Fiscal Host: Open Source Collective
A crowdfund matching campaign. Have an equal voice in sustaining open soure.
This spring, GitCoin and Open Source Collective are launching FUNDOSS, a pilot matching campaign based on a novel new matching model that amplifies the voice of the many. Called – democratic funding – this matching algorithm has already raised over $11M for over 7,000 projects. Let’s see what we can do in ours.
Sign up to be considered for the campaign and/OR contribute to the matching fund. The bigger the pool, the greater the impact!
Here’s how FUNDOSS works.
We’ve raised a matching pool that we’ll then distribute starting in accordance to a crowdfunded donation campaign. (Date to be announced.The more people who donate to your collective during the FUNDOSS campaign, the larger the match.
It’s like an NPR programming interruption, but with a lot more intelligence and a lot less noise. Developed by Ethereum co-founder Vitalik Buterin, Democratic Funding (also known as Quadratic Funding) formulates a matching multiplier inline with a project's popularity.
What’s it all mean?
Democratic Funding amplifies a single voice. On a systemic level, it optimizes the distribution of the matching in a more democratic distribution of contribution. “Small” donations can be supercharged (🔥🔥🔥) In past campaigns, a $1 contribution has yielded up to $150 in matching funds.
Democratic Funding can turn individual donations into powerful signals of exponential monetary value. FUNDOSS is a pilot program where success relies on the activation your networks. So sign up now, contribute to the fund, refer a friend, and get excited! We hope this is the first match of many.
With Democratic Funding, the preferences of the many outweigh the opinion of the few.
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