Built to Thrive: XION Launches $12.6M Anti-Grant Grant Program with Thrive Protocol
The Anti-Grant Program will back the best apps through a high barrier to entry, a decentralized and unbiased review process, re-aligned incentives, and a Wall of Shame.
Program: https://thrivexion.com/
If there’s one thing we hate more than crypto complexity it’s crypto grant programs. Web3 has been going about grant programs wrong for far too long. Between the lack of guidance and accountability for talented builders, the proliferation of mercenary developers that accept funds without the intention to build anything tangible, ill-considered review processes, and a focus on quantity over quality, it’s no surprise that Web3 grants have earned a poor reputation among those who genuinely want to build impactful products.
XION is putting a stop to this with its Anti-Grant Grant Program. XION has teamed up with Thrive Protocol, the first web3 protocol for Proof of Value, to launch a program with up to $12.6M to be disbursed across multiple seasons, aiming to empower top entrepreneurs and developers from around the world to build the next generation of consumer-ready applications on XION.
The program will empower the right builders with XION’s protocol-level Chain Abstraction functionality to build UX-focused apps that tackle real-world challenges across numerous industries. It prioritizes quality over quantity, looking to connect with committed builders of high-caliber apps.
What is the Anti-Grant Grant Program?
The Anti-Grant Grant Program offers repayable grants to promising app creators alongside an arsenal of tools and support to bring their applications to life on XION while holding them accountable. The program is set up to weed out mercenary developers, opportunists with no end goal, and those with undeveloped ideas by setting a high bar for acceptance into the program and then ensuring they deliver through a meticulously designed review process.
Created to back serious builders with forward-looking, novel, and impactful ideas, the program uses Thrive’s decentralized validator pool of real users to ensure that builders are hitting key milestones and fully leveraging the support available to them at every turn.
Thrive Protocol’s network of independent reviewers and validators will bring a granular view of how each project is performing against these milestones, incentivized by a reward system that puts the ecosystem’s best interests first. This system results in an unbiased, objective review of the projects at scale, where projects are assessed fairly and thoroughly.
It wouldn’t be an Anti-Grant Grant Program if it was run like every other grant program in Web3. Another part of what makes this program unique is the Wall of Shame. Mercenary developers that attempt to game the system by accepting funds without delivering on their intention to build will be featured on XION’s Wall of Shame – a deterrent to others who plan to do the same.
Here are the details of the program:
Each project, vetted through a rigorous process, is eligible for up to $25,000.
There will be four key milestones for builders to hit; deploying on the testnet, deploying on the mainnet, and meeting two separate KPI-specific milestones.
A ‘forgivable’ grant will be disbursed to them in advance of hitting each milestone and each of these advances will be forgiven after milestones are reviewed and validated by the Thrive Protocol’s Proof of Value (POV) consensus mechanism.
Who is the Anti-Grant Grant Program for?
The program is geared towards serious entrepreneurs and developers with moonshot ideas and a clear plan for getting there. It’s for those who are acutely aware of the problems their application will solve and require support with funding and launching their projects to see it to fruition. XION & Thrive will only be accepting standout applicants and app ideas to support under this program.
Acceptance into this program goes beyond the initial support available upon acceptance. The program is the entry point for app creators to continue building on XION in the long term. XION not only provides the ideal foundation for creating UX-friendly products but also empowers developers with a comprehensive suite of resources.
These include incubation-style support from ideation to launch, a simplified developer stack and technical support, access to an active and engaged community of over 4 million users and Syndicates to grow through a warm audience, and an extensive network of strategic partners and investors to drive future growth and develop the product further.
XION envisions a future where Web3 will be part of everyone’s daily lives, and its ecosystem crafted to build long-term buy-in from app creators who share the same vision and tenacity to get there.
Why build on XION?
XION is the first walletless Layer 1 blockchain purpose-built for consumer applications, designed to deliver seamless user experiences for everyday users. XION recently launched its fully functioning mainnet, which hit Web2-level scalability at 2,500 requests per second, and the $XION token — a key component in powering the chain’s UX-focused mechanisms. By removing the barriers of traditional blockchain complexities, such as managing private keys and understanding gas fees, XION paves the way for consumer-ready Web3 applications that will bring decentralized technology to mainstream audiences worldwide.
XION is all-in on the future of Web3. Its empowering developers with the foundational tools and support they need to launch the next wave of consumer-focused Web3 products.
How to apply & resources to getting started
Builders looking to apply for the grant can do so here: https://thrivexion.com/
Builders that are participating in the on-going Believathon will receive priority review, with greater chances of being accepted. https://dorahacks.io/hackathon/xion
Not sure where to start? Check out the following resources: