Announcing the Community Fund

Lisk team is introducing the Community Fund, which will act as a decentralised funding vehicle for new blockchain applications, third party tools and core contributions from our community.

The Community Fund

The goal of the Community Fund is to collect LSK to guarantee decentralised, long-term development of the Lisk ecosystem. Everyone can voluntarilydonate LSK to the Community Fund, however we believe the majority of the donations will come from active delegates. As described in our development roadmap we plan to develop a decentralised voting and proposal mechanism during Eternity. This tool will be utilised for all Community Fund spendings in a decentralised, community-led way.

During Eternity, the Community Fund will be controlled by 16 known curators (a mix between team members, community members and public individuals) in a multi-signature account. The curators will be elected through the same decentralised voting mechanism used for decision making.

More information will be made public once we are closer to the Eternity phase.

Community Fund address: 15841793714384967784L

Legal Liability

The Lisk Stiftung in Gründung (Lisk Foundation in establishment), temporary escrow agent for the Community Fund, obligates itself to a binding agreement with the Lisk community to not transfer the collected LSK to the curator’s multi-signature account before the end of 2018.

Once the Stiftung (Foundation) is established we will provide a legal document.

The Lisk founders make the first step

As a first step we, the Lisk founders Max Kordek and Oliver Beddows, both donated 50,000 LSK to the fund. We hope that everyone makes a contribution, as small as it may be. Every single LSK can make a difference in the future.

Community Fund Contributors

In Resilience we will rebrand the Lisk ecosystem; during that process we will launch a new website with a dedicated page for the Community Fund in which all contributors will be listed.