Harmony $7M Grant Guideline

Grant Tiers

< $5K

Harmony Grants are to drive our platform’s mainnet utility 🔧, decentralized community 👩👩👧👦, and cryptographic innovations ⚡ — aligned with our 2020 roadmap on cross-border finance 💸 and auditable privacy 🛡️.

Harmony Foundation allocates 154.2M tokens per month for protocol and ecosystem development. That is, $1.08M at $0.007 per token.

Your grant and project are fully transparent to everyone. Details of all grants such as application materials, funding amounts, community discussions, governor decisions and wallet addresses are publicly available at harmony.one/open-grants.

Grant approvals and governance are solely by members of Harmony Community 🎶, Harmony Angels 😇, elected validators ⛏️, Pangaea Captains ⚔ and Harmonauts 👩‍💻👩‍🚀 (engineering and business team) — see the full list here. The main acceptance criteria are active users with high 7-day retention, bringing assets 💎, transactions 🤝 and volume 🔊 to Harmony Mainnet.

For background, you may read our articles 🤔 Why #CrossFi (Harmony + BUSD video) and 🤯 Why #ZKProof (video coming soon!) — or our project overview 💭 Why Sharding & Staking (Privacy Summit video).

Explainer video on our cross-border finance #crossfi strategy, starting with Binance stablecoin BUSD, cross-chain bridges for US dollars, and fiat gateways.

Your grant is a 6-week engagement with 7 equal payments. After all 6 designated governors unanimously approve your weekly milestones (see Example Grant below), another installment is made before that Sunday 9pm PST. If you lapse on any milestones by 4 weeks, your grant and future payments are forfeited.

Ethereum 2 Roadmap, Buterin’s Open Problems and Findora’s Auditable Privacy are great models for bringing the best research results — via our $7M grants — to Harmony production mainnet.Below explains the framework for our grant application and agreement:

The submission date of your grant application.
An estimated start date (always Mondays) after approval.
The $USD dollar amount of the grant.
The number of addressable target users: general (100M), fintech (10M), crypto (1M), developers (100k), validators (10k).

Categories. Our strategic focus with examples of high priorities:
Defi: bridges, stablecoins, oracles.
Dapps: games, collectibles, marketplaces.
Portals: wallets, staking, exchanges.
CrossFi: fiat-ramps, payments, identity.
ZKProof: primitives, privacy, rollups.
Infra: dev, network, protocol.
Community: videos, articles, governance.

Project Details.
Name; X for Y (such has “Stripe for Online Petition”); 1-liner slogan.
Bio of your team highlighting relevant experience and skills.
Pitch deck on product mocks or screenshots, market fit, competitor analysis.
Forum page on talk.harmony.one for public process and discussion with community.
Town where you are based (just to say hello at the right time!) and timezone offset to Pacific Day Time (PDT).

Governors. These stakeholders (see the full list) are to approve (and later do quadratic matching) on your grant and milestones:
🎶 Harmony Community: they engage in community channels on Telegram and Twitter over the long term.
⛏️ Harmony elected validators: they validate blocks with stakes and delegation for our network and economics security.
😇 Harmony Angels: they amplify our social impact on Twitter.
⚔ Pangaea Ops Captains (P-Ops): they lead open community of validators and network operators.
👩💻 Eng Harmonauts: Harmony core engineering team.
👩🚀 Biz Harmonauts: Harmony core business team.

Current Traction. Including:
Product demo, including working prototype, as initial proof of work.
Prior grants / engagement with other projects or Harmony.
Team size and composition (engineering, marketing, operations).
Team cost to demonstrate sustainability and efficiency.
Time commitment in number of hours per week.
The number of followers on Telegram, Twitter; Github stars/forks.

Target Metrics. We measure the following metric targets per rolling 7-day period for fast iteration:
The number of active users.
User retention rate: percentage of users who come back.
The $USD value of assets secured on chain.
The number of transactions.
Volume in $USD.

Target Deliverables. Grants will be 6-weeks with these typical milestones:
Week 1: Deploy on testnet.
Week 2: Demo and AMA to Harmony and your community.
Week 3: Detailed documentation, blog post.
Week 4: Deploy on mainnet.
Week 5: Gather user feedback.
Week 6: Marketing for sustained user and usage growth.

Profiles. Specify your license, Github, LinkedIn, Twitter, Telegram, email, and wallet for transparent tracking of grant payouts.

Use open source license, preferably: Apache License 2.0, MIT / BSD 3-clause or 2-clause license, GNU (Lesser) General Public License, Mozilla Public License 2.0.

Artifacts. Link your site, blog and code. Provide a docker image for setup or server launch. Follow our branding guidelines.

Milestones. Tweet out the weekly milestone and seek unanimous approvals from your 5 designated governors.

Funding. After each milestone, we will transfer an installment of grant payment with the link to the transaction.

Tax and Legal. For KYC/AML and accounting purposes, send to Harmony in private your driver license (or equivalent identification), phone number and home address. For calculating the amount of ONE tokens as payment in USD, Harmony uses the 24-hour volume-weighted average price using the Binance API (“weightedAvgPrice”) around the time of transfer.https://harmony.one/grant-frameworkWe look forward to building a strong Harmony Ecosystem with you. You may email grants@harmony.one or join our dedicated channel harmony.one/telegram-grants for any questions or feedback.

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