential support and funding, opening doors for participants to kickstart their journey and establish a solid business foundation on the web3 landscape. Key areas of interest for the Bahamut Foundation include bridges, multi-signature wallets, decentralized exchanges (DEXs), and RNG oracles. It's also vital for developers to know that Bahamut supports the Solidity programming language for projects on its network.
Applications should be submitted through the official Bahamut Grants portal where comprehensive details about the program and application protocol can be found.
To keep up with the latest updates from the Bahamut Foundation and its funding initiatives, feel free to join Bahamut’s official website , as well as community channels on Twitter and Discord .
All applications will be warmly received and meticulously reviewed by the Bahamut Foundation.
Disclaimer
In line with the Trust Project guidelines , it’s crucial to note that the content on this page is not intended nor should it be interpreted as legal, tax, investment, financial, or any other type of advice. Always remember to invest only what you can afford to lose and seek independent financial guidance if needed. For additional details, we recommend checking the terms, conditions, and support resources provided by the issuer or advertiser. MetaversePost is committed to delivering accurate and impartial news, but market conditions may change at any time without notice.