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Are there any incentives available for developers who want to build applications on top of this platform (grants bounties etc.) ?

Yes, there are incentives available for developers who want to build applications on top of the Terra platform.

The Terra team has created a grants program that provides funding for projects that build on the Terra blockchain. This program is open to developers, entrepreneurs, and researchers who are interested in building applications and services on top of the Terra blockchain. Additionally, the team has also launched a bounty program that rewards developers for finding bugs and vulnerabilities in the platform.

Finally, the team also offers grants to projects that are building on top of the Terra blockchain. These grants can be used to cover development costs or other expenses related to building applications on top of the platform.

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