How FundRequest bridges the gap between ZERO and enterprise support for open source products

fundrequest (25)in #crypto-news • 7 years ago (edited)

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Open source software has never been as popular and widely adopted by enterprises as it is today and with the rise of Ethereum and blockchain technology the landscape has changed yet again. At FundRequest, we are moving one step further by supporting open source development with enhanced decentralised funding.

With FundRequest, we offer the users of open source communities the ability to fund open issues on any project and to reward the people that are contributing their free time and effort to support open source software. Both open source and blockchain technology is here to stay and FundRequest aims to provide premium support at a low cost.

When Karel Striegel, the founder of FundRequest, explained his vision we quickly understood the value proposition of his idea. We built a website wrote a whitepaper and developed an MVP in the form of a demo video. Thanks to positive response we went ahead with the development of our platform.

FND-token as a value token

Our original plan was to make the FND token an Investment token where backers receive a ROI, but with the help of expert financial advisors we dropped the idea and chose to move forward with a FND value token to be used on the FundRequest platform. Backers of the FND-token can use FND to fund open source issues on the FundRequest Platform and will do so because they believe in the project, team and in the value proposition and thus the token value of FND will rise in ratio with other crypto pairs after launching the service. By creating a value token instead of an investment token we are following the best practices of successfully launched ICO's such as Gnosis and ICONOMI and Brave browser's Basic Attention Token. Details can be found in the new version of our white paper (v3.0) to reflect the changes of our ICO model.

Flexible support strategy

Businesses who run open source software in production, are faced with a choice. Keep using the open source version as they do in development, but lack support, or switch to an Enterprise version and pay for Enterprise support. Black or white, one or the other.

Flexible — ˈflɛksɪb(ə)l/ — ”able to be easily modified to respond to altered circumstances.”>

FundRequest provides a third alternative. Individuals, SMEs and enterprises only pay for the issues or questions they want to see resolved. The platform allows users to add funds to issues and to communicate them directly to the open source community. Developers within the community who provide solutions are rewarded for their contributions.

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Strength in numbers

Multiple users can add funds to existing issues or questions which increases the reward and thus the incentive for developers to fix the problem. This does not only apply to bugs. Also new features or integrations can be handled in the same way.

Reinventing the wheel?

Others have tried and failed. FundRequest isn't reinventing the wheel. We don't want you to move away from your favourite platform, we integrate and support an already thriving community to grow beyond their own expectations.

The first platform FundRequest will integrate with is GitHub, the leading online Git repository hosting service, with more then 19.4 million active repositories, 10.7 million active issues and over 5.8 million active users, where “active” means code committed, a comment created, a repository starred, or an issue opened (source).