By Abhijeet
Bengaluru, February 20, 2025 – Okto, the leading Chain Abstraction Layer, is thrilled to announce the launch of its Okto Grants Program. Developers with a compelling idea, projects with proven proof of work, a live project or one ready to scale are eligible for grants of up to 2.5 Million Okto points, with funding decisions typically made on a monthly basis. Designed to fuel ecosystem growth, the program empowers developers and projects to build on the Okto platform while rewarding them for onboarding users to its embedded wallet SDK. With the Token Generation Event (TGE) scheduled for March 2025, the Okto Grants Program aims to create a vibrant, user-centric ecosystem that bridges the gap between Web2 and Web3.
The Okto Grants Program is structured to incentivize developers and projects to integrate the Okto embedded wallet SDK, enabling seamless onboarding of millions of users.
Why Build with Okto?
- One-Click Onboarding: Simplify user access to Web3 apps.
- Interoperable Wallets: Manage assets across multiple chains without bridging.
- Data Abstraction: Unified wallet balances and indexed on-chain events.
- Time-to-Market Advantage: Build faster with a 95% reduction in time compared to traditional methods.
- Developer-Friendly Tools: Okto Blocs offer pre-built APIs for quick integration.
“For Web3 to truly become all-pervasive and touch every tech stack in the world, we need to bring Web3 to the users and developers, and not the other way around,” said Rohit Jain, Head of DeFi Initiatives at Okto. “At Okto, our mission is to empower developers and accelerate the adoption of Web3. With our Okto Grants Program, we’re rewarding early adopters who are helping bridge the gap between Web2 and Web3. This initiative is designed to foster community-driven innovation and create a thriving ecosystem where developers can seamlessly integrate blockchain into their apps. As we approach our TGE, we’re excited to see the transformative impact this program will have on the future of blockchain technology.”
How Much Can You Get?
The Okto Grants Program rewards developers for integrating Okto SDK and driving wallet activity on their products. Here’s how it works:
- Initial Grant Allocation:
Each project can unlock up to 125,000 Okto points i.e. 5% of the total points pool after integrating Okto SDK and having at least one Monthly Active Wallet (MAW). - Milestone-Based Rewards:
You earn Okto points per monthly active wallet onboarded* to your product via Okto SDK. For example:
- Onboarding 1,000 monthly active wallets earns you 20% of the total Okto points supply i.e. 500k Okto Points, which can be converted into $OKTO tokens during the Token Generation Event (TGE).
Grant Unlock Milestones
| Monthly Active Wallets (MAWs) | Unlock % | Cumulative Unlock Value |
| Initial Grant Allocation | 5% | 125,000 |
| 500 | 10% | 250,000 |
| 1000 | 20% | 500,000 |
| 5000 | 35% | 875,000 |
| 10000 | 50% | 1,250,000 |
| 25000 | 65% | 1,625,000 |
| 50000 | 80% | 2,000,000 |
| 100000 | 100% | 2,500,000 |
About Okto
The Okto ecosystem aims to simplify Web3 for everyone. At its core, it is a chain abstraction, and orchestration layer designed to simplify blockchain development. By offering web2-like modular APIs to help both new developers and experienced teams to build efficiently on the blockchain.
Okto ecosystem is experienced by 20Mn+ users while under development in the pre mainnet phase. Key components include the Okto Chain, Okto SDK, Okto wallet and Okto partners ecosystem.
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