Community Fund

Current Campaigns

There are no currently active campaigns. You may also always donate to our general fund located here.

Radium’s Community Funding Values

Radium is currently being developed by a team of designers and avid community members dedicated to the realization of a reliable and functional Proof-of-Stake blockchain. We are building it because we’re excited about Proof-of-Stake technology and the possibilities that it offers.

Unlike the vast majority of blockchain projects, Radium’s development is not motivated by profit for either its developers or early adopters. Since our release in 2015, Radium has upheld the following promises to its community:

  • Radium did not and will not engage in an ICO. Radium did not and will not conduct a presale. Radium did not and will not conduct a premine.
  • Radium’s launch was open and fair.
  • Radium’s developers and team were not issued any percentages of the coin. They had to purchase any holdings on their own accord or obtain via the initial Proof-of-Work phase.
  • Radium will not seek or accept any capital that comes with the expectation of future monetary return and that may influence the decision making processes of the team.

For the past 4 years, Radium’s development has been generally a part-time effort, with volunteers contributing their code on an intermittent basis. This will continue in any event, but the reality is that a project of Radium’s scope would be greatly helped by having an additional source of funding to compliment the development fund introduced in the Aug 29th Hard Fork. This would allow Radium to reach its potential more quickly, more reliably, with better supporting infrastructure, and with a far greater chance of success competing against (or co-existing with) well-funded blockchain projects.

To keep Radium open and free from controlling influences, the project will attempt to rely 100% on community donations for its funding needs in addition to a small development subsidy. We ask any person, corporate entity or institution who sees potential in Radium’s technology to consider donating to the project, and we hope that the vibrant cryptocurrency community will help Radium in achieving its goal of providing a reliable, scalable and security-driven blockchain implementation that truly belongs to everyone.

Radium Family

We believe that any donors, large or small, should be given recognition for their contribution. Any individual donor who wishes to be listed on our Radium Family page will be listed, and any corporate or institutional Donors making a significant contribution to Radium’s development will have their logo displayed (if desired).

We are also happy to accept recurring sponsorships and acknowledge your support prominently on our Radium Family page. However, as per our pledges above, we cannot accept sponsorships or donations predicated on being able to unduly influence Radium’s direction.

Donation Format

As in all things Radium, we want to ensure that the funding process remains as transparent as all other aspects of the project. To this end, Radium will actively seek community funding via:

  • A general fund, proceeds of which will be allocated by Radium’s technical council according to project need
  • Specific funding campaigns on a need-by-need basis

The general fund will be allocated by the Radium council as needs are identified, with all spending decisions posted and made public. Campaigns will specifically outline how campaign funds will be used, and the owner of the campaign will be responsible for updating the community on progress.

Since Radium doesn’t currently have a foundation, general donations will go into an encrypted, offline bitcoin wallet, while specific campaign funds will go directly into an account controlled by the person making the request, (which will be shown alongside the funding request). This is to minimize exposure to the project as a whole, and to ensure that the community has 100% visibility on who is responsible for which funds. This may change as Radium’s governance model evolves, but for now this arrangement remains the safest for the project.

In the event that a campaign doesn’t achieve its required funding, the funds will be redistributed into other campaigns that progress Radium’s development (hopefully allowing another campaign to reach its goals.)

In the event that campaign funds aren’t or can’t be used for their intended purpose (e.g. a developer who had been previously funded leaves the project for any reason,) the funds will be distributed amongst other outstanding funding requests.

Donors and sponsors should understand that the funds donated may not always go to the exact cause they’ve donated to due to eventualities such as the ones listed above, but they will always go towards the advancement of Radium.

Developer Funding Campaigns

Campaigns which go towards funding developer time will be subject to additional rules:

  • Developer campaigns will target enough money to pay the equivalent of a daily rate+expenses over a certain time period.
  • Developers are responsible for controlling their own campaign funds, and are personally accountable for them to the community.
  • Campaign amounts will be listed as per their local fiat rates.
  • Developers will provide weekly updates on progress via a method of their choosing (linked from the funding page).

Disclaimer

The Radium project is still very young in the grand scheme of things and is still experimenting with the details of its funding model. Some or all of the details above, and even our overall approach may change as the project evolves, however we will always strive to ensure that our funding model reflects the principles of openness and fairness on which the project was founded.

Radium General Funding