Pending MgChamp - Grant Application

[MgChamp]

Firm Name
NER

Which grant pool are you applying for?
Innovation, Startup, Research and Development (R&D)

How do you plan on using your grant funding?
The grant funding will be used in backing up physical assets for commodities such as Netherite or Gold.

Our goal is make 1,000 units of Netherite commodity which will be traded freely on the Stock Exchange.

Netherite is available at a price of 130$/ingot and hence we will be able to purchase 1,000 units with the grant amount.

NER operates on very low profits so that we can cater to all types of investors hence it is impossible for us to finance this project.

It will be a huge help if DOC can help us finance this

Ideal Grant Amount $130,000

If awarded, I intend to use the grant money allocated to me for its intended purpose on which it was approved for, and provide a breakdown in my application thread of how the funding was used.
Yes

 

[n1cola]

Congratulations NER, a partial grant of $25,000 have been disbursed. As you use these funds, please provide evidence and details (e.g. screenshots) on how it is getting used to meet its intended purpose!

 

[MgChamp]

Amount spent

46 Netherite ingot @ 105 each = 4830
192 Netherite ingot @ 105 each = 20,160

Total amount spent = 4,830+20,160 = 24,990