Milestone and Fundraising Rewards: Up to $150K | The Radix Blog | Radix DLT
Since the Babylon Mainnet Upgrade in September 2023, the Radix Ecosystem has grown significantly; many projects have flourished and surpassed major community and on-chain milestones.
The Milestone Rewards initiative, launched in February 2024 as part of the $1M ecosystem fund, celebrates and rewards the efforts of teams building on Radix and surpassing milestones. This fund has since been expanded to $10M in capital, ready to be deployed to support the growth of the Radix Ecosystem.
The fund has so far distributed over $90,000 to seven Radix projects for impressive TVL growth and high trading volume milestones.
But now, it’s time to take it up a notch. As part of the #Breakout2024 campaign, the Milestone Rewards initiative is expanding with a new reward being introduced for projects that successfully raise funds.
Fundraising Rewards
Projects building on Radix that raise funds will receive a reward of up to 10% of the amount they raised, paid in XRD tokens, up to a cap of $50,000.
To claim a fundraising reward, you can fill out the form below and provide details and proof of the funds you’ve raised.
Fill out the Ecosystem Success Form to claim your reward
Current Milestone Rewards: $154K in XRD to Celebrate Ecosystem Success
The available milestones to be achieved by the end of July 2024 are:
- TVL milestones
- $20k in XRD for the first dApp to reach $100M TVL
- $15k in XRDfor the next dApp reaching $30M TVL
- $10k in XRD for the next dApps reaching $10M TVL (up to 3 rewards)
- $5k in XRD for the dApps reaching $1M TVL (up to 3 rewards)
- Volumes milestones
- $15k in XRD for the first dApp to reach $100M in volumes
- $10k in XRDfor the next dApp reaching $50M in volumes
- $5k in XRD for the next dApps reaching $1M in volumes (up to 3 rewards)
- $3k in XRD for the dApps reaching 1M XRD in volumes (up to 3 rewards)
- Token holders milestones
A reward of $5k in XRD will be given to projects with a token holder count of at least 5000 people, with a minimum of 2000 people holding at least $5 of their token on July 31st. (up to 5 rewards)
Eligibility
- Each claim will undergo a detailed review by the Ecosystem team to verify its legitimacy.
- Teams can receive a maximum of one reward per category.
- Teams can only receive a reward for the first time they reach a milestone.
More details on other milestones will be released shortly; this will allow Radix projects to work towards several milestone categories and their corresponding rewards simultaneously.