The Community Fund DAO was set up to promote the development of the NEM ecosystem by funding NEM start-up companies to help jump-start their businesses. It is open to everyone who meets the minimum requirements.
Approximately 300 million XEM was allocated for this fund during NEM’s Nemesis block. As the fund is limited, applications and approval will be based on a first come first serve basis along with other criteria. Entities are allowed to re-apply for rejected applications provided that these applications have addressed the reasons why they were rejected.
The following are the minimum guidelines and requirements for an application to be considered. The more information provided in the application, the better the assessment that can be made by the committee and the community in evaluating the application.