Everscale (formerly FreeTON) network developer Broxus announced the opening of their Everscale Grants program. The scholarship program will provide significant financial and technical support to eligible promising IT startups.
November was a busy month for the Everscale network. Originally, the project formerly known as FreeTON had announced that it would be renamed Everscale. The reasons for the change are related to the significant advances made in the network and its correlated ecosystem compared to the early days of FreeTON.
FreeTON was started as a continuation of the now paused Telegram Open Network. After the development of this network on Telegram’s side stopped growing, the project became open source and a group of enthusiasts that eventually became FreeTON came together to try to unlock the potential of the network.
However, community members and developers, aware of the advances in the development of the network, have found that the project has grown into something bigger and that it is worth having a new name and image. The name Everscale was chosen because it reflects one of the network’s best qualities, its infinite scalability.
The entire Everscale project is only a few years old but the renaming comes as the excitement for some of the network’s new and upcoming products grows. Recently, Everscale developers Broxus announced that the bridge network will enable the Decentralized Autonomous Organization (DAO) protocol, making it fully controlled by the community. Bridge connects the Everscale network with other blockchains and tokens and offers users Layer 2 access to significantly cheaper and faster transactions.
Now that Broxus has more news, this time around is of particular interest to those who are not yet part of the Everscale ecosystem. Broxus created the Everscale Grants program, which provides funding and expertise to eligible high-potential technology startups.
Why Apply for Everscale Grants?
The Everscale Grant program is ideal for smaller startups that have a clear vision and talent but could use the additional liquidity to get them to the finish line. Based on the applicant’s project, the scholarship program will provide them with the financial support necessary to complete an MVP or milestone. To this end, Broxus has made 15 million ever-native tokens available for distribution to companies that have been approved to participate in the program.
Everscale Grants has each spent 15 million euros on state-of-the-art IT projects
In addition to financial resources, the scholarship holders receive advice and support in their development in all matters. Everscale developers will be on hand to share their experience in integrating new projects into a blockchain, and the community will also help with marketing new platforms and projects.
Most compelling, however, is the possibility of meaningful early integration into one of the most notable decentralized finance projects (DeFi) on the market. Everscale is still at the beginning, but as the rebranding has indicated, the wheels are already in motion. Currently, the network has a wide range of products that add to its economy, including the aforementioned Bridge, a decentralized exchange (DEX) operated by Broxus, a dedicated wallet compatible with iOS, Android and desktop, and more is.
Successful subscribers will get the resources they need to grow and get access to the ground floor of a DeFi miner. Potential applicants can find information about the scholarship program here and apply here.
Everscale is a new and unique blockchain design that proposes a scalable decentralized world computer combined with a distributed operating system. The network is based on a platform called Ever OS, which can process millions of transactions per second with Turing-complete smart contracts and a decentralized user interface.
Everscale offers several new and unique features such as dynamic multithreading, soft majority consensus, and distributed programming, making it scalable, fast, and secure at the same time. It is operated by a decentralized community based on democratic principles through the soft majority voting protocol.
Everscale has powerful developer tools such as compilers for Solidity and C ++, SDK and API, a client library ported to more than 20 languages and platforms, a wide range of browsers, decentralized browsing and wallets enable many applications in DeFi, unusable tokens (NFTs), cryptography and governance domains.