Whitepaper In A Nutshell: Developer Fund
In this series we will be breaking down our whitepaper into bite-sized pieces.
What is The Developer Fund?
The major focus of LGCY Network is the community. This means we care about both the investor and the project that builds on our network.
By nature a DPoS blockchain needs solid dApps. In order to encourage dApps to build on LGCY Network, we have set up a Developer Fund. We have set aside 3.33 Billion tokens from our initial token unlock, with a remaining 3.33 Billion to be added over the next few years of our roadmap. That adds up to 10% of our total supply set aside for dApp projects!
How will projects be able to receive part of The Developer Fund?
In order to foster a good relationship between the LGCY team and the developers building on our network, we will choose projects each year to gift some funds to help with development costs. This developer fund will only last for the last 2 years that we are building out the network, because the fund is meant to be used as a jump start to our dApp network. Over 2 years we will choose projects to gift LGCY tokens from the dev fund to help with costs and to show appreciation for our community. Every project that receives a gift from The Developer Fund will be highlighted as an integral part of our early community!
In order to qualify for this gift, a project must be actively developing on the LGCY Network. The application process will be made available on our website at LGCY.Network. Interested projects can contact us at: https://lgcy.network/contact/.