Topic: Incentivizing Developers Instead of ICO (Read 122 times)
Hey, thanks for the relo. Thought Project Development was the question.
I'm working with a project that has a unique approach to blockchain software development and would like to get opinions from those on the forum. Instead of fund-then-build (maybe) as many ICOs have done--usually getting fat and complacent--the project I'm working on is completely bootstrapped, and has created a token only issued to developers and early contributors of the project.
Those tokens are not sold by the project or shilled, instead they become part of a licensing model in which commercial projects must obtain (purchase) tokens and submit them for a license for the first 10 years. Tokens for commercial licenses get burned, creating additional value for the (incentive) token holders (founders, developers, contributors).
The software is released under Creative Commons, allowing anyone to view the code (and non-commercial uses are allowed with sitation/credit). After 10 years, the software becomes open to everyone, even for commercial use.
Has anyone hear of a model like this? Bootstrapped all the way to main net, build-then-reward instead of fund-then-build? Maybe there are lots of sleeper projects like this. (And even big projects may only have a handful of dedicated heads).
*Note I'm not getting into how the project will achieve distinction, you can do your own research. The project is private, not open source.
Those tokens are not sold by the project or shilled, instead they become part of a licensing model in which commercial projects must obtain (purchase) tokens and submit them for a license for the first 10 years. Tokens for commercial licenses get burned, creating additional value for the (incentive) token holders (founders, developers, contributors).
The software is released under Creative Commons, allowing anyone to view the code (and non-commercial uses are allowed with sitation/credit). After 10 years, the software becomes open to everyone, even for commercial use.
Has anyone hear of a model like this? Bootstrapped all the way to main net, build-then-reward instead of fund-then-build? Maybe there are lots of sleeper projects like this. (And even big projects may only have a handful of dedicated heads).
*Note I'm not getting into how the project will achieve distinction, you can do your own research. The project is private, not open source.
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