This article was first published on Blog – Stellar
Continuing our series on the Stellar ecosystem, today we’ll be focusing on lumen distribution program updates.
Stellar Community Fund
Recapping our statement last week, “While we have active distribution programs like the Stellar Build Challenge and the Partnership Grant Program, one of the things we’ve heard requested is a method for the community to participate in guiding lumen distribution. Therefore we’re excited to announce the Stellar Community Fund.”
The goal of the Community Fund is to award projects the community deems of high value to the ecosystem, or otherwise worthy of support. Unlike the SBC, which is judged by SDF, the Community Fund will be run completely by people voted-in by the Stellar community. SDF will oversee the pool, but distribution will be handled by these elected Community Ambassadors. This system should incentivize community members to choose ambassadors that are diligent and motivated. The community fund pool can be used for any project these ambassadors deem worthy (applications, artwork, tutorials, etc)!
Ambassadors will be voted in by the community bi-annually. This gives them 6 months of access to the funding pool. In order to award a project, delegates will take proposals from projects and community members. After reviewing, Ambassadors will vote on whether or not to pass the proposal. If the proposal passes review, ambassadors will decide how many lumens to grant to a project out of the pool. Once the pool is depleted for a cycle, no new grants can be given.
Stay tuned for more details! We’ll publish the full program description on Stellar.org in Jan 2019.
Partnership Grant Program update
The Partnership Grant Program was established in 2017 to provide support for exceptional projects in the Stellar ecosystem, and to encourage targeted development around activities fundamental to the growth of the network.
We are ...
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