Foundation capital

IOST Foundation Courts EVM Developers With $100M Incentive Fund

April 11, 2022 – The Internet of Service Token – IOST Foundation, together with leading venture capital institutions and ecosystem partners, announced an exclusive $100 million incentive fund for Ethereum virtual machine developers (EVM), aiming to incubate next-generation all-star projects and propel the growth of the platform’s multi-channel ecosystem.

On March 31, 2022, IOST unveiled the long-awaited secret roadmap weapon, Project Entroverse, to build a rapidly growing interoperable and interconnected blockchain network.

IOST funds the grant in collaboration with its investment institutions, partners and leading nodes. The main investor in the fund is Big Candle Capital (BCC). The scope of this exclusive fund is not limited to candidates developing decentralized applications (DApps) on the IOST channel exclusively; any ongoing projects deployed on other EVM-enabled chains with multi-chain development plans are also welcome to request support.

Entroverse Fund Details

The recently announced $100 million fund under Project Entroverse consists of the New Ecosystem and Accelerator funds and targets developers worldwide.

  • The New Ecosystem fund will be used to expand on-chain applications, mainnet infrastructure and tools of IOST.
  • The Accelerator Fund will provide capital, fundamental analysis, and incentive awards to development teams and projects through IOST.

Items covered by the New Ecosystem Fund:

  • Market analysis: Successful applicants for projects will be offered in-depth market studies and industry research reports developed by the BCC team which has over five years of experience in blockchain research.
  • Token design: The project team will be assisted by BCC professionals who have a wealth of experience from the world’s leading investment banks in developing its business model and assisting with incubation in the early stages.
  • Structure design: The project team will receive targeted successful case studies, such as popular DApps, for reference.
  • Promotion: The project team will receive media support and promotion through BCC’s top-tier media relations and high-quality communities, with a large number of users

Items under the Accelerator Fund:

  • Non-dilutive funding: BCC will provide non-dilutive funding to teams building applications on the IOST chain, integrating the IOST mainnet, and implementing IOST tools.
  • Fundamental Analysis: BCC will provide analytical support to skilled developer teams with no industry experience, enabling new projects to quickly obtain seed capital.
  • Incentive Bonuses: BCC will arrange irregular bonuses for startups and teams based on their user bases, activity, and total value locked.

About Bcc

Based in Singapore and located around major cities such as Barcelona, ​​Tokyo, Seoul and Madrid, the BCC team consists of over 40 experienced investment professionals with top-notch trading capabilities and rich blockchain resources. and traditional financial industries.

Investment philosophy

  • The investment scope of BCC’s exclusive fund is not limited to candidates developing exclusive DApps on the IOST channel. Outstanding projects deployed on other EVM-enabled channels with multi-channel development plans are also welcome to apply for support.
  • BCC’s investments mainly focus on decentralized finance, non-fungible tokens, GameFi, Web3, and metaverse-based DApps. However, all innovative teams and ideas are welcome.
  • BCC supports angel, seed, strategy, round A, round B, round C, and pre-IPO investments, including concurrent investments in tokens and stocks.
  • Investments range from $30,000 to $5 million.
  • BCC has a strong network and data analytics facilities centered in Asia. BCC vets projects and teams in detail against this network and ecosystem to get the best return on investment.
  • The BCC makes diversified investments according to the life cycles of assets and development trends in order to minimize risks.

Advisory services

BCC is familiar with blockchain technology and market structure. It provides ancillary services such as capital, technology, token model, advertising, community building, and connections to exchanges for invested projects.

Big Candle Capital sincerely invites all interested developers and teams to join the IOST multi-channel ecosystem. To contact the company, attach the information below and email [email protected]:

  • Project description
  • Team presentation
  • Funding status
  • white paper

IOST and BCC light up together

BCC’s top talent will facilitate IOST with technology, operations, investment management, research and analysts, secondary market operations and more. Additionally, BCC’s plan to expand its global connections and business network – including major exchanges, developers, wallets and media – will add more valuable resources to IOST and its DApps.

Blake Jeong, Chief Media Officer of IOST, said, “The cooperation between IOST and BCC, and subsequently the launch of the $100 million IOST fund for EVM developers, is a game-changer for the IOST ecosystem. This incentive program provides long-term support to potential developers and projects, adding more killer DApps to the IOST blockchain while strengthening our global influence and the value of IOST for its long-term holders.

Further announcements on IOST’s Entroverse project will be announced in April. To stay up to date, follow IOST on:

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