Everscale (formerly FreeTON) DeFi Alliance opens its books for IT startups with grants program

Developers of the Everscale (formerly FreeTON) network have announced the rollout of the Everscale Grants program, designed to help launch tech startups and onramp them into the Everscale blockchain. 

The Everscale DeFi Alliance has allocated 15,000,000 EVERs, the native token of the Everscale network, to a grant pool to be distributed to applicants that meet the program requirements and stand to add value to the network’s ecosystem. 

The rollout of the Grants program comes in the midst of a sea-change for the Everscale ecosystem. Earlier this year, the project announced that it would be rebranding from its original iteration as FreeTON to Everscale. 

The rebranding was deemed necessary by the Everscale network and the community due to the significant progress that has been made on the development front. The key technical change underlying the rebranding consists of the network’s shift from its original C++ nodes to its superior inhouse Rust nodes. The implementation of Rust nodes adds considerably to the network’s already robust scaling capabilities. The new identity of the network, as Everscale, reflects the limitless scaling potential of the blockchain.