Grant | U2U Network

U2U Foundation Grant Program

The Foundation Grants Program aims to nurture early-stage project to be growth on the U2U network, focusing on expanding the U2U developer and user base. By attracting top-tier infrastructure providers and broadening into diverse industries and projects, the program seeks to deepen engagement with U2U technology.

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The grant & investment pool

$1,000,000+

Available Grants

Grants are allocated across different tiers, tailored to your project's requirements and idea relevance. After application, verification, and approval, grant levels are determined collaboratively by the project team and U2U Foundation representatives.

The program is designed to cater to teams on all stages of development.

3 Track Variants

Fast Track

Grants upto $30K

Established projects, successful in their current model, seek expansion into U2U and beyond.

Milestones

Up to 3 milestones to get full grant.

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Growth Track

Grants upto $50K

Projects are nearing completion, ready for product’s launch and growth alongside us.

Milestones

Up to 5 milestones to get full grant.

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Nest Track

Grants upto $100K

Our incubator offers direct support from the core team and U2U partners, aiming to collaboratively discover the perfect product-market fit.

Milestones

Up to 10 milestones to get full grant.

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Project Criteria

The U2U Foundation is open to applications from projects that enhance its ecosystem, with a keen interest in those that compliance, privacy, and scalability. This includes innovative projects working on web3 applications or those aiming to refine the DAG-based consensus protocol, underlining the foundation's commitment to supporting developments that bolster these critical areas within the U2U network.

Adoption

The U2U Foundation awards grants to projects genuinely aiming to increase network usage, supporting its mission to enhance the network's utility and adoption.

Anonymity

While public anonymity is acceptable, the U2U Foundation requires a KYC/KYB background check before deciding on your application.

Ability to execute

The grant committee values experience, skills, or rapid learning ability when reviewing applications.

Milestones

The U2U Foundation will not consider applications from projects without a clear cost breakdown and a clear development plan/roadmap and go alongside with the specific key result for each milestones.

Open Source / Open Learning

Though not all projects can fully open-source their code, it's strongly encouraged where possible. For non-code projects, sharing insights with the community is recommended.

Uniqueness

The U2U Foundation does not provide funding for projects that are simply copies of existing ones.

Milestones Guidance

What is a milestone and why is it important?

A milestones is an achievement that mark a significant change or accomplishment within a project, often signifying advancement towards new stages of development.

Milestones vs Goals

Goals are the results you want to see once the milestone is completed. The milestone is a key achievement(s), which can be seen as the cumulative result of completing each goals.

Types of goals required

Goals can relate to product development (e.g. product launch, mainnet implementation, integration with other U2U ecosystem teams), commercial metrics (e.g. weekly active users, number of (unique) wallets, number of transactions, TVL) or other relevant metrics for your project. The U2U Foundation Grants program currently requires each milestone to have, at least, one goal related to an on-chain commercial metrics and one related to product development.

See Template & Examples

Milestone Template

Milestone Examples

*Used as an example only. All projects milestones and goals will be different based on eachprojects independent build and grant support request

start of the program

Milestone 1: Description
- Goal 1
- Goal 2
- Goal 3
- Expected completion date

Milestone 2: Description
- Goal 1
- Goal 2
- Goal 3
- Expected completion date

...

start of the program

Milestone 1: Mainnet launch and marketing campaign
- Goal 1: Integration to U2U mainnet
- Goal 2: Finalize UI/UX v1
- Goal 3: Smart contract audit is completed by a third-party auditor
- Goal 4: [Insert commercial metric e.g. Reach XXX weekly active users, XXX number of transactions, XXX number of wallets created]
- Expected completion date: 01/07/2024

Milestone 2: Growth
- Goal 1: Launch app in Apple & Google stores
- Goal 2: Finish integration of XX U2U products
- Goal 3: [Insert commercial metric e.g. Reach XXX weekly active users, XXX number of transactions, XXX number of wallets created]
- Expected completion date: 01/10/2024

...

Note: A weekly active user is defined as a user that completes at least 1 transaction per week

example of product development goal

Building smart contracts, Testing, Growth and marketing strategy, First version of the user interface, Deployment in app stores, etc

example of commercial goal by sector

- DeFi: Users (WAU, DAU, MAU), Trading Volume (Daily, Monthly), TVL, No. of Integrations, No. of Partnerships

- Gaming / NFT: Users (WAU, DAU, MAU), Wallet Addresses (Active, Unique), Transactions, Volume, No. of Integrations, No. of Partnerships, No. of NFTs minted, User Retention

- Infra / Tooling: Users (WAU, DAU, MAU), Wallet Addresses (Active, Unique), Transactions, No. of Integrations, No. of Partnerships, No. of Dapp Developers

Example A - Gaming - Growth Track

Payment

Start of the program

$5k USDT

Milestone 1: Migration, integration and launch on U2U network

Integration with U2U mainnet completed
Migrate the NFT collection to U2U and distribute the NFT to holders
Game is released on Apple / Google store
Expected completion date: March 1, 2024

$5k USDT

Milestone 2: Global Game Launch

Game release with a full NFT integration
Finalize the NFT in-game design launch and clan system mechanisms
Reach 1,000 on-chain WAU (a Weekly Active User is a users that submits at least 1 tx per week) for two Expected completion date: March 1, 2024

$5k USDT
$5k U2U

Milestone 3: SDK Launch

Launch a v1 of the Software Development Kit (SDK) to aid third-party developers
Reach 2,000 on-chain WAU for two consecutive weeks
Expected completion date: September 1, 2024

$5k USDT
$5k U2U

Milestone 4: Metaverse Launch

Soft launching the metaverse and gather initial user feedback and test game mechanics
Reach 5,000 on-chain WAU (in total) for two consecutive weeks
5 different external dev teams integrate their digital assets to the team SDK
Expected completion date: December 1, 2024

$5k U2U

Milestone 5: Growth

Reach 10,000 on-chain WAU (in total) for two consecutive weeks
Expected completion date: January 1, 2025

$5k USDT

Submission Process

Application

Project team sends the application by fill in the form.

Evaluation

The Foundation evaluates the project according to the criteria.

Track assignment

After successful verification, we get together to discuss whether the chosen track is indeed optimal for you and your team. We will finalize the milestones alongside with the grant budget as well.

Welcome!

We'll be excited to onboard you to U2U Ecosystem as soon as the necessary steps and due dilligence is concluded.

Grant Distribution

The grant will be distribute to your team based on the milestones has aligned before.

FAQ

Who's eligible for grant?

Anyone can apply for a grant, including individuals, teams, nonprofits and companies.

How long does the evaluation process take?

Timing varies depending upon the number of inbound applications, but typically it takes around 4 weeks to get from application to final funding decision, with an additional 2 weeks to complete the compliance process for accepted projects.

How does U2U Foundation communicate with applicants?

All communication is done via telegram group chat, using the telegram address provided in the application form.

How do I know which track I should apply for?

Read the descriptions and criteria to determine which grant most closely aligns with your project. If you are unsure then apply for a Fast Track and the U2U Foundation will route your application to the correct review team.

How do I apply?

Fill in the submission form of the grant above for apply.

What is required to be eligible for grant funding?

Your application is well-defined and the proposed milestones follow the Milestone Guidance
• Your application is answered thoroughly with links to external support (ie: websites, blog posts, news articles, Twitter threads, etc.) where appropriate
• Your application is written well - you don’t need to be Elon Musk, but ensuring your application is properly spelling/grammar checked, uses complete sentences with a professional tone, and provides direct answers to the questions being asked will all contribute to a higher rate of success with your submission.

What size are the grants?

Most grants average between $10k - $50k USD. However, there is no minimum or maximum amount. Projects are assessed on how realistic the ask is as related to the deliverables.

How will grant be distributed?

Grant will be distributed as exactly as the milestone aggrement between U2U Foundation & projects.

Are there any restrictions on the grant funds can be used?

Grant funds must be used to achieve the mutually agreed upon milestones set forth in the grant agreement. The U2U Foundation may require an audit on a project’s use of the grant funds to ensure the use of proceeds is in accordance with the terms of the grant including the milestones.

If my project is selected, what are the relating and accountability requirements?

If your project is selected, you will be required to submit monthly reports and provide milestone evidence. These reporting and accountability requirements ensure regular updates on project progress and demonstrate the completion of key milestones. Monthly reports should outline project activities, achievements, challenges, and notable developments during that period. Milestone evidence includes tangible documentation or proof of completed milestones as specified in your project proposal. These requirements help track project advancement and ensure transparent use of grant funds.

Can I submit a proposal for an existing blockchain project that requires funding for expansion and improvement?

Yes, we are open to supporting projects which are active on other blockchains and exploring an integration Sui blockchain.

Can I collaborate with other individuals or organizations on a project proposal?

Yes, we encourage community/ecosystem participants to collaborate on projects.

Can I reapply for grant program in the future if my initial application is not successful?

Yes, you can usually reapply for a grant in the future, even if your initial application is not successful. We understand that projects evolve and improve over time, and we encourage applicants to refine their proposals based on feedback or lessons learned from the initial application.