$10 Million Growth Fund: How To Apply — Update

*A new developer growth fund criteria and scope update — 2022/09/07

ThunderCore’s Developer Growth Fund is strictly aimed at incentivizing and supporting developers to build on ThunderCore. Every project will have to go through an application process, and only qualified projects will get to enjoy all 4 sub-categories of the fund (Accelerator Grant, Promotional Package, Technical Assistance, and Operational Consultation).

If you are a developer interested in applying for the growth fund, please read through this article carefully. This article includes the following information:

1. How to apply for our fund.
2. When can you start applying, what the application process is like, and the different phases a project needs to go through to qualify for funding.
3. The deadlines that you need to keep an eye out for.
4. How each sub category applies to qualified projects and what benefits each project will get if they qualify.

Application timeline

Applications are open NOW and will be extended until February 8th, 2023. You can apply by filling out this “form”

The Developer Growth Funds split into 3 Phases, where each project will be rewarded in different grant amounts as they progress through each phase. During each progression period, the ThunderCore Team will evaluate and determine which projects are eligible for the growth fund according to the requirements of the program.

Types of DApps we will prioritize are:

• GameFi
• DeFi (Aggregator, DEX, Bridge, etc.)
• Social (SocialFi, web3 dating app, web3 social media applications, etc.)
• Launchpad
• Infra (Oracles, Wallets, Exchanges, etc…)

*If you have a project / DApp that falls under other categories, it may still get prioritized upon our evaluation. Please notify us if this applies to you.

The 3 Phases:

Phase 1

Requirements:

• Participating projects must deploy on the ThunderCore Mainnet.
• Applicants must prove that they are the creator of the project.
• Must get listed on TT Wallet. (Learn more about listing on the TT Wallet via this submission link.)
• Must submit his application form: https://forms.gle/LgqzLv3ymdisdh5i7

If your project is already deployed on another blockchain and you are looking to go either multi-chain or migrate to ThunderCore to expand your user base and qualify for the growth fund, please state so in the application form.

What each project will receive if they pass Phase 1:

• 10K+ active users will be funneled to your DApps.
• $3,000 in TT grants.

*If your project is not suitable to list on TT Wallet (e.g. wallets), please contact us for further discussion on how you can meet the requirement.

Phase 2

Requirements:

• Must pass Phase 1.
• The applicant project must be ranked within Top 10 on the ThunderCore DApp leaderboard on Dapp.com and/or DappRadar for 30D in terms of volume or active users.
• The applicant project must be ranked within the Top 200 DApps amongst all blockchains based on either DAppRadar or Dapp.com’s leadarboard in terms of 30D for volume or active users..
• Your project must have and actively manage at least 2 of these social channels: Discord, Telegram, or Twitter. Your social channels must be active and have a considerable community size full of real users:

Discord: a minimum of 500 members.

Telegram: a minimum of 1K members.

Twitter: a minimum of 1K followers.

• Deploy your own token and get listed on TTSwap or LaserSwap with at least $50K in liquidity. Here are a few guidelines on how to do that:
• Deploying your own token tutorial
• Token listing guideline
• Submit your token on ThunderCore for listing on CoinMarketCap or CoinGecko
• Note: If your project is a DeFi project, it must be listed on DeFillama.

*If your project is not suitable to deploy its own token, please contact us for further discussion on how you can meet the requirements.

What each project will receive if they pass Phase 2:

• $10,000 in TT in grant.
• A promotional package worth $10,000 in TT:
• Quest system — a powerful trafic boosting tool developed by TT Wallet team
• Joint marketing events (Twitter giveaways, etc.) — we introduce projects to each other to help them grow in the ThunderCore ecosystem
• TT Wallet advertising — This includes banner placements, featured dapp listing and higher prioritizing; giving you better exposure and funnels more users to your DApp.
• Featured case studies — Boosting the exposure of your DApps on ThunderCore Ecosystem.

Our promotional package’s expected results are:

1. At least 80K impressions for a single tweet.
2. Increase your DApp usage by at least 100%.

Here’s proof of how our promotional package can benefit your projects:

• https://medium.com/thundercore/getting-ahead-faster-how-ttguess-became-one-of-the-fastest-growing-and-most-popular-dapps-38276fa2c480
• https://blog.thundercore.com/getting-ahead-faster-how-tt-farm-gained-12-000-new-users-in-2-weeks-5827844c3bd2

The proof showcased in our case study articles all had less than $5,000 in promotional budget. So if your project receives $10,000 in TT for promotion, the effects will be exponentially more impressive.

Phase 3

Requirements:

• Must pass Phase 1 & 2.
• Your project just be entirely open-source (Publicrepositories, and open source code)
• If your project is a DeFi project, your TVL or Market Cap must be over 1M USD.
• Complete an Audit Report with no major issues in your DApps
• Note: Once you achieve the 3 criterias mentioned above, you can contact us and request for an audit report sponsorship. After the audit sponsorship,your project must provide the audit report to ThunderCore. (If your project has been audited before participating in ThunderCore’s Developer Growth Fund program, then there will be NO sponsorship or reimbursement provided for the audit report.)
• ThunderCore Team will select the top 2 projects to proceed into the final round (Last week of June 2023). The internal assessment will only include projects that have been audited.

What each project will receive if they pass Phase 3:

• Audit report sponsorship.
• Up to $100K in TT in seed funding after getting assessed by the ThunderCore Team.

Invite To Earn

• Anyone who successfully refers developers and projects among the categories listed below to develop on ThunderCore and successfully passes Phase 1 of the Developer Program will receive a referral reward of 10% of their referee’s rewards.
• Gaming/GameFi
• DeFi
• Social

If you are referring a project to participate in the Developer Growth Fund Project please have the project submit the application form and provide the referee’s contact information in the form.

*There’s NO limit referee a referrer can refer to, the more successful referrals, the more rewards you can earn. Please note that the referral rewards are additional from the referee’s rewards.

ThunderCore is fully committed to supporting developers and their projects to develop, grow, and scale their DApps on ThunderCore. Note that the amount of TT grants that each project receives will be calculated at the time of distribution.

If you are interested in participating in our growth fund program, please visit our application form to apply now: https://forms.gle/JDk5G5rMT8SJaJ8E6

If you have any questions, please join our Discord server and share your questions in “#dev-program” channel. Our moderators will get back to you as soon as they can.

Here’s to a new dawn of ecosystem expansion. We can’t wait to see your ideas be brought to life on ThunderCore!

About ThunderCore

ThunderCore is a powerful and ultra-fast Web3 ecosystem and layer-1 chain that delivers elite performance and cost-effective scalability for thousands of crypto projects. Its proof-of-stake (PoS) architecture and strong developer support provide a battle-tested home for the next generation of crypto builders to create in Web3, DeFi, NFTs, GameFi, and the metaverse with limitless scope.

The growing ThunderCore ecosystem is powered by its popular native asset, TT, which can be stored in the feature-rich TT Wallet, together with other supported project assets.

ThunderCore’s breakthrough consensus protocol “PaLa” overcomes the scalability “trilemma,” helping the ThunderCore network generate up to 4,000 transactions per second (TPS) with sub-second confirmation times and ultra-low gas fees at a fraction of a cent.

Created in 2017 by Silicon Valley tech entrepreneur Chris Wang to help solve Ethereum’s scalability issues, ThunderCore has an international user base that spans over 100 countries. It measured over 500,000 monthly active users in December 2021, making it one of the most actively used chains in the world, according to DappRadar.

Institutional investors in ThunderCore include MetaStable, Hashed, Electric Capital, Huobi Capital, Pantera, Zhen Fund, Kenetic Capital, Arrington XRP, Capitaland, and Draper Dragon, among others.

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