About Grants

The Grants category is meant to act as a centralized version of the Contribution Proposal System to bootstrap contribution and participation in network growth prior to the development of the decentralized system.

This is a place where P-Reps and ICONists can use their rewards to offer grants to any ICONist/P-Rep, with the hope and expectation that this grant will be used to stake/delegate. Through this off-chain system, we can collectively further decentralize the ICON Network while continuing to stay in line with the ethos of Delegated Proof of Contribution.

Process:

Anybody can submit a Contribution Proposal or an RFP (Request for Proposal) and anybody can choose to fund a Contribution Proposal or reply to an RFP. A Contribution Proposal would be a request for funding for a specific project (e.g. “I would like to build a DEX, is anybody interested in funding this?”), while an RFP is for a P-Rep/ICONist to offer funding for a specific project (e.g. “I would like somebody to build a DEX and I would like to fund it – anybody interested in building it?”). Here are some suggested guidelines for submissions:

Contribution Proposals:

Topic Title: “Contribution Proposal: Name of Project”

Name (team and/or individuals)

Project/Initiative Description

Key Performance Indicators (specific metrics to track in order to gauge if the initiative was successful)

Budget Request

Contact Info (so teams interested in funding can set up a meeting to discuss)

RFPs:

Topic Title: “Request for Proposal: Name of Project”

Name (team and/or individuals)

Detailed specifications for the project

Budget Estimation

Contact Info (so teams interested in funding can set up a meeting to discuss)

After a Contribution Proposal is completed, the hope and expectation is that the teams involved in executing the proposal will provide a follow up report detailing the outcome of the initiative.