TechFlow — The cross-chain smart contract platform Neutron in the Cosmos ecosystem announced that, with the passage of governance proposal N-14, it has decided to launch an Ecosystem Grants Program to fund technology development and other initiatives beneficial to the Neutron ecosystem.
According to the proposal, the grant program will receive an allocation of 20 million NTRN tokens (3.7% of total supply). This amount represents 3.7% of the NTRN reserves currently managed by the Neutron DAO, or 2% of the fully diluted total supply of NTRN. MainDAO will conduct annual reviews of the Grants Program to determine future funding levels.
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