Zcash foundation launches $80k grant program

Zcash Foundation has announced a competition for blockchain startups with a prize fund of $80,000
17 August 2017   2972

The first Zcash Foundation Grant Program - a natural extension of the Foundation’s three-pillar Mission to serve the community, protocol, and broader cryptographic science, - has been announced.

The Call For Proposals describes the need for novel, underserved ideas worthy of ZEC grants:

The scope of activities is broad, and can include: software development (e.g., wallet software, libraries, etc.), infrastructure development and maintenance (e.g., hosting forums and block explorer services, etc.), education and outreach, science and research, and many more. The Zcash Foundation is a non-profit organization, and is therefore especially interested in funding proposals that are public goods and not obviously monetizable. We are not looking to fund startup companies that can seek crowdfunding or venture capital investing, or websites that sell advertising space. The intended scale is 1 to 6 person-months of effort, plus direct expenses such as servers and cloud services.
 

The Call For Proposals by Zcash team 

According to the announcement, the theme for this round of grants sits staunchly in the first pillar of the Foundation’s Mission; namely for community development, and specifically for “community infrastructure.”

Ideas should be submitted by September 15th, 2017.

As reported, The Foundation is especially grateful to the Grant Review Committee—Alex Biryukov, Eran Tromer, Gibson Ashpool, Vlad Zamfir, and Zaki Manian—for volunteering their time to review the proposals.

Beyond the Grant program, the Foundation will be ramping up its activities and outreach in the coming months.

OKEx Ex-CEO to Intend to Raise $40M

Funds are needed for the new exchange called ACDX, which will offer  futures, options, revocable bear/bullish contracts and more
06 February 2020   594

Andy Cheung, who until recently was the operating director of the OKEx cryptocurrency exchange, will open a new derivative trading platform ACDX by the end of the first quarter, CoinDesk reports. The exchange will offer its clients futures, options, revocable bear / bullish contracts, debt contracts and fixed coupon notes.

One of our main goals for the exchange is to provide retail investors with ... structured products that are more commonly used by accredited crypto investors and wealth managers.

 

Andy Cheung

Former chief operating officer at OKEx

In the future, ACDX plans to reach a global level, but first of all it will gather a client base in Asia, using the connections of Cheung and partners in Hong Kong and China. In preparation for the launch, she intends to raise $ 40 million through the sale of tokens and shares in her business to crypto funds, private investment firms and family capital management companies in Europe and Asia. 

We have over $4 million so far and most of the money comes from our own funds. We are in talks with potential investors and likely to announce new investments in the next two months.

 

Andy Cheung

Former chief operating officer at OKEx

To date, ACDX has hired more than 25 employees, including eight developers who are preparing the trading platform for launch.