The funds will be used for two aspects – product development & marketing incentives. 

**Product development:**
Apart from development and testing costs, this portion of the funding will also be allocated to commissioning 3rd-party auditing of our smart contract(s), providing incentives to our bounty program, and setting up 3rd-party security monitoring. 
Budget for product development:
- Development & testing: $35k 
- Audit: $25k 
- Bounty program: $15k
- Security monitoring services: $20k

**Marketing incentives:**
Grant funds will mainly be allocated as incentives for the community to participate in our marketing events. A small portion will be used as a budget for external marketing (third-party channels, PR announcements, introduction articles, etc.). 
Budget for marketing:
- Incentive Programs: $50k 
- Other marketing expenses: $5k