The blockchain project Lisk has been one of our most favourite projects with unmatched potential to make huge change in real life blockchain application. Up till now Lisk is still the most active project on GitHub.
As witnessed in many other blockchain projects, two of the foremost rate determining steps before the brand can kick off into mass recognition is to have a strong community and solid technology behind the brand.
As delegate of Lisk, it is of our responsibilities and benefits to fortify the two pillars, allowing Lisk to have more resources in developing their core backbone of the project. Hence we come up with an idea of creating a LSK Fund, dedicated to consolidate what we have now and make expansion to other area.
Why another fund?
Multiple one-off donation based platforms exists within the ecosystem, however, technology and community development is not a single step process.
Project contributors often required to engage in a long term dedication. This ideally is fuelled by passion of volunteer’s works, yet, this often will abrade the enthusiast’s further work when the excitement fades. Many software developers and engineers have high opportunities cost and therefore require substantial and long term compensation for their valuable input to any projects.
The main difference between LSK fund and other funding pool is that, we require the donors to have continuous contribution from their delegate rewards.
All donors will be required to become panel members of the fund, contributing to the Fund managements. This will provide a greater leverage and flexibility on the resources that the panel members donated from their own pockets, maximizing the outcome to the Lisk ecosystem.