Blockchain Ecosystem Offers $1.5 Million DApp Development Fund, Tech Support and Marketing

An established blockchain ecosystem has launched a decentralized application funding program worth $1.5 million to incentivize developers and enthusiasts to build applications with real value.

WaykiChain says it will offer support of up to $15,000 for every decentralized application, along with other services that include tech support, branding and product marketing.

Over time, WaykiChain believes this initiative will lead to a "Long-lasting, stable, efficient, fair and sustainable ecosystem" where developers are driven to continue refining their DApps and build new ones.

WaykiChain is hoping to reach out to volunteers, community members, the public and the media - offering all of these parties rewards whenever they invite "Outstanding developers" to join its ecosystem.

The company says it hopes to benefit a range of sectors including asset trading and forex trading - adding that it is "Committed to benefiting every participant in the ecosystem, including developers and users."

The platform claims that its project is the only one currently co-operating with the Ministry of Commerce in China - "Carrying out deep research on blockchain and the credit economy." Invitations to coveted events such as the China Development Forum have followed, a meeting that has been attended by the country's premier, Li Keqiang, and top CEOs such as Apple's Tim Cook in the past.

The team claims the company has sufficient funds to cover the expenses and development of the project for at least the next five years.

Making development straightforwardWaykiChain says that it offers "An incredibly low entry barrier into its ecosystem," as developers can use templates in order to create DApps rather than start from scratch.

In an overview of its project, WaykiChain said that it has a thriving following on social media - including more than 210,000 active users across its English and Chinese Telegram groups, 52,000 followers on Weibo, 65,000 followers on Wechat and 10,000 on Facebook.

Recently launched features include WaykiTimes, which is an official feature where crypto consumers, developers and business partners can keep up to speed on the latest developments concerning the blockchain.