IOST Foundation 100 Million Dollar Fund to Foster the Growth of an EVM Multi-Chain Ecosystem
IOST Foundation, together with top venture capital institutions and ecosystem partners, is thrilled to launch a 100 Million Dollar Exclusive Incentive Fund for EVM developers, aiming to incubate next-gen all-star projects and propel exponential growth of IOST’s multi-chain ecosystem.
The newly announced 100 Million Dollar Fund under Project Entroverse targets developers worldwide, consisting of the “New Ecosystem Fund” and the “Accelerator Fund”.
- The New Ecosystem Fund will be used to expand IOST’s on-chain applications, mainnet infrastructure, and tools.
- The Accelerator Fund will provide capital, FA, and incentive bonuses to development teams and projects through IOST.
The IOST Foundation funds the grant in conjunction with its top-tier investment institutions, partners, and nodes. The leading investor of the fund is Big Candle Capital. The scope of this exclusive fund is not limited to applicants developing Dapps on the IOST chain exclusively; all outstanding projects deployed on other EVM-compatible chains with multi-chain development plans are also welcome to apply for support.
Big Candle Capital (BCC) plans to focus on supporting projects at various stages of development on DeFi, NFT, GameFi, Web 3, and Metaverse-based DApps. However, all innovative teams and ideas are welcome! On top of that, BCC also provides auxiliary services such as funding, technology, token model, advertising, community building, and connections with exchanges for the invested projects.
IOST and Big Candle Capital to Light Up Together
The top-tier talents from BCC will be facilitating IOST with technology, operations, investment management, research and analysts, secondary market operations, and more. In addition, Big Candle Capital’s plan to expand its worldwide connections and business network including top exchanges, developers, wallets and media shall add more valuable resources to IOST and its Dapps.
“The cooperation between IOST & BCC, and subsequently the launch of the IOST 100 million dollar fund for the EVM developers is a game-changer for the IOST Ecosystem. This incentive program offers long-term support for potential developers and projects, adding more killer Dapps on the IOST blockchain while strengthening our global infuencer and the value of IOST for its long-term hodlers.”— Blake Jeong, IOST CMO
IOST Foundation is looking forward that all individuals, teams, and organizations that join the upcoming IOST multi-chain ecosystem have confidence in the projection of the crypto industry and are willing to grow together with IOST to build the world’s most extensive decentralized economic system and create magnificent applications that can drive traffic in multiple mainstream public chains, and obtain corresponding returns in the process.
ABOUT IOST
IOST is a pioneering decentralized, high-throughput, gas-efficient Proof-of-Believability-powered smart contract platform built to tackle the scalability trilemma once and for all. Being one of the public chain leaders in terms of adoption, performance, and utility, IOST currently has the ever-expanding 620,000 IOST holders in over 30 countries, over 400 nodes, a top staking economy, symbiotic relationships with corporations dotted worldwide.
ABOUT Big Candle Capital
Big Candle Capital is a venture capital firm established in 2017 by the IOST Foundation in conjunction with a handful of top-tier investment institutions and ecosystem partner nodes. Focused on investments in the primary and secondary, BCC is a leading fund in the crypto industry, owning proprietary leading blockchain technology and first-class industry resources.
