Have you ever wanted to be one of the first to reach a 100% green space ecosystem? Now is your chance! You can join the ranks of early adopters and participate in Soroban, Stellar’s new native smart contract platform. As this ecosystem matures, bursts with innovation and growth, you can be proud to say, “I was there when this happened. I helped make it happen.”
About Stellar Community Fund (SCF)
The Stellar Community Fund (SCF) is an open application program designed to leverage the wisdom of the community and issue rewards to support projects built on Stellar and Soroban. Over the past five years, SCF has helped launch, launch and grow more than 400 stellar-based projects. As the SCF scales, the Soroban Adoption Fund, now $100 million, aims to create more fertile soil where new projects can sprout, grow and bloom.
Application process
Submissions will open on February 13th, with the first deadline being March 12th. The application process is very simple, so if you have an idea for Soroban and/or Stellar be sure to go and submit an application. Award amounts range from $10,000 to $150,000, depending on the size and scope of the project.
Each 4-week cycle means a very short turnaround time for submissions, reviews and awards, with multiple opportunities to participate over the coming months.
Important message from SCF
The latest version of the SCF not only expands in size but also has the ability to process and distribute more awards. There is no upper limit on the number of winning projects in each round, and we fully encourage experimentation and innovation at Soroban. We want to reward any project that's good enough, so now is a perfect time.
Rewards for these rounds range from $10,000 to $150,000 in XLM per project. Projects submit budget requests in U.S. dollars, with final payment amounts in the equivalent XLM.
How to get involved in SCF?
If you’re not ready to submit an SCF proposal yet, congratulations to those who have made it this far! Now that you know, there are a lot of opportunities to be reaped. For those interested in submitting but unsure of what to build and develop, SCF hosts quarterly events that connect startups with members from SDF and the ecosystem to accelerate progress from ideas to viable solutions.
You can apply to participate before March 28 to be among the first beneficiaries.
Blockchain Education and Experimentation
If you need more time to familiarize yourself with Stellar and Soroban and get inspired, you can kickstart your blockchain education. The course will take you through the basic building blocks of Stellar until you are able to build smart contracts on Soroban. In addition, you can experiment, build, and patch on the platform, and earn XLM by submitting tutorials, code samples, etc. based on your experience building with Soroban.
SCF Reward Details: All SCF rewards are denominated in USD and issued in XLM. To ensure that the USD value of the reward is equivalent to the amount of XLM, the USD valuation of XLM will be calculated using the CF Stellar Lumens-USD settlement price managed, maintained and reported by CF Benchmarks Ltd., a cryptocurrency index provider.
It is important to note that participants acknowledge and understand that XLM is a high-risk and volatile asset and SDF does not provide any representations, guarantees or guarantees as to its value.
Conclusion
Stellar Community Fund 4.0 provides developers and innovators with an excellent opportunity to participate in an ecosystem full of potential. Whether you are an individual developer, a startup, or an educator, you can find your place on this platform. Seize this opportunity to become part of the Soroban ecosystem and drive the advancement of blockchain technology with developers around the world!