Grant Process

The grant process is a mechanism designed by our project to provide additional financing to certain proposals or projects. This process aims to support innovative ideas, technological developments, or projects contributing to society, especially in the web3 and GameFi fields. Grants are given using special funds allocated from the project's general budget and are usually directed towards projects aiming to achieve specific criteria and goals.

Stages of the Grant Process

Making a Call

The grant process begins with a call made in line with certain themes or goals. This call clearly specifies which types of projects or ideas will be supported.

Collecting Applications

Community members and external participants can apply for grants with projects matching the themes specified in the call.

Evaluation & Selection

Applications are reviewed by the project's management team and/or a specially designated evaluation committee. The evaluation process is based on criteria such as the project's innovation, feasibility, societal impact, and sustainability.

Voting on Selected Projects

Selected projects are presented to the community by project developers in an Excalibur proposal, and the project receiving the most votes is funded.

Distribution of Funds

Selected projects are provided with funds as grants. These funds are used for the development of the project and achieving its goals.

Contributions of Grant Bonuses to Proposals

In accordance with the agreement made with web3 and GameFi projects receiving grants, a specified amount of tokens belonging to the project is allocated from the granted project and transferred to the grant bonuses pool. Grant bonuses provide additional financing for proposals during certain periods, enabling these projects to be realised on a larger scale or accelerated while providing extra reward distribution to the Project Merlin community. The following ways establish significant relationships and contributions between the Project Merlin community and projects receiving grants:

Providing Additional Resources

While grant bonuses offer the Project Merlin community the opportunity to earn additional rewards and raise awareness about developing projects, they also provide financial support.

Increasing Visibilty

Receiving a grant increases the visibility of the granted project both within the community and externally, helping attract more support and interest.

Sustainability

Project Merlin offers various opportunities to its community through grant funds, maintaining community engagement, and supporting the community's growth.

The grant process and bonuses are designed to add value to the project's overall ecosystem, encourage innovative ideas, and increase the success of community-supported projects. This process is a critical mechanism that ensures the project's continuous development and the emergence of its innovative potential.