I'm very proud to announce that the IOTA Whale's Club is now secured with 20Ti (aprx $200k) escrowed by the IOTA Foundation!
The Whale's club is designed to fund and kickstart the IOTA ecosystem. The club is made and fully funded by the community for the community!
Current Funds resides in this address, it will be moving once we start using it.
You are welcomed to pass on additional donations to the club.
JLXWUFISBD9ICNUYO9RRPS9ALSDEZMXTMCVTHDP9WAQSFBHQXAAWBZTVFBQYFINKEJENBAHJEPA9KQK YYTHWOXJSEY
Check it on http://iota.cool/
https://forum.iotatoken.com/t/iota-whales-club-secured-20tis/1179
https://twitter.com/lueyforje/status/834719032066519040
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Welcome to the IOTA Whales'Club! Anything that can help progress the ecosytem of IOTA deserves a funding.
This is a guideline on how to get funding from the club.
We welcome all members of the public (developers, small startups, proof of concepts, marketing or simply experimenting/research and more) to take a pitch at getting funding for their projects related to IOTA. Anything that can help IOTA in any positive way.
These are the process you need to follow to get funding.
1.You will start your application through #general channel on https://iotatangle.slack.com/
You can get yourself an invite for the slack here at http://slack.iota.org/
2.If your idea is liked by any of the club members, they will invite you to our private channel #thepitch
Or if you feel that your project and needs certain levels of descretion you may talk to the iota foundation members (eg. @David @Dom)
and they can invite you direct into the WhalesClub #whalesden for a more confidential pitch.
Or if you know any of the club members you can directly talk to them about it first and they can invite you to the correct channel for your funding needs.
3.You tell us your ideas/plans/roadmaps/costs/benefits etc. to the club members in there, and all members will decide for themselves if they would want to pitch in any funds for your project.
4.Club members will either require a 50% of whales voting agreement or get an agreement from @david for approval to release funds.
(This is designed so that members cannot fund into fake their projects to withdraw out their pledged funds. Club members are allowed to take a pitch as well.)
5.We will then ask the IOTA Foundation to release the amount approved for your funding.
The Whale's club is designed to fund and kickstart the IOTA ecosystem. The club is made and fully funded by the community for the community!
Current Funds resides in this address, it will be moving once we start using it.
You are welcomed to pass on additional donations to the club.
JLXWUFISBD9ICNUYO9RRPS9ALSDEZMXTMCVTHDP9WAQSFBHQXAAWBZTVFBQYFINKEJENBAHJEPA9KQK YYTHWOXJSEY
Check it on http://iota.cool/
https://forum.iotatoken.com/t/iota-whales-club-secured-20tis/1179
https://twitter.com/lueyforje/status/834719032066519040
-----------------------------------------------------------------------------------------------------------------
Welcome to the IOTA Whales'Club! Anything that can help progress the ecosytem of IOTA deserves a funding.
This is a guideline on how to get funding from the club.
We welcome all members of the public (developers, small startups, proof of concepts, marketing or simply experimenting/research and more) to take a pitch at getting funding for their projects related to IOTA. Anything that can help IOTA in any positive way.
These are the process you need to follow to get funding.
1.You will start your application through #general channel on https://iotatangle.slack.com/
You can get yourself an invite for the slack here at http://slack.iota.org/
2.If your idea is liked by any of the club members, they will invite you to our private channel #thepitch
Or if you feel that your project and needs certain levels of descretion you may talk to the iota foundation members (eg. @David @Dom)
and they can invite you direct into the WhalesClub #whalesden for a more confidential pitch.
Or if you know any of the club members you can directly talk to them about it first and they can invite you to the correct channel for your funding needs.
3.You tell us your ideas/plans/roadmaps/costs/benefits etc. to the club members in there, and all members will decide for themselves if they would want to pitch in any funds for your project.
4.Club members will either require a 50% of whales voting agreement or get an agreement from @david for approval to release funds.
(This is designed so that members cannot fund into fake their projects to withdraw out their pledged funds. Club members are allowed to take a pitch as well.)
5.We will then ask the IOTA Foundation to release the amount approved for your funding.
Are the whales making donations to projects, or investing in them?
They are pledging them, funds pledged are sent to IOTA Foundation for escrow and are not refundable.
They can only to be used for making progress to IOTA, so whales choose whether they want to fund a project by donation or investment with a promise of some return benefits etc.
That is up for further discussion between the funding whales and project managers etc.
