Neutron, the Cosmos ecological cross-chain smart contract platform, announced that with the passage of governance proposal N-14, it has decided to launch the ecological Grants program to provide funding for Neutron-related technology research and development and other initiatives beneficial to the Neutron ecosystem.
According to the proposal, the Grants program will initially allocate 20 million NTRN tokens, which is 3.7% of the NTRN reserves currently managed by Neutron DAO, or 2% of the total supply of NTRN after full dilution. MainDAO will conduct an annual review of the Grants program to determine the amount of future funding.