Expanding our go-to-market support with the new IOK Fund
Introduced in August 2023, the Ignite on Klaytn (IOK) Program has proven to be a success, providing comprehensive support to help developers build and launch quality DApps on Klaytn.
Today, we are excited to introduce the new Ignite On Klaytn Fund, an expansion to the IOK Program that provides financial and ecosystem support to help DApps that have already integrated Klaytn with their go-to-market (GTM) activities.
Financial support and more
The IOK Fund is structured such that each applicant will select an IOK partner based on their GTM needs, and if the application is successful, up to 20,000 USD worth of KLAY will be disbursed to the selected partner for the purpose of providing GTM support and services for the qualifying applicant. This structure was designed to optimize the impact of the grant by leveraging the expertise of the IOK partner to maximize ROI.
Beyond the grant, these teams will also receive active support from the foundation and our ecosystem partners to kick start their Klaytn project, including the conducting of airdrops, user acquisition, and marketing campaigns.
IOK Fund options
There are two types of fund options:
Fund Option A: Up to 10,000 USD worth of KLAY
Candidates will be selected based on the following factors:
- Commercial metrics: Projected number of weekly active users, number of unique wallets, number of transactions, TVL, or other relevant metrics that the applicant aims to achieve with the IOK Fund.
Fund Option B: Up to 20,000 USD worth of KLAY
Candidates will be selected based on the following factors:
- Commercial metrics: Projected number of weekly active users, number of unique wallets, number of transactions, TVL or other relevant metrics that the applicant aims to achieve with the IOK Fund.
- Ecosystem contribution: A proposed KLAY burn plan equal to at least 30% of the application amount.
For commercial metrics, we will consider the sector-specific characteristics of the supported DApp categories as below:
| Gaming/NFT Users (WAU, DAU, MAU) – Wallet Addresses (Active, Unique) – Transactions – Volume – No. of Integrations – No. of Partnerships – No. of NFTs minted User Retention – DeFi Users (WAU, DAU, MAU) – Trading Volume (Daily, Monthly) – TVL – No. of Integrations – No. of Partnerships Infra/Tooling – Users (WAU, DAU, MAU) – Wallet Addresses (Active, Unique) – Transactions |
Applying for the IOK Fund
To apply, simply fill in the form by clicking the button below. After an internal review, Klaytn Foundation will reach out to eligible applicants to provide individual guidance on how to proceed.
FAQ
Is this an evergreen program?
– Yes, as part of the evergreen IOK Program, the IOK Fund will always be open for application barring exceptional circumstances.
How long does the application and selection process take?
– While we aim to process all applications as quickly as possible, please allow up to two weeks for application processing.
What will happen after the chain merge with Finschia?
– If the chain merge proposal is approved, we will still continue to support DApps that have completed Klaytn integration.
Can only IOK Program applicants apply for the IOK Fund?
– No, the only application requirement for the IOK Fund is that the DApp must already have completed Klaytn integration.
What do successful IOK Fund applicants need to do?
– DApps that receive IOK Fund support will be required to provide Klaytn Foundation with a results report or equivalent that proves the achievement of their on-chain goals as stated in their application. More details will be provided to the applicants upon selection.
