The Hxro Foundation has launched the HXRO Grant Program to support the growth of the Hxro Network, which aims to establish the world's largest distributed liquidity layer for derivative and betting applications.
The program will award grants to technical and non-technical members of the Hxro community who are actively engaged in building and improving upon network protocols.
With the successful launch of Hxro derivatives and v2 of the Hxro Parimutuel Protocol on Solana mainnet, the network has now turned its focused to scaling. The Foundation has allocated 5,000,000 HXRO to reward community members for their contributions in improving the core protocols, developing new interfaces, scaling resources, performing quality projects, building to the protocols composability, translating network resources, moderating the community, and enhancing overall security and quality.
Increasing community participation is a critical step toward further decentralizing, scaling, and securing the network, resulting in a more distributed and sustainable ecosystem. The program aims to foster an environment of open-source innovation and introduce more participants to the network, which is crucial for achieving the network's long-term success and overarching goal of progressive decentralization.
The Hxro Foundation Grant Program consists of three pillars. The allocation breakdown is as follows:
*Grants may be awarded in both HXRO and/or USDC in situations deemed reasonable by the Foundation