XR One
  • Welcome
    • Introduction to XR One
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          • DeMoN: A Decentralized Modular Network Whitepaper
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      • What are Hero Nodes?
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      • Sale Structure
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      • Constitution
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      • Amended and Restated Articles of Association of the XR Foundation
      • Foundation Grants
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  • Deploy
    • Deploy to XR Sepolia
      • Using Foundry
      • Using Hardhat
      • Using Remix
  • GUIDES
    • Hero Nodes
      • Owner's Manual
        • Purchasing
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        • Delegation
      • Operator's Manual
        • Requirements
        • Installation
        • Operation
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  • Purpose
  • Funds
  • Proposal Process:
  1. Ecosystem
  2. The XR Foundation

Foundation Grants

DRAFT - Working document: 12 May 2024

Purpose

Objective: Support strategic initiatives, contributions, and partnerships that accelerate ecosystem growth, infrastructure development, and adoption of XR One games and its ecosystem.

Funds

  • ARB, USDC/T and ETH from the Foundation

  • $XR Tokens from The XR Treasury

Proposal Process:

  1. Inquiry: Potential grantees submit a brief summary of their project to the Foundation

  2. Invitation: The Foundation reviews inquiries and invites select applicants to submit a full proposal.

  3. Submission: Invited applicants submit detailed proposals, including but not limited to gameplay, team qualifications, milestones, and funding requested.

  4. Evaluation: The Foundation evaluates proposals based on their strategic fit, feasibility, cost/benefit, and potential to drive ecosystem growth. The Foundation may request additional information (which may include KYC/KYB information) or interviews with applicants. The Foundation may also require each grantee to execute an agreement outlining the goals and objectives of the grant to such grantee.

  5. Approval: For grants paid in $XR, the Foundation may engage a service provider or employee of the Foundation to approve and disburse funds. For grants paid in ARB, USDC/T or ETH, the Foundation follows its internal approval process and may engage a service provider or employee of the Foundation to disburse funds.

  6. Announcement: Approved grants are announced to the community on the Governance Forum.

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Last updated 11 months ago