Arthur Hayes's Maelstrom Fund Unveils Grant Program To Boost Bitcoin Development: 'As Loyal Followers Of Lord Satoshi, We Are Doing Our Part'
Portfolio Pulse from Aniket Verma
The Maelstrom Fund, led by BitMEX co-founder Arthur Hayes, has launched a grant program to support Bitcoin development. The program will provide annual funding of $50,000 to $150,000 per developer, with a cap of $250,000 per year. The grants aim to enhance Bitcoin's resilience, scalability, censorship resistance, and privacy. Payments will be made in BTC, USDC, or USDT.
July 18, 2024 | 4:04 am
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POSITIVE IMPACT
The Maelstrom Fund's grant program aims to enhance Bitcoin's technical development, potentially increasing its resilience, scalability, and adoption.
The grant program directly targets Bitcoin's technical development, which could lead to improvements in its resilience, scalability, and overall adoption. This positive development is likely to have a favorable impact on Bitcoin's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Maelstrom Fund's grant program includes payments in USD Coin (USDC), which could increase its usage and demand.
The inclusion of USDC as a payment option in the grant program could lead to increased usage and demand for the stablecoin, positively impacting its market position.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The Maelstrom Fund's grant program includes payments in Tether (USDT), which could increase its usage and demand.
The inclusion of USDT as a payment option in the grant program could lead to increased usage and demand for the stablecoin, positively impacting its market position.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50