DECENT recently announced its Software Sale starting on 10 September 2016. We received a lot of inquiries from the community concerning tokens distribution and their use. Let me put everyone on the same page.
DECENT is on a mission to fundamentally change the way digital content is distributed. The main focus of DECENT team is on long-term goals of disrupting e-books, music, photos, software, video sharing and streaming industries. In order to achieve our long-term vision, we separated budget projections into multiple milestones and made a time plan of its best use.
We at DECENT Foundation would like to mitigate the risk of running out of money and not achieving our goals. Similarly, we do not want to be left to external sources of funding or slowing down due to the lack of funds or exchange rate volatility, as already happened in the past in other blockchain projects, as for example:
Buterin: “All in all, the Foundation’s monthly expenditures have now been reduced by over half from our 2015 peak of over 400,000 EUR per month, and currently stand at a monthly sum of about 175,000 EUR (~188,000 USD). ”
Moreover, in the case of less successful Software Sale, we are going focus on finding possible ways how to proceed further towards our long-term goals. Thus, we try to assuage this risk by keeping a part of DCT for DECENT Foundation, that will only be used in the case of running out of money raised in DECENT Software Sale and only for Foundation’s operations and development of DECENT Network & Ecosystem.
Funds raised during DECENT Software Sale are going to be used in the following way:
- 70%: Development and Operations of DECENT Foundation
- 15%: Legal Contingency Fund
- 10%: Marketing & Community Outreach
- 5%: Blockchain Development Fund
As there is no upper cap on the total number of DCT given away during DECENT Software Sale, some of the various possible outcomes are depicted in the following three scenarios:
Scenario 1: Raising $1M
This means, that in the very pessimistic case of raising only $1M, the funds will be used as follows:
- $700k: Development and Operations of DECENT Foundation
- $150k: Legal Contingency Fund
- $100k: Marketing & Community Outreach
- $50k: Blockchain Development Fund
Scenario 2: Raising $5M
In the case of raising $5M:
- $3.5M: Development and Operations of DECENT Foundation
- $750k: Legal Contingency Fund
- $500k: Marketing & Community Outreach
- $250k: Blockchain Development Fund
Scenario 3: Raising >$10M
If we manage to raise >$10M:
- $7M: Development and Operations of DECENT Foundation
- $1.5M: Legal Contingency Fund
- $1M: Marketing & Community Outreach
- $500k: Blockchain Development Fund
“Promotion, protection, and standardization of Linux by providing unified resources and services needed for open source to successfully compete with closed platforms.”
And that of Apache Software Foundation:
“…to support Apache software projects, including the Apache HTTP Server”
And that of Mozilla Foundation:
“…to support and collectively lead the open source Mozilla project”
We will keep our promises and maintain stable DECENT-Core of DECENT Network, develop and support products bolstering DECENT Ecosystem. This consists of launching and supporting the development of high-tech top notch ventures that would have a great chance of crossing the chasm of blockchain technologies and eventually get to mainstream markets.
A significant portion of DCT that belong to DECENT Foundation would be used to fund projects aiming to disrupt digital content distribution using DECENT Network.
More updates coming up soon.