VeChain Woos Terra (LUNA) Developers With a $30k Grant Program.
While the Terra team struggles to solve the Luna ecosystem’s issues, other blockchain networks are now stepping in to capitalize on the situation. One of these is VeChain, which has been trying to attract Terra developers to join its network.
In a tweet, the VeChain Foundation went on a charm offensive to warm up to the potential developers who may no longer be happy to stay with Terra.
VeChain is now offering up to $30k in help for developers to migrate their Layer1 chains to VeChain.
VeChain prides itself as a strong Layer 1 (L1) smart contract platform for enterprises. It also claims to have a low-carbon emission and has a scalable blockchain network.
#Luna_Terra #Developers if you're looking to migrate #Layer1, we're offering up to $30k to help!#VeChain is a leading enterprise-grade public #blockchain, 100% uptime, #Sustainable & rapidly growing in the EU.
Join us & #buidl the future! DM open https://t.co/NloutqKBwX$LUNA
— VeChain Foundation (@vechainofficial) May 16, 2022
The VeChain Developers’ Grant
While going on in its attempt to woo developers, VeChain shared a link to its grant application page. Apparently, the grant covers a number of development projects including tools and infrastructure, application development, and blockchain-related research.
There’s an allowance of up to $30k for each stand-alone project, with a possible 50% bonus for Economic X Node. Developers can use the blockchain to develop and field social media, NFT, DAO, identity management, and DeFi platforms.
While VeChain’s efforts and grants to attract developers from Terra Luna may be tempting, it’s still not yet clear if anyone has migrated to the blockchain.
Besides, this may not be attractive to the Devs at the moment as the Terra team plans to create a LUNA fork and airdrop to its users and stakers – in which case the developers on the network stand to gain.
Some Fans Aren’t Happy
A quick look at the Twitter reactions following VeChain’s wooing attempt shows that fans are not happy with this move. Some fans wonder whether the blockchain network hasn’t had a clear development plan that it has to offer money to developers to make them join its network even after years of existence in the industry. VeChain hasn’t responded to these queries.
we lost a lot of money but the moment is serving to show who is who and how much the market is still amateur. Offering money for devs from another project to migrate seems strange to say the least, so VET doesn't have a development structure even after several years?
— G. André Melo (@gandre1) May 16, 2022
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