The Bahamut Foundation has launched the Bahamut Grants program, a significant initiative in the journey of Web3 evolution. The program is backed by a substantial fund of 10 million $FTN, with a focus on flexible distribution. Bahamut, part of the Fastex Ecosystem and using $FTN as its native token, has recently passed security assessments by CERTIK and HEXENS.
This program is aimed at projects developed on the Bahamut blockchain platform, known for its innovative POSA (Proof of Stake and Activity) consensus mechanism. The POSA model emphasizes the role of validators' use of applications built with smart contracts, contributing to their chances of becoming block proposers and earning rewards. The grants will support a wide range of applicants, including individuals, businesses, organizations, and researchers. Priority projects for the Bahamut Foundation include bridges, multi-signature wallets, decentralized exchanges (DEXs), and RNG oracles. Importantly, Bahamut supports the Solidity programming language, encouraging builders to develop on its network.
Applications for the Bahamut Grants program must be submitted through the official Bahamut Grants portal, where detailed information about the program and application process is available. To stay updated on the Bahamut Foundation and its funding programs, interested parties can follow the official Bahamut website, as well as its community channels on Twitter and Discord. The Bahamut Foundation will welcome and thoroughly assess each application, ensuring a comprehensive review process.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
