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Exzo Network's Grants Process

Exzo Network Grants Process

(17.06.21)
Below are the step-by-step processes for participation (and receipt) of the Exzo Network Grant to projects and developers building on the Exzo Network blockchain.
For further assistance on the Exzo Network Grant or the steps below, please directly message Exzo Network COO

Exzo Network GRANT STEPS:

1. Project Proposal

  • The target project or product team approaches Exzo Network through official communication channels, defining the tool/task to be developed upon the Exzo Network blockchain.
  • The Exzo Network Chief Technical Officer alongside the Exzo Network developer team can brainstorm further or through specifics if something can be added for mutually beneficial development within the stipulated development proposal.
  • The proposal will be clearly thought-through and be in a stage of ‘ready development’, meaning the target team are able to bring development from the moment of confirmation of Exzo Network Grant cooperation.

2. Timeline, Development Team, and Funding Requirements

  • The target project or product team will approach the Exzo Network Grants team defining the approximate time needed for the development of the aforementioned product or service upon the Exzo Network Blockchain, the people/ developers/ key workers who will be directly involved in the development of the product or service, and the explicit financial breakdowns and necessities asked of the Exzo Network Grant team needed for the development.
  • The Exzo Network Grant is strictly allocated for development works and developer costs to deliver on the aforementioned product or service on the Exzo Network Blockchain, and not ‘other expenditures’, such as marketing or influencer outreach. This is strictly a development grant provided by Exzo Network.

3. Formalized Agreement, Contract, Agreed Grant Total and Terms and Conditions

  • At this stage, a formalized, legally binding agreement is provided from the Exzo Network Grant team to the project/ product team, defining:
    • The total, summarized grant amount
    • The release structure of the grant amount
    • General terms and conditions, legal disclaimers, and miscellaneous technicalities.
  • Both parties will sign the agreement before development begins and grant values are disbursed.

4. Milestones Reached and Open Source Code Audit

  • Once the grant-receiving project has finalized development of the agreed project, product or service, or reached a major pre-agreed milestone of development, the development code must be made open-source and undergo auditing stages on behalf of the Exzo Network Development team to verify its legitimacy.
  • Audits are mandatory, and as such, the open-source nature of the development must also be made mandatory at the point of product/ service completion or milestone reached, per the signed agreement.

5. Exzo Network Grant Released

  • Providing the steps above are completed and achieved at a satisfactory level, the agreed Exzo Network Grant will be released to the project team. This will be in accordance with the signed agreement, where all totals, breakdowns of disbursement protocols and more are detailed explicitly.