Cronos Ecosystem Grants
Updated as of October 2022
We’re very excited to announce the official launch of the Cronos Ecosystem Grants!
Read on to find out more about what the Cronos Ecosystem Grants entails, how to qualify for it, and how you can apply for it.
Purpose
The Cronos Ecosystem Grants program aims to support early-stage projects on Cronos by bootstrapping initial product development and providing technical support. We aim to align incentives together with new builders and teams by helping their projects grow together with the broader ecosystem.
We warmly welcome any talented individuals & teams who are passionate and committed to building incredible products within the Cronos ecosystem.
The Cronos ecosystem has been fast growing and we have seen a multitude of projects starting to build on Cronos. Here’s an overview of the Cronos ecosystem:
Cronos ecosystem projects as of September 2022 (not an exhaustive list)
Cronos Ecosystem Grants Program Benefits
1. Milestone Incentives
- The Cronos Ecosystem Grants is not a source of venture capital funding, but rather, a form of monetary support provided by Cronos Labs. Project recipients would be awarded grants based on the quality of the team, the potential of the project, execution capabilities, and its contribution to Cronos. Grants will be awarded based on certain pre-agreed milestones (for example: delivery of MVP, beta launch, TVL targets, trading volume targets, DAU targets, etc.)
2. Technical Support
- To reduce the friction of producing a well-functioning Minimal Viable Product (MVP) on Cronos, grant recipients can expect to receive technical support and assistance from Cronos developers.
3. Marketing Support
- Projects may receive marketing support across social media channels on Cronos to amplify projects’ outreach.
4. Partnership Introductions
- Cronos Labs will help to connect projects with the right partners in the Cronos ecosystem to accelerate your growth
Requirements
Projects should be following these standards and guidelines to qualify for funding consideration:
- Projects must be building an application directly on the Cronos blockchain
- Projects must be building an application that falls within the following categories:
- DeFi (AMM/DEX, Lending, Structured Finance, Yield Aggregators, Derivatives, Liquid staking etc.)
- NFT (NFTs, NFT Marketplaces, Inter-NFT applications, etc.)
- Gaming & Metaverse (Metaverse, Single-title games, gaming platform, etc.)
- Tools & Analytics (DeFi protocols tools, Charting solutions, Dashboards, Analytics, developer tools, etc.)
- Critical Infrastructure Projects (Oracles, etc.)
- Social Goods and Community Engagement Projects (community forums, governance toolings, DAO projects, Educational youtube videos, dedicated medium articles, etc.)
- Other Web 3.0 Applications (decentralized storage, decentralized social media, decentralized IP management etc.)
Grant Application Journey
- Step 1: Submit Grant Application
Submit the application for the Cronos Ecosystem Grant via the airtable form below. Make sure that you fill in the form as diligently and thoroughly as possible as this will be the only information reviewed by the Cronos LabsTeam to decide upon grant acceptance or denial. - Step 2: Cronos Labs Team Due Diligence
Your application will be reviewed by the Cronos Labs Team who will be performing the required due diligence on the Project. - Step 3: Project Team Interview
If your project passes the Cronos Labs Team due diligence, your team will be invited to an interview with the Cronos Labs Team. - Step 4: Acceptance / Rejection Notification
The Cronos Labs Team will perform a final review of the project based on the application and the interview. All applicants will be notified if their application is accepted or rejected. - Step 5: Milestone Setting Alignment + Contract Signing
The project, together with the Cronos Labs Team, will align on the milestones for the project team to achieve. Once all milestones have been agreed upon and contract signed, you are all set. - Step 6: Milestone Review & Funds Dispersal
Based on the pre-agreed upon milestones, there will be regular reviews between the Cronos Labs Team and the project. Upon the successful completion of each milestone, the project team will receive the milestone grant. Grants may entail a vesting duration to ensure full commitment from both parties.
Note: Cronos Labs team reserves the sole rights to decide the acceptance/rejection of the grant application.
Why Build on Cronos
Cronos is the Ethereum Virtual Machine (EVM) chain running in parallel to the Crypto.org Chain. It aims to massively scale the DeFi and decentralised application (DApp) ecosystem, by providing developers with the ability to instantly port apps from Ethereum and EVM-compatible chains.
Key features
EVM Compatibility: Built on Ethermint, Cronos supports rapid porting of apps and smart contracts from Ethereum and other EVM-compatible chains. If you are a builder on other EVM-compatible chains, you can seamlessly port your app over to Cronos
Instant Finality: Built on top of the Tendermint core, with instant finality being the most important property of the Tendermint consensus algorithm. Transactions happening on Cronos are finalized almost as soon as a block is created.
Scalable and Affordable: Cronos can process more transactions per minute than most base layer blockchains, making it faster, cheaper, and greener to execute smart contracts.
Inter Blockchain Communications (IBC) Interoperability: Cronos being IBC-enabled allows for interoperability and seamless bridging to other IBC-enabled Cosmos based chains (e.g., Crypto.org Chain, Cosmos Hub, Osmosis, Terra, etc.)
Access to Broader Crypto.com Ecosystem: Cronos provides access to a massive retail user base within the Crypto.com ecosystem. This allows projects to target both DeFi natives and DeFi newcomers from the broader Crypto.com ecosystem.
Apply Now
If you think you meet the above requirements and are interested in building on top of the Cronos ecosystem or contribute to the ecosystem in any capacity, please fill out the form below:
Apply Here: Cronos Ecosystem Grant Application Form
About Cronos
Cronos is the first EVM-compatible layer 1 blockchain network built on the Cosmos SDK, backed by Crypto.com, Crypto.org and more than 250 app developers and partners. Our mission is to make it easy and safe for the next generation of crypto users to adopt Web3, with a focus on DeFi and GameFi.
Cronos has already skyrocketed to a top 7 position among all chains by total value locked and is used by >800,000 users, growing at 20% per month. Cronos is powered by the Cronos ($CRO) cryptocurrency, which powers an ecosystem of more than 50 million users worldwide.
Cronos Labs is the ecosystem investment fund, web3 start-up accelerator and incubator of Cronos chain.
Where to find Cronos: Website | Twitter | Discord | Telegram | Medium
About Cronos Labs
Cronos Labs is a startup accelerator dedicated to incubating projects built on blockchains, including Crypto.org Chain, Cronos and others, with a high potential to bring disruptive impact.
