A Tale of Two Crypto Development Funding Mechanisms

[Mark Mason]

A Tale of Two Crypto Development Funding Mechanisms

Everyone needs money, even decentralized open-source projects such as cryptocurrencies, and many have their own way of raising funds for development and other purposes. Litecoin is struggling to find donations to fund ongoing development. Dash is currently undergoing a difficult budget cycle with low turnout due to various technical issues. We can learn a whole lot from looking at the tough month affecting two radically different approaches to funding.

Read more - https://dashnews.org/a-tale-of-two-crypto-development-funding-mechanisms/​

 

[AgnewPickens]

Don't most cryptos have dev/founder funds that they use for these type of things

Coins launched via crowdsales or ICOs have founder funds, but that is not the same thing as having an ongoing and governance managed Treasury like Dash has. Founder funds can be exhausted, mismanaged, or misappropriated and once they are gone, they are gone. With Dash' Treasury model, funding for development is measured out as it is needed, there is no group of founders sitting on a central store of reserve coin supply that can cause these problems.