NAVI protocol team set to allocate 10 million NAVX tokens to support dApps on SUI blockchain
A new incubation initiative will provide early-stage start-ups on SUI with comprehensive funding, expertise, marketing and community building support.NAVI Protocol has announced the launch of the NAVI X Ecosystem Fund, a massive community-centric initiative. The team is committing 10 million NAVX tokens to foster the growth and innovation of the SUI blockchain's DeFi and Move-based ecosystem.
Per the statement by NAVI Protocol, its upcoming Ecosystem Fund's key activities' scope will include various forms of support that are crucial for Web3 entrepreneurs. Besides direct funding, NAVI X Ecosystem Fund will deepen liquidity and enhance financial stability within the SUI ecosystem. Supporting the development of secure and resilient DeFi applications and encouraging the exploration of new use cases and technologies on the SUI blockchain are also featured in the new fund's roadmap.
As a result, the fund is expected to attract leading development teams to the SUI blockchain through targeted grants and incentives.Rising Star: Lucky Boo Token Challenges Norms in Solana's Meme Coin Arena
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