All grants submitted must undergo a $PRIME voting process. This process has 4 steps:
Step 1 – Pay a fixed, non-refundable fee of 2 $PRIME to submit a grant application on echelon.io.
Step 2 – Reach the appropriate quorum [
Prime Update section 2.4] over a two-week voting window to qualify. Per quarter, the top 3 grant applications that reach quorum will move to EP review. The remainder of applications that reach quorum, but are not in the top 3, will be wait-listed or reviewed at the EPs discretion.
Step 3 – Successfully pass EP review. Refer to Echelon
Charter section 4.1.1 for info.
Step 4 – Receive clearance from the Echelon Governance Board prior to implementation.