The Nyzo Community Fund represents a huge step towards TRUE decentralization for Nyzo and a standard that others in the crypto community will hopefully follow. Nyzo devs have locked the entire remainder of supply (~77m coins as of 1.25.2020) in a Community/Cycle controlled wallet. At the time of writing, using the USD price ($.30) here and the fund amount here this fund is worth roughly $23,136,159 - a significant amount of potential funding even at such a young stage of the project. Any use of these funds requires a > 50% vote to unlock at most 100k Nyzo at a time. This is a huge responsibility and opportunity for those in the cycle and the community at large to use these funds wisely to pursue the development and mission of Nyzo.
Steps Posting NCFP’s on Forum:
- Go to Homepage.
- Click NCFP Community Fund Proposals Category
- Choose “New Topic”
- Title should start with NCFP-… (next # in line)
This category is for proposals regarding the Nyzo Community Fund. The guidelines for proposals described below exist so that we as a community can work to ensure the highest quality entries. We encourage participation from the general public and community, but we hope that these proposals can be treated seriously as they have the potential to impact the community quite a bit.
Should include as much supportive information as possible. Examples:
- Competitive Analysis
- Chief Risks and Mitigation
- Funding Details