We are absolutely thrilled to announce a strategic partnership between Pivot & Skale Network to launch a groundbreaking 10 Million SKL Grants Program aimed at driving multi-sector growth & development of the Skale Network.
The program will provide significant resources to fuel the builders in the Web 3.0 ecosystem with an aim to encourage and empower developers, founders, & existing dApps to build on top of the Skale Network, adding to the growth & value of the Skale ecosystem and in turn foster a thriving and dynamic Web3 ecosystem.
Partnership Announcement – Pivot x Skale Network We are absolutely thrilled to announce a strategic partnership between @0xPivot_ & @SkaleNetwork to launch a groundbreaking 10 Million $SKL Grants Program!The initiative aims to drive multi-sector growth & development… pic.twitter.com/UzwGKlcwb9
— Pivot (@0xPivot_) August 5, 2024
More about the Grants Program
Here are some salient features / terms of the Pivot x Skale Network grants initiative.
A total of 10 Million SKL Tokens have been allocated to the grants pool
The grant is aimed at boosting the key performance metrics of the grantee, including but not limited to user growth (UAW) and total transactions.
Token distribution is based on milestones / metrics.
There will be two types of grants — Developer Grants + Growth Grants, to be distributed in conjunction with achievement of the respective metrics.
Applications for grants will be reviewed on a rolling basis.
Priority will be given to projects demonstrating high potential for ecosystem impact.
Comprehensive support will be provided to grantees throughout the development process.
Click on the following link to apply https://0xpivot.com/Startup-Application
Note: Please mention “For SKL grants program” in Reference box at the end of the form
Role of Pivot
Pivot will receive and qualify applications for the grants.
Ensure applications meet the required criteria and align with program goals.
Conduct evaluations to select high-impact, innovative projects.
Facilitating ongoing support and mentorship to grantees.
Monitor progress and ensure effective use of resources.
Facilitate other initiatives like collaborations and web3 networking.
Please note: The application received for the grants program is NOT related to the Pivot’s flagship acceleration program and does not guarantee a selection for the same. Pivot may choose to evaluate individual startups applying for the SKL grants program and invite select startups based on qualitative analysis & thorough DD.
A Step into the Future
This partnership between Pivot and Skale Network marks a significant milestone in our commitment to enabling innovation and growth in the Web3 ecosystem. By providing substantial resources and support through the SKL Grants Program, we aim to empower developers and entrepreneurs to push the boundaries of what is possible on the Skale Network. We look forward to seeing the groundbreaking projects and applications that will emerge from this initiative, driving forward the multi-sector growth and development that is essential for a vibrant and dynamic decentralized future.
About Skale Network
The SKALE Network is a fully decentralized open-source elastic blockchain network that empowers developers to run smart contracts and transactions at high speeds and low costs. The mission of the SKALE Network is to ensure there are high-quality open-source tools for monitoring overall participation and performance, specifically the operations and reporting of validator and delegator activities. SKALE aims to bring Ethereum and the power of decentralized applications to billions of users.
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About Pivot
Pivot is a global venture accelerator firm dedicated to the Web 3.0 industry, created by founders, for founders. Pivot’s selected startups are focused on milestones & are not bound to periodic curriculum-based programs. Founded by Anshul Dhir, a 3x founder in the Web 3.0 space, and mentor and investor in over 50 companies in Web3. Pivot is being supported by some great founders & Angels in this industry including Polygon, Delphi Digital, Blockchain Founders Group, Liminal, Biconomy, BitsCrunch, Tegro, Router, QuickSwap & more. We are also supported by Tier 1 ecosystems such as BNB Chain, Polygon, Arbitrum, ICP, Manta Network, Mantle apart from many VCs, launchpads, Exchanges & many more.
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