IOST Unveils a 100 Million Dollar Fund to Foster the Growth of an EVM Multi-Chain Ecosystem

12 April 2022, the 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.

On March 31, 2022, IOST unveiled the long-awaited Roadmap’s Secret Weapon — Project Entroverse to build a rapidly growing, interoperable, and interconnected blockchain network.

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.

Details of the Entroverse Fund

New Ecosystem Fund

1. Market Analysis: The successful project applicant will be offered market research and in-depth industry research reports developed by the Big Candle Capital (BCC) team who have more than 5 years of experience in blockchain research.
2. Token design: The project team will be assisted by BCC’s professionals who have rich experiences from top global investment banks in developing its economic model and assisting the incubation in the initial stages.
3. Structure design: The project team will be provided with targeted successful case studies such as popular Dapps for reference.
4. Promotion: The project team shall enjoy media support and promotion through BCC’s top-tier media connections and high-quality communities with a large number of users

Accelerator Fund

1. Non-dilutive funding: BCC will provide non-dilutive funding for teams building applications on the IOST chain, integrating the IOST mainnet, and with needs to implement the IOST tools.
2. FA: BCC will offer FA support for skilled developer teams with no experience in the industry, allowing new projects to get start-up capital quickly.
3. Incentive bonuses: BCC will arrange irregular bonuses to start-ups and teams based on their user base, activity, and TVL.

BCC’s Investment Philosophy & Services for Developers

Investment philosophy

• The investment scope of BCC’s exclusive fund is not limited to applicants developing exclusive Dapps on the IOST chain. Outstanding projects deployed on other EVM-compatible chains with multi-chain development plans are also welcome to apply for support.
• The main focus of BCC’s investment is on DeFi, NFT, GameFi, Web 3, and Metaverse-based Dapps. However, all innovative teams and ideas are welcome!
• BCC supports angel, seed, strategy, A round, B round, C round, and Pre-IPO investments, and both investments in token and equity simultaneously.
• Investments range from USD$30,000 to USD$5,000,000.
• To achieve the best ROI, BCC examines projects and teams in detail using its strong network and data analysis facilities centered in Asia
• BCC makes diversified investments according to the assets’ life cycle and the development trends to minimize risks.

Advisory Services

BCC provides auxiliary services such as capital, technology, token model, advertising, community building, and connections with exchanges for the invested projects.

Team

Headquartered in Singapore and located around big cities such as Barcelona, Tokyo, Seoul & Madrid, the Big Candle Capital team consists of more than 40 experienced professional investment professionals with first-class business capabilities and rich resources in the blockchain and traditional financial industries.

Contact Big Candle Capital

Big Candle Capital sincerely invites all interested developers and teams to join the IOST multi-chain ecosystem. To contact us, please attach the below information and send us an email to business@bigcandle.capital.

• Project Description
• Team introduction
• Financing status
• Whitepaper

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.

Blake Jeong, IOST CMO highlights:

“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.”

We hope that the 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 magnific applications that can drive traffic in multiple mainstream public chains, and obtain corresponding returns in the process.

We sincerely invite you to apply and release your potential to create value on the IOST platform.

More to come in April! We will announce more good news, so stay tuned!

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.

By virtue of the professional investment and research team and substantial industry advantages, Big Candle Capital’s investment in more than 80 projects, including IOST, LINK, BNB, DOT, UNI, DYDX, etc., were highly successful and achieved an overall return of 1000%, with a peak operated asset valuation of over 700 million USD.

About IOST

Backed by major financial and VC firms such as Sequoia, Matrix, and ZhenFund, 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.

IOST has been committed to innovating, improving, and expanding the influence of blockchain technology since its establishment. Our team and partners have extensive expertise in the crypto industry and valuable resources worldwide. By joining forces with top-tier venture capital institutions worldwide to establish Big Candle Capital, the IOST Foundation aims to leverage the resources above-mentioned, our global investment layout, and rich experience in blockchain to provide more opportunities for developers and high-quality projects, allowing IOST’s global ecosystem to develop more comprehensively at the same time.

Entering 2022, with the growth of the crypto industry alongside the global economic and political situation, we are in a trend of simultaneous outbreaks in different fields, namely DeFi, NFT, GameFi, Web 3, Metaverse, and more. We sincerely welcome developers to join IOST’s multi-chain ecosystem and release their potential to create the best DApps on IOST.