Development Update March 3rd 23'

In this article we’re going to share with the community an idea that could help other ecosystem projects get the support they need and hopefully start a fruitful conversation on this topic. At the same time we want to mention the importance of close collaboration between projects in a thriving ecosystem. So let’s get to it.

Recently we’ve seen an increasing number of so called “community driven” projects from various ecosystems grow in popularity. They’re typically projects without any tokens sold to private investors at discounted prices. That idea of everyone being equal from the start has been a strong incentive for users to support those projects and get involved. During our weekly brainstorming sessions we thought how we can take this and apply it to the Kadena ecosystem? Let’s see what we came up with:

In previous articles we’ve announced our swap feature which has a straightforward revenue model, a fee for the service that we’re providing. We then thought how would it be if a share of that fee gets redirected to a community DAO focused on supporting ecosystem projects? We’ve seen this idea of a community fund mentioned quite a few times so far and it might be something worth looking into more. There are many builders that lack support but are recognized by the community and we believe we can do something about it. We’re curious what you think about this approach and please reach out to us if you have more ideas or want to expand on this one.

We also believe another essential aspect of a strong ecosystem is collaboration between projects, of course with mutual benefits. We’re discussing with several projects different ways through which we can deliver high-quality products to our users in an efficient way. If you are a project founder and you see an opportunity to work closely with us, please reach out, we’re happy to chat.

Until next time!

Radu