BonusBlock Receives $25’000 grant from Covalent

Hello community!

With great pleasure, we have been the recipients of a $25’000 service credit grant provided by the Covalent team! This is great product validation that we are on the right track!

BonusBlock is developing the first marketplace that connects high-quality users with new and existing projects that they want to onboard. Users will be earning substantial fees. The level of fees users will get is above 50% of what BonusBlock gets from projects. Regulating with BONUS token, users can get the shared fees up to whopping 90% of what BonusBlock brings in.

What Covalent does to power our project today

We use Covalent’s API’s for analyzing the activity of wallets, clustering different categories such as NFTs, DeFi, Transactions and Volume. These services guarantee easier access to any blockchain network's on-chain data, as Covalent supports over 200 blockchain networks. Since BonusBlock value comes from providing what quality tier the wallet is in and what dollar value can be assigned, the most important part is the on-chain analysis part. Having a strong partner like Covalent with their services will help us achieve faster and better results on our Marketplace launch.

How this grant will help further BonusBlock project

With this, we will use the grant to build full support for Ethereum Network user analysis and expand to Layer-2 like Arbitrum and Optimism. The next part will be BNB Chain, which after that we will start working on majority of the Cosmos Ecosystem networks, where we also have a majority of partners like Injective, EclipseFi, Archway, and Nibiru Chain using our products.

What is Covalent?

Covalent is a hosted Web3 data provider offering a Unified API to bring full transparency and visibility to assets across all blockchain networks.

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