MasChain Layer 1 Blockchain Grant Application Announcement

MasChain, the premier Layer 1blockchain designed for efficiency, scalability, and sustainability, is excited to announce its Grant Programme for the upcoming year.

With a dedicated fund of RM2 million, we aim to foster innovation and development within our ecosystem over the next 12 months.

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Total Fund
RM 2 Million

A Call for Blockchain and Web3 Pioneers

Calling Out For Innovations

We are seeking proposals that leverage MasChain’s capabilities in the following areas :

Traceability
Transparency and traceability of products from origin to end-users.
Self-Custodian Wallet
Wallet development that empowers users with full control over their assets.
Payment Solutions
Innovative payment gateways and platform that simplify transactions on global scale.
Halal Compliance
Blockchain solutions that ensure products and services comply with Halal standards.
ESG
Projects that utilise blockchain to drive positive environmental impact.
Loyalty Programmes
Next-generation loyalty platforms that offer flexibility, interoperability, and value for both businesses and consumers.
Decentralised Applications (dApps)
Encourage innovation in limitless sectors using MasChain’s robust technology for diverse and pioneering dApp projects.

Success Criteria

These are the key success criteria to ensure effective utilisation and impactful contribution of the MasChain Grant toward the development of blockchain ecosystem.

Innovation and Technical Excellence
Projects should exhibit a high level of innovation and technical sophistication. Applications must present well-researched or tested concepts, with a preference for projects demonstrating some prior work or development.

Projects should contribute uniquely to the MasChain ecosystem by offering new solutions, enhancing existing technologies, or providing significant technical advancements.
Sustainability and Maintenance
Applicants must demonstrate a clear plan for the project’s sustainability beyond the grant period. This could include but is not limited to, additional funding sources, an existing business model, or a strong commitment to the project’s continued development and maintenance.
Ethical and Responsible Development
Projects must adhere to high ethical standards, promoting positive societal impacts while abstaining from facilitating gambling, illicit trade, money laundering, or any criminal activities.

" We do not fund projects that have successfully conducted a token sale or those primarily focused on tokens. The application should emphasise the software development of MasChain or the research being undertaken. "
Clear and Detailed Proposal
Applications must be rich in technical details, with a well-defined project scope and objectives. Proposals should clearly articulate how the project stands out in the competitive landscape or introduce novel technology to the ecosystem.
Compliance with Grant Policies
Teams must complete any previously awarded grants before applying for a new one. This ensures dedication to the project and efficient use of resources.

These criteria are designed to nurture a diverse range of projects that push the boundaries of blockchain technology using MasChain, contribute to the ecosystem’s growth, and uphold the highest standards of ethical development. Proposals will be evaluated based on their alignment with these success criteria. Selected projects can expect guidance and support from our team, aimed at fostering innovation and excellence within the MasChain ecosystem.

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