Nxt Forum

NxtForum Archive => Community Funding Committee (CFC) => Topic started by: Cassius on February 20, 2015, 08:37:51 am

Title: New Community Funds Committee: accounts and updates
Post by: Cassius on February 20, 2015, 08:37:51 am
We have a new Community Funds Committee. The torturous details of how this came about can be viewed here: https://nxtforum.org/general-discussion/new-community-funds-committee-%28cfc%29-members-self-nomination-thread/ Thanks to Damelon for making it happen.

A couple of pieces of business to start with:
1) New account and balance
neer.g and Pouncer have transferred funds (642'354.88754024) from the old Marketing Funds (NXT-RBR6-EFX3-TSSA-7SXEX) to the new CFC Account 1 (NXT-NDPN-KL88-G9CA-45PXP), held by Pouncer.

Current balance of the CFC Account 1 is 3,569,325.98754024 NXT
The old account will be maintained in case funds are paid into it in the future.

2) Payments for Holger
Payments to Holger for core dev work have been authorised. These include 50,000 NXT for his contributions so far (UI for 2P, refactoring, notifications, and UI for coin shuffling), and a recurring payment of 30,000 per month for the 6 months from March to August. Total: 230,000 NXT. Thank you to Holger for all his work to date.

Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on February 25, 2015, 08:22:11 am
As per the above decision:

The one-off payment of 50,000 NXT has been made to HolgerD77. Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 13931786771986363321 (http://www.mynxt.info/transaction/13931786771986363321)

Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on March 01, 2015, 02:03:12 pm
From Pouncer:
The following recurring payments have been made for the month of March 2015:

Recipient: Kushti
Amount: 50,000 NXT
Receiving Account: NXT-PKXM-WH25-UXXG-CJAVD
Tx ID: 3519815259493721735

Recipient: Lyaffe
Amount: 50,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 1593563841679444296

Recipient: HolgerD77
Amount: 30,000 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 9807269739032583325
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on April 01, 2015, 02:11:41 pm
Another notification from Pouncer about recurring payments, made for the month of April 2015:

Recipient: Kushti
Amount: 50,000 NXT
Receiving Account: NXT-PKXM-WH25-UXXG-CJAVD
Tx ID: 14372276271431059012

Recipient: Lyaffe
Amount: 50,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 1195310135738267952

Recipient: HolgerD77
Amount: 30,000 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 17462337959871219699

Great work guys, and thanks very much.

Other business: NFD received via NxtAT has been redeemed into NHZ, see account No: NHZ-2EEF-UDUV-44GY-HGXC3 (https://explorer.horizonplatform.io/?page=account&id=17342147011208556941)
The passphrase for this account has been recorded in this encrypted AM (http://www.mynxt.info/transaction/11814028601337113366), so whoever has access to this CFC Account in the future will be able to access our NHZ account.

CMC now has 256,000 HZ.

Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on May 01, 2015, 10:04:59 am
The following recurring payments have been made for the month of May 2015:

Recipient: Lyaffe
Amount: 50,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 17207288408699858009

Recipient: HolgerD77
Amount: 30,000 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 2631555053090005986

The recurring payment for Kushti has been stopped on his request, dated 1 April.
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on May 07, 2015, 08:00:08 am
From Pouncer:
The following payments have been made:

Recipient: JoeFox
Amount: 30,000 NXT
Receiving Account: NXT-DBDW-STA8-ARBE-6JRPA
Tx ID: 9038016342774064746
Purpose: Setup & maintenance of NxtWiki

Recipient: JoeFox
Amount: 20,000 NXT
Receiving Account: NXT-DBDW-STA8-ARBE-6JRPA
Tx ID: 6948060350981429508
Purpose: SSL Certificate for nxtcrypto.org

Thanks to JoeFox for all your work on Nxt.
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on May 16, 2015, 07:46:37 pm
From Pouncer:

The following payment has been made:

Recipient: HolgerD77
Amount: 7,500 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 11397110888126688179
Purpose: Payment to HolgerD77 to partially cover bounty payments for the 1.5 client translation.

As ever, thank you Holger.
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on May 31, 2015, 07:00:30 pm
The following payment has been made:

Recipient: HolgerD77
Amount: 10,000 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 10230599019551609105
Purpose: Extra 10,000NXT bounty to HolgerD77 for translation work on NRS 1.5.x UI
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on June 01, 2015, 07:27:22 am
From Pouncer:

The following recurring payments have been made for the month of June 2015:

Recipient: Lyaffe
Amount: 50,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 14760342735796035229

Recipient: HolgerD77
Amount: 30,000 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 13387945961438972479


The following one-time payment has been made:

Recipient: Damelon
Amount: 50,000 NXT
Receiving Account: NXT-D6K7-MLY6-98FM-FLL5T
Tx ID: 6823901140162256212
Purpose: PayExpo
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on June 02, 2015, 03:47:50 pm
Recipient: EvilDave
Amount: 21,500 NXT
Receiving Account: NXT-TMVC-69YC-SJB4-8YCH7
Tx ID: 3054644516390701731
Purpose: GlobalSign Cert.
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on July 01, 2015, 06:38:52 pm
Recurring payment for Holger this month.

Recipient: HolgerD77
Amount: 30,000 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Txid: http://nxtportal.org/transactions/12348569940836393025

Thanks as ever for the work.
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on August 04, 2015, 08:30:39 am
The following recurring payment has been made.
Recipient: Lyaffe
Amount: 50,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 5259579942666122384

The following one time payment has been made.
Recipient: Box1413
Amount: 40,000 NXT
Receiving Account: NXT-3ZDK-V4UK-7RE8-3447Y
Tx ID: 1928638134462234374

Thanks as ever!
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on September 01, 2015, 06:54:23 pm
Pouncer:

The following recurring payments have been made:

Recipient: Lyaffe
Amount: 50,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 13245625961675989339

Recipient: Box1413
Amount: 40,000 NXT
Receiving Account: NXT-3ZDK-V4UK-7RE8-3447Y
Tx ID: 12069125107629485520

Thanks to both for their work.
Title: Re: New Community Funds Committee: accounts and updates
Post by: qq2536007339 on September 02, 2015, 09:00:39 am
Current balance of the CFC Account 1 is 3,569,325.98754024 NXT

Right now is 2'562'635.37611167 NXT,six month reduce 1M nxt,what will happen if all fund are spend.
Title: Re: New Community Funds Committee: accounts and updates
Post by: EvilDave on September 02, 2015, 11:15:51 am
Then we'll just have to find some more..... :D

Don't worry yet, we also have another 3 million NXT in the CFC reserves, so we have around 5.5 million in total as purely community funds.
That's half of what we started with, almost 2 years ago, so we aren't going to run out soon, even with the current (shitty) price.
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on September 14, 2015, 09:21:08 am
We have 2,804,901 NXT at the last count, which is about $22k at the current rate.

All funds have now been consolidated in the same account, CFC Reserve Fund. Damelon has transferred those in his control (1,309,899): https://nxtportal.org/transactions/11076384823985756602

EvilDave has also transferred the funds (1,494,994 NXT) that were previously held by Dom P:

https://nxtportal.org/accounts/1300091380251842749

The account is held by neer.g. There is a procedure in place to recover funds if neer.g gets hit by a bus.
Title: Re: New Community Funds Committee: accounts and updates
Post by: EvilDave on September 14, 2015, 03:37:28 pm
Which gives us:

CFC operating fund:
https://nxtportal.org/accounts/3095841617910312628
2,562,635 NXT

CFC reserve fund:
https://nxtportal.org/accounts/1300091380251842749
2,804,901 NXT

for a grand total of 5,367,536 NXT, or $43,600 and change......

Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on September 22, 2015, 03:18:37 pm
We've sent some money Allwelder's way for her plan to market Nxt on 8BTC.

From Pouncer:
The following payment has been made.

Recipient: Allwelder
Amount: 10,800 NXT
Receiving Account: NXT-ARVX-N4L5-RKXM-99886
Purpose: Promotion on 8BTC
Tx ID: 14314761435142664447
Title: Re: New Community Funds Committee: accounts and updates
Post by: qq2536007339 on September 23, 2015, 04:47:08 am
The account is held by neer.g. There is a procedure in place to recover funds if neer.g gets hit by a bus.

 ;D,can you public this procedure? I like to copy it in case I get hit by a bus.
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on September 23, 2015, 08:10:55 am
The account is held by neer.g. There is a procedure in place to recover funds if neer.g gets hit by a bus.

 ;D,can you public this procedure? I like to copy it in case I get hit by a bus.

At its simplest it is:
1) Write private key on paper
2) Give paper to wife, girlfriend, friend etc, with recipient contact details and instructions
3) Get hit by bus
4) Wife, etc, sends key by secure email to person on list

There are more complicated versions. Obviously sending the key securely is important so end-to-end encrypted email should be used.
Title: Re: New Community Funds Committee: accounts and updates
Post by: CryptKeeper on September 23, 2015, 02:27:23 pm
The account is held by neer.g. There is a procedure in place to recover funds if neer.g gets hit by a bus.

 ;D,can you public this procedure? I like to copy it in case I get hit by a bus.

At its simplest it is:
1) Write private key on paper
2) Give paper to wife, girlfriend, friend etc, with recipient contact details and instructions
3) Get hit by bus
4) Wife, etc, sends key by secure email to person on list

There are more complicated versions. Obviously sending the key securely is important so end-to-end encrypted email should be used.

I like this one: https://github.com/cetuscetus/btctool/blob/bip/bip-xxxx.mediawiki (https://github.com/cetuscetus/btctool/blob/bip/bip-xxxx.mediawiki)

It's called Shamir’s Secret Sharing Scheme:

Quote
A method is described for decomposing an arbitrary secret (for example, a Bitcoin private key, a BIP32 extended private key, or anything else) into shares in a manner such that the secret can be recovered from any sufficiently large subset of the shares but such that any smaller subset does not reveal any information about the secret. This method is commonly known as Shamir's Secret Sharing Scheme, or M of N secret sharing. Additionally, an encoding methodology is proposed to standardize transmission and storage of shares.

I'm using it with mycelium's entropy usb stick paperwallet generator. You get a 3 codes on a printout and need at least 2 of them to recover the secret key (2-of-3, but any m-of-n is possible).

No multi-sig involved!  ;D
Title: Re: New Community Funds Committee: accounts and updates
Post by: qq2536007339 on September 29, 2015, 12:33:56 am
The account is held by neer.g. There is a procedure in place to recover funds if neer.g gets hit by a bus.

 ;D,can you public this procedure? I like to copy it in case I get hit by a bus.

At its simplest it is:
1) Write private key on paper
2) Give paper to wife, girlfriend, friend etc, with recipient contact details and instructions
3) Get hit by bus
4) Wife, etc, sends key by secure email to person on list

There are more complicated versions. Obviously sending the key securely is important so end-to-end encrypted email should be used.

I see,I thought this procedure is all automatic.
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on October 01, 2015, 08:26:49 am
A few updates:

The following recurring payment has been made:

Recipient: Lyaffe
Amount: 50,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 5423888544865476445


The following one-off payments have been made:

Recipient: PICISI
Amount: 15,000 NXT
Receiving Account: NXT-N74K-UZXT-RWU2-C6KSX
Purpose: Project funding
Tx ID: 14013992205479920531

Recipient: EvilDave
Amount: 35,000 NXT
Receiving Account: NXT-TMVC-69YC-SJB4-8YCH7
Purpose: Reinvent Money conference cost
Tx ID: 14742938811016865709

Recipient: EvilDave
Amount: 4,825 NXT
Receiving Account: NXT-TMVC-69YC-SJB4-8YCH7
Purpose: Nxt.org hosting costs for Aug & Sep 2015
Tx ID: 12450761209808344306
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on November 02, 2015, 10:00:02 am
Reflecting Lyaffe/Riker's new position as core manager:

The following recurring payment has been made:

Recipient: Lyaffe
Amount: 105,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 7957707759515049497  (https://www.mynxt.info/transaction/7957707759515049497)
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on December 01, 2015, 12:24:04 pm
Pouncer:

The following recurring payment has been made:

Recipient: Lyaffe
Amount: 105,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 987763330218735296

Thanks Lyaffe (now the artist known as Riker).

A couple more payments to come in due course.
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on December 02, 2015, 10:28:25 am
A couple of bonus payments:

Recipient: petko
Amount: 100,000 NXT
Receiving Account: NXT-P6F5-J7VU-RWHZ-9LXN8
Tx ID: 17086596358373296948

Recipient: ScripterRon
Amount: 100,000 NXT
Receiving Account: NXT-YKDR-R624-MM4S-5ZKQK
Tx ID: 2805215701169688166

Thanks ScripterRon & petko for your contribution to the Nxt core.
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on January 03, 2016, 03:32:59 pm
From Pouncer:

The following recurring payment has been made:

Recipient: Riker
Amount: 105,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 11976052056588515705

Happy New Year everyone!

Thanks Riker for all you've done & are continuing to do.
Title: Re: New Community Funds Committee: accounts and updates
Post by: qq2536007339 on January 05, 2016, 07:55:35 am
Hi Cassius,is CFC reserve Account(NXT-CQ7X-95HR-RLW5-3UQ46) under your control? If so,can you forging too?
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on January 05, 2016, 11:02:37 am
Hi Cassius,is CFC reserve Account(NXT-CQ7X-95HR-RLW5-3UQ46) under your control? If so,can you forging too?
A couple of bonus payments:

Recipient: petko
Amount: 100,000 NXT
Receiving Account: NXT-P6F5-J7VU-RWHZ-9LXN8
Tx ID: 17086596358373296948

Recipient: ScripterRon
Amount: 100,000 NXT
Receiving Account: NXT-YKDR-R624-MM4S-5ZKQK
Tx ID: 2805215701169688166

Thanks ScripterRon & petko for your contribution to the Nxt core.

No, not under my control. I'll pass the message on though.
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on January 29, 2016, 08:55:38 am
The following one-time payment has been made:

Recipient: petko
Amount: 20,000 NXT
Receiving Account:    NXT-ENC5-RJ4B-W58H-EVCUJ
Tx ID: 3920463256034569124
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on February 01, 2016, 11:44:15 am
The following recurring payment has been made:

Recipient: Riker
Amount: 105,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 4629599139822729396
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on March 01, 2016, 03:13:24 pm
The following recurring payment has been made:

Recipient: Riker
Amount: 105,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 2596327465973820257 (https://www.mynxt.info/transaction/2596327465973820257)



Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on March 05, 2016, 12:44:13 pm
The following recurring payment has been made:

Recipient: Riker
Amount: 105,000 NXT
Receiving Account: NXT-D2VW-PG95-WSMF-6FDL8
Tx ID: 2596327465973820257 (https://www.mynxt.info/transaction/2596327465973820257)




Cheers Riker!
Title: Re: New Community Funds Committee: accounts and updates
Post by: johnlavas on March 05, 2016, 09:33:39 pm
From Pouncer:

The following payment has been made:

Recipient: HolgerD77
Amount: 7,500 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 11397110888126688179
Purpose: Payment to HolgerD77 to partially cover bounty payments for the 1.5 client translation.

As ever, thank you Holger.
i WANT TO JOIN THE NEW COMMUNITY FUND
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on March 05, 2016, 10:14:18 pm
From Pouncer:

The following payment has been made:

Recipient: HolgerD77
Amount: 7,500 NXT
Receiving Account: NXT-AQ9F-JC4F-NCM2-4JSXZ
Tx ID: 11397110888126688179
Purpose: Payment to HolgerD77 to partially cover bounty payments for the 1.5 client translation.

As ever, thank you Holger.
i WANT TO JOIN THE NEW COMMUNITY FUND

wHAT DO YOU MEAN?
Title: Re: New Community Funds Committee: accounts and updates
Post by: Cassius on March 29, 2016, 11:57:35 am
Pouncer is stepping down in his role as Treasurer (thanks for all your work, Pouncer), which also means there's a good opportunity to overhaul the way we do our accounts.

Quote
1. Transferred the remaining balance (https://www.mynxt.info/transaction/12427041833277613237) (1'364'037 NXT) from CFC Account#1 (NXT-NDPN-KL88-G9CA-45PXP) to new CFC account NXT-ZCLD-5TVW-HHAN-FVEJC. Sorry I missed out the fractional amount of 0.37611167 NXT ;D

2. Transferred remaining asset (https://www.mynxt.info/transaction/1273508933288435821) to CFC's Assets Holding & Forging account (NXT-6XTC-TG2L-DDKG-ELMYK)

3. Done an Account Name & Description (https://www.mynxt.info/transaction/2588666785765128606) change to reflect "closed" account and a public notification to send future transactions to the new CFC account (https://www.mynxt.info/account/3095841617910312628).

4. Sent passphrase for CFC Assets Holding & Forging Account (NXT-6XTC-TG2L-DDKG-ELMYK) via encrypted non-prunable AM (https://www.mynxt.info/transaction/15783502690768644674) to account NXT-ZCLD-5TVW-HHAN-FVEJC.

5. Sent passphrase for NHZ account NHZ-2EEF-UDUV-44GY-HGXC3 (donation from AT project) via encrypted non-prunable AM (https://www.mynxt.info/transaction/5663127151598676089) to account NXT-ZCLD-5TVW-HHAN-FVEJC.
ED, please test & confirm you are able to assess both accounts.

Meanwhile, I await instructions to transfer TNSSE account NXT-3NE8-Z9ET-BC6A-5S79Y to a similar phasing account.

Hope everything is in order & thanks for trusting me to keep these funds safe all this while.

Cheers!

Pouncer

And from ED:

CFC peeps;

I've recieved 340,000 NXT from Pouncer, and made the first round of phased payments from the new CFC account (which I've named Constitution, just to carry on our Trekkie theme), see here for the details:
https://www.mynxt.info/account/NXT-ZCLD-5TVW-HHAN-FVEJC

The payments made were:

Peerexplorer:
NXT-ZQJ2-JZVT-QULL-5PEER
Donation to http://www.peerexplorer.com/ to cover costs for 2016.
50,000 NXT

Riker:
NXT-D2VW-PG95-WSMF-6FDL8
Riker: core dev salary #17.
105,000 NXT

ScripterRon:
NXT-YKDR-R624-MM4S-5ZKQK
One-off bounty for Nxt core development work.
100,000 NXT

TestDruif:
NXT-MXDU-UKS5-LC4C-FEW8Z
One-off bounty for Nxt core development/bug hunting.
50,000 NXT

EvilDave:
NXT-TMVC-69YC-SJB4-8YCH7
Nxt.org hosting costs, Oct 2015-March 2016.
6x €25: €150, or 21,500 NXT

Just waiting now for approval on the transactions, once this round has gone smoothly, we can organise movement of the bulk of the CFC funds onto Constitution, and the remaining administration.

The one payment that is still outstanding from CFC is for the 40,000 NXT translation bounties, I covered those from my own pocket, and will pull those back once we have the balance of CFC funds transferred.

Catch y'all later

ED



I've set up a new CFC holding and payments account:

NXT-ZCLD-5TVW-HHAN-FVEJC

under the mandatory control of:

Damelon;
NXT-D6K7-MLY6-98FM-FLL5T
ChuckOne:
NXT-4BTE-8Y4K-CDS2-6TB82

Only one approval needed, as my approval is implicit when I submit the tx.


Title: Re: New Community Funds Committee: accounts and updates
Post by: farl4bit on March 30, 2016, 06:50:07 am
Thanks for the work Pouncer.  :)
Title: Re: New Community Funds Committee: accounts and updates
Post by: EvilDave on March 24, 2017, 08:34:06 pm
Been a long time since the last Community Funds update, happy to tell you guys/girl that we do still have a Community Fund, and haven't spent it all on Lambos  ;D

The current balances of the 2 remaining CFC accounts are:

Constitution (main spending account, under Account Control: EvilDave/ChuckOne/Damelon)
https://www.mynxt.info/account/NXT-ZCLD-5TVW-HHAN-FVEJC
484,472 NXT
1,153,458 ARDR

CFC Reserve Account (held by neer.g)
https://www.mynxt.info/account/NXT-CQ7X-95HR-RLW5-3UQ46
1,999,999 NXT
2,000,000 ARDR

there are a couple of other CFC-related accounts, holding a selection of assets, but not a very large amount.

As has been discussed elsewhere, we are working on re-organisation of both the Nxt Foundation and other community assets, including the CFC.
From 2014 up until the end of 2016, the Community Funds have been set aside and used for payments to the core developer team.
Now that the core devs have created a company to handle the IP rights for them, Jelurida B.V., the Community Funds no longer has to pay Nxt/Ardor core developers, though we will still have to pay for some external dev work on both the Nxt and Ardor public blockchains.

This frees up the Community funds to be used to support other Nxt/Ardor projects, and (after a lot of discussion between the CFC, Foundation and Jelurida ) we all think that the best way forward would be to allow the Nxt Foundation access to the Community Funds, to fund work/projects that will benefit the entire Nxt/Ardor community.

Up until now, the Foundation has been self-financing, and will continue to be so for as much as possible. However, having access to the Community Funds will allow the Foundation to concentrate on expanding it's marketing, promotion and business development activities.

The Nxt veterans among you will remember that there is a certain overlap between the Foundation and the Community Funds Committee: the CFC is myself (EvilDave), Damelon and ChuckOne, while the Foundation is currently myself, Damelon, Marenkar, LocoMB and alex0909. It has been tricky at times to keep the two functions separate, but I think we've done an OK job, so far.
Our proposal will not change the current set-up for holding and managing the Community Funds, just allow the Foundation to make direct use of the funds.

I think that this is a logical step forward for Nxt and Ardor, but we'd like to hear any objections, questions or feedback from the community....what do you lot think ?
Title: Re: New Community Funds Committee: accounts and updates
Post by: qq2536007339 on March 25, 2017, 03:47:30 am
There is no forging and leasing on CFC Reserve Account,why?
Title: Re: New Community Funds Committee: accounts and updates
Post by: wolffang on March 27, 2017, 11:35:32 am
If its transparant where the funds are used for its okay for me.

I trust you guys and you are doing a great job already!
Title: Re: New Community Funds Committee: accounts and updates
Post by: Right.Here on May 27, 2018, 10:33:38 pm
it's time to resurrect this organization because ANG don't do them job and disappointed us...

they not only took the funds of the community but also i don't know what they did with the 24 millions NXT allocated by jelurida to the promotion of NXT (not Ardor)... and as you see they even add a banner to the NXT marketing content...  ???

when i see what the PROs in the Apollo team are doing with a reduced budget... i ask my self why we gived and contributed to raise 15 millions dollars to jelurida and ANG...
https://twitter.com/ApolloCurrency/status/1000826895456387072
Title: Re: New Community Funds Committee: accounts and updates
Post by: czhang on May 28, 2018, 06:14:31 am
it's time to resurrect this organization because ANG don't do them job and disappointed us...

they not only took the funds of the community but also i don't know what they did with the 24 millions NXT allocated by jelurida to the promotion of NXT (not Ardor)... and as you see they even add a banner to the NXT marketing content...  ???

when i see what the PROs in the Apollo team are doing with a reduced budget... i ask my self why we gived and contributed to raise 15 millions dollars to jelurida and ANG...
https://twitter.com/ApolloCurrency/status/1000826895456387072

The forum guys are so few, really it's time to start
Title: Re: New Community Funds Committee: accounts and updates
Post by: SwissAlps on May 28, 2018, 08:13:30 am
Hi guys,

If you are curious to see if your Apollo coins have really been credited according to your NXT belongings, here
is the link https://apollowallet.org (https://apollowallet.org)

Nice, isn't it ?  ;D ;D ;D

Title: Re: New Community Funds Committee: accounts and updates
Post by: fz on May 28, 2018, 02:28:28 pm
it's time to resurrect this organization because ANG don't do them job and disappointed us...

they not only took the funds of the community but also i don't know what they did with the 24 millions NXT allocated by jelurida to the promotion of NXT (not Ardor)... and as you see they even add a banner to the NXT marketing content...  ???

when i see what the PROs in the Apollo team are doing with a reduced budget... i ask my self why we gived and contributed to raise 15 millions dollars to jelurida and ANG...
https://twitter.com/ApolloCurrency/status/1000826895456387072
NXT supporter hope CFC can stand up to help NXT
elective-stereophonic
elective-stereophonic
assembly
assembly