Bitcoin Beach in El Salvador launches campaign to develop circular BTC economy globally
Bitcoin Beach, in collaboration with Geyser and the Bitcoin Federation for Circular Economy (FBCE), has announced a round of Bitcoin Beach Grants aimed at advancing the Bitcoin circular economy globally. This initiative aims to support the emerging Bitcoin circular economy seeking growth through local Bitcoin education, merchant adoption, and Bitcoin-enabled community initiatives.
🌎 Exciting news! Introducing a new global campaign. #Bitcoin Circular economy. The team #Bitcoin Beach is pleased to announce a new campaign to support emerging businesses. #Bitcoin Global Circular Economy Powered by Partnership with @geyserfund and @FBC Global… pic.twitter.com/c07orDqFmk
— Bitcoin Beach (@Bitcoinbeach) May 7, 2024
Bitcoin Beach grant participants can enhance their local Bitcoin circular economy efforts through educational resources, grant funds, and ongoing mentorship.
The application process will see participants take part in a series of online workshops, followed by an online application stage where a global evaluation panel will identify recipients. More information about the workshop schedule, application timeline and funding criteria will be released soon, according to the release.
A total of 0.5 BTC (equivalent to $31,129 at the time of writing) has been allocated for this grant round and will be distributed to 22 projects as follows:
- .05 BTC granted twice
- .02 10 BTC granted
- 10 .01 BTC granted
Bitcoin Beach Grants provide educational resources, grant funding, and ongoing mentorship to promote local Bitcoin circular economy efforts. Participants will participate in online workshops and submit applications for evaluation by a global panel, with detailed timelines and criteria to be provided soon.
Additionally, a 0.1 BTC reserve will be allocated based on the post-application review decision of the Global Evaluation Panel. The reserve aims to have a broad impact across the Bitcoin circular economy by supporting as many eligible projects as possible.
Bitcoin Beach in El Jonte, El Salvador, is one of the pioneers of the Bitcoin circular economy and serves as a pivotal model for this initiative, influencing the acceptance of Bitcoin as legal tender in El Salvador. In line with Geyser’s crowdfunding platform and FBCE’s mission to drive the Bitcoin circular economy globally, this grant will help replicate the success of Bitcoin Beach in more communities around the world, tailored to the specific needs and priorities of each region. I want to do it.
Those interested in applying for Bitcoin Beach Grants can do so here.
