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Announcing Common.Fund

Avatar for mesquka
Written by   23
1 month ago

In January 2020, a number of respected community members announced a goal to build a tool that allows anyone to run a voluntary funding campaign resulting in the release of Flipstarter. 

Shortly after this announcement, a successful test campaign was run with the BCH charity, eatBCH, and another 6 projects followed to cumulatively raise over $500K for Bitcoin Cash Node development

These projects proved the viability of non-custodial fundraising via Bitcoin Cash (BCH), which had not been achieved at such a large scale prior.

This really got my attention, thinking about what else was possible, leading me to explore what I call 'collaborative finance'. 

Some examples of collaborative finance include:

  • Indie movie screenings: collaborators purchase tickets, and if enough tickets have been purchased to cover theater rental and movie licensing costs, the event goes ahead. If not, everyone gets their money refunded.

  • Group funding a budget: funds can be pooled into a budget for a project. Project workers can withdraw from the budget at either set-rates, or by making proposals ahead of time. If collaborators disagree with the project’s actions, they can withdraw their support/ remaining funds at any time.

With truly digital, scriptable currency, these things become possible in a non-custodial way, leading me to Common Fund.

Common Fund is a platform that aims to achieve these goals and to further realize the ideas and ideals that led to the launch of Flipstarter. The aim is to provide a top quality user experience while maintaining the non-custodial (and thus maximally trustless) nature of the platform, enabling access to collaborative finance for anyone - regardless of their physical location, technical expertise, or economic status.

Coming soon at common.fund

Common Fund aims to launch with a number of pilots, if you’re interested in being one of them please contact me (@mesquka on telegram and keybase).

Want to keep up with development? Join our telegram room.

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Avatar for mesquka
Written by   23
1 month ago
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Comments

Nice and interesting post about announcing common fund. Waiting for more posts like this one brother !

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1 month ago

woww interesting post about announcing common fund.... waiting for more articles.. I like this one man

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1 month ago

Very interesting and cool one..do check my articles..keep writing more

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1 month ago

Good piece. I like your article, continue writing

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4 weeks ago

Excellent article!!Share more interesting article.Wait for your next article.Thank you

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1 month ago

Thanks for sharing i like this article.haven herd of common. Fund before now i have sone idea about it

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1 month ago

its great article but why we dont start to subscribe on this aurthour

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1 month ago

This is a good article and its more of charity platform where every one can contribute there quarter via bch. Thanks for sharing this

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1 month ago

This a very good ineciative. Nice to read such informative article. Will read it again once more

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1 month ago

It's a nice article... This information is very important and helpful for people.. Keep it up.. Hope to see your more impressive articles

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1 month ago

Looking forward to seeing where this goes!

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1 month ago

I'm excited as well, can't get things out fast enough.

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1 month ago

Hey mesq! Great idea for the community funding. Here in Colombia there's a lot of project that can receive the benefits of the crowd.

Thanks in advance.

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1 month ago

Ok...let's see where it goes

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1 month ago

Sounds exciting! Common Fund to the MOON! And help other projects is really needed! Just Subbed!

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1 month ago

Greetings @mesquka, this seems to be an excellent project. I would love to participate. I am a baker and I want to have a bakery (I dream of it becoming a franchise nationwide). However, it seems to be a very big dream for someone like me, who can barely eat every day.

Until recently I had a borrowed oven with which I produced bread from my house to my neighborhood, the earnings were regular. The question is, is there an opportunity for an entrepreneur like me in such a project? My best wishes for this project and all those born from here.

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1 month ago

I see your article just now. Then I read this article willingly. Your content is very good. Thank you for sharing this article. I hope you will share more article next time. Thank you.

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1 month ago

Have you been in touch with the Flipstarter team? Will you be working with them, or is this something different?

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1 month ago

I've been back and forth with @emergent_reasons (he's actually the reason I started working on this). This is something seperate, it's a platform whereas I believe Flipstarter is an OSS host it yourself deal. Our core tech is going to be open sourced so highly likely that we'll be contributing back to Flipstarter (if it fits).

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1 month ago

Excellent welcomed addition to Crowd funding on Bitcoin Cash. Looking forward to it Kieran. 👍

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1 month ago

This is an amazing platform for more opportunities. Wow thanks.

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1 month ago

"Kudos to you @mesquka for brainstorming out the project common.fund". I strongly believe it will aid the Bitcoincash ecosystem in pushing aggressively for the mass adoption of the esteemed coin.

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1 month ago

I really want to understand this movement. Joining such a team or being one of the pilots does it have any requirements. I am interested but i would love to understand the system more

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1 month ago

That's good ..!! I am really excited about this . I hope ..we will see your progress gradually.Thanks..

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1 month ago

Sounds exciting! Common Fund to the MOON! And help other projects is really needed! Just Subbed

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1 month ago

Very interested and educative article.thanks for sharing this.waiting for your next.

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1 month ago