Back in December, Radix Tokens (Jersey) Limited announced the pilot launch of the Radix Grants Program, set to begin in February 2023. Following a successful round of applications, the team is excited to share that not five, but six successful applications have now been selected to participate in the first cohort of the program. 

Firstly, a huge thank you to the brilliant developers & entrepreneurs who submitted their applications to the program. The team was blown away by the talent, quality, and innovation presented across all 45 submissions and honored to already have such incredible, committed individuals within the community and ecosystem. As this is the first cohort of the Radix Grants Program, the application process was highly selective and incredibly challenging, and it was tough to narrow it down to the participants chosen.

After reviewing all the applications, doing the follow-up interviews, some tough decision-making, and a +1 added to the original capacity for the program (seriously, the projects were just too good), the team selected six successful candidates to become the first participants of the Radix Grants Program.

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Introducing: The Participants

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AlphaDEX

AlphaDEX describes itself as a “scalable and efficient on-ledger order book exchange platform that can be used by dApps on the Radix network to trade tokens, execute trading strategies and implement other financial products.” The project’s founder, Fred, has over 25 years of experience working in traditional finance and a long-lasting passion for computer programming, having written his first lines of code “on a neighbor’s Commodore 64.”

When Fred discovered Radix in 2018, he quickly realized that “Radix has everything that is needed to deliver the promise of a decentralized financial system for the world” and seized the opportunity to combine his love for programming and knowledge of the financial world to rebuild traditional financial products on a decentralized network. Soon after, he quit his job to become a full-time Radix developer and has been building on the network ever since.

To follow AlphaDEX’s progress and updates, follow the project’s official Twitter account or join the Telegram channel

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CaviarSwap

CaviarSwap describes itself as a “modern, cutting edge decentralized exchange (DEX) on Radix that provides safe single token liquidity pools and multi-token trading pools.” The founders, Tronn and Chris, met at Dresdner Bank in 2004, where they both worked in capital markets trading currency derivatives. They have since worked together at a number of tier 1 banks and set up several companies based around trading, tech, and DeFi.

Upon discovering Radix, it didn’t take long for the team to experience their first #RadixRevelation, and soon enough, they concluded that it was “the ideal platform to build and scale their plans for DeFi products.” 

After becoming validators at the Olympia mainnet launch, they minted the FLOOP token and started building centralized prototypes of their future projects - Radit, DSOR, and CaviarSwap. 

To follow CaviarSwap’s progress and updates, follow the project’s official Twitter account or join the Discord channel.

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Foton

Foton describes itself as a “marketplace and SDK for creating and monetizing interoperable NFTs and digital assets for games, art, brands, and communities on the Radix decentralized ledger.” The founders, Vlad and Rares, have combined experience in design, development, and tech, with background experience from Y Combinator. The two have been working together since 2017 but have been “waiting for the right DLT architecture to handle the scale of their project.”

The idea for Foton was born from a deep understanding of “the need for e-commerce solutions for digital assets powered by a DLT that can scale,” for which Radix “seemed to be the only viable solution that could accommodate the number of users and assets for mass adoption in a secure and user-friendly way.”

To follow Foton’s progress and updates, follow the project’s official Twitter account or join the Telegram channel.

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Hermes Protocol

Hermes Protocol describes itself as a provider of “real-time on-chain notifications for everyone set to enhance Web3 communication with privacy.” The project’s founders, Sérgio, Ana, and Duarte, share an extensive tech and finance background and initiated the Hermes Protocol concept to be built on the Terra network based on a shared belief that “evolving communications in web3 is key for accelerating adoption.” Since expanding from Terra, the team saw high demand for notifications and better communication in Web3 from both their following and the wider community. 

Upon discovering the opportunities presented with Radix at Consensus 2022, the team set their targets on growing their project within the Radix ecosystem and becoming integral members of the Radix community and Radix ambassadors for in-person events held across Portugal.

To follow Hermes Protocol’s progress and updates, follow the project’s official Twitter account or join the Discord channel.

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Ociswap

Ociswap describes itself as a “user-friendly swap environment that provides a fast, smooth and inexpensive trading experience and seeks to deliver a capital-efficient protocol that mitigates the occurrence of impermanent loss.” The founders participating in the program, Florian and Lukas, share an extensive background stretched across business, technology, and marketing and have been integral members of the Radix community for several years. The foundations for Ociswap were actually developed through their community connection and collective passion for Radix and DeFi. 

Before Scrypto, the team said they “couldn’t fathom how difficult and expensive the development of such a large project could have been,” and the launch of Radix’s smart contract language last year was the catalyst for them to make their vision of a secure, simple, and low-cost DEX a reality.

With their combined expertise and dedication to the cause, the team behind Ociswap is set on making the project the “one-stop shop” for Radix project tokens.

To keep up-to-date with the latest on Ociswap, follow the project’s official Twitter account or join the Discord channel.

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XRD.domains

XRD.domains is the primary developer of the ‘Radix Name Service’ – a community-owned project operated via The RNS Foundation (a DAO under development) – that describes itself as a provider of “memorable and human-readable Radix addresses and sources of trust.” The founders, Wylie and Liv, have ample engineering, design, and entrepreneurship backgrounds, with James beginning his programming journey at just 13 and founding his first venture at 17. 

The core members of the Radix Name Service have been long-term dedicated members of the Radix community, with three of the members – including Wylie, Beem, and Rock – having first hit things off at the Foohack hackathon in 2022. Dedicated to the network, a number of the team are further driving the Radix mission as Radix ambassadors and through additional Radix-based ventures. 

To follow XRD.domains’ progress and updates, follow the project’s official Twitter account, or join the Discord channel.

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What’s Next?

The pilot cohort of the 12-week program will be officially launching in February, and the team is beyond excited to get the ball rolling with the six fantastic onboarded projects. From masterclasses to retail space at Consensus 2023, there’s lots more to come, and there’ll be many more updates throughout the program. 

To learn more about what the program entails, have a look at the introduction page here.

Thanks again to everyone who took the time to apply – there’ll be updates on the launch of Radix Grants Program cohort 2 later this year, and the team is set on supporting applicants in every way possible. In addition, there’ll also be some pretty exciting activities and rewards coming up for developers to get involved in, so keep your eyes peeled on any social announcements via the Radix Twitter page or in community channels across Discord and Telegram.