HI everyone,
been mining ella for a while and i'm all in for the project, genuine decentralization, and no premine and all, but for the development of the project the developers need to be paid and imo donations would not cut it> devs loose interest after a while (with low monetary gains) > no development and the coin fades away.
Can anyone here clear this doubt of mine as to how this will work out? i seriously doubt donations would work for long-term development considering there's only 5,xxx ella since september in the Dev development account (or maybe i'm wrong about this number?).
But if that is the case, can we as a community chalk out a plan to bump up donations so that its worthwhile for the devs to keep up the developments and take this project where we visioned it to be? what are you're thoughts on this?
In addition to the Developer Fund there is also a Community Fund that is funded through voluntary pool fee contributions and donations from individuals. The Community Fund supplements the developers for their work and funds bounties, giveaways and other marketing and as directed by those in the community who want to participate. The current balance of the Community Fund is 6676 Ella
https://explorer.ellaism.org/addr/0x46739b691c011530aaf480aacd339c206a2046e6