The funding fund managed by the household workplace of BitMEX co-founder Arthur Hayes simply introduced the launch of a grant program that goals to help the development of the Bitcoin (BTC) community.
In an announcement, Maelstrom says that the Bitcoin Grant Program will present funding to Bitcoin builders with the target of serving to within the technical improvement and enchancment of the flagship cryptocurrency.
“Maelstrom, like different corporations within the house, not directly depends on the work of open-source Bitcoin builders. We’re due to this fact eager to offer again and donate to the Bitcoin expertise, on which the crypto ecosystem relies upon.
This system will give grants starting from $50,000 to $150,000 per profitable applicant which might be paid in BTC, USDC or USDT in month-to-month installments over a interval of 1 yr.
Grantees are anticipated to offer again by contributing to the technical improvement of Bitcoin, which can embody pull requests or overview work for the Bitcoin Core software program venture.
“The target of this system is to assist with the technical improvement of Bitcoin and improve its resilience, scalability, censorship resistance and privateness traits.”
Builders ought to submit their purposes earlier than August twenty fifth. Maelstrom says the grants will possible be awarded by the third or fourth quarter of the yr.
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