Frequently Asked Questions
Q: What is the Corona Project?A: The Corona project is a community driven decentralized application development network. Our goal is to promote the research and creation of open source disruptive decentralized applications. We do this by helping to fund developers and entrepreneurs in addition to providing them with educational tools and resources to build Dapps.
We are currently operating as a distributed organization with a management team, however as we and others develop effective and proven governance Dapps we will begin our transition into becoming a decentralized autonomous organization (DAO).
Q: What is a Dapp?A: In short, a Dapp is a Decentralized software Application. What this means is that the application code is executed on a trusted consensus based platform with limited counterparty risk and with no central authority. See our whitepaper for more information.
Q: What is a DAO?A: DAO stands for Decentralized Autonomous Organization. What this means is that the core of the organization is operated according to a set of incorruptible business rules defined in smart contracts, thereby reducing human counterparty risk and increasing transparency and accountability. In some cases DAOs can be a fully automated and self sustaining entity with no central human authority. See our whitepaper for more information.
Q: I’m a developer, how can I join the project?A: We encourage any developer who has a passion for Dapps to reach out to our team. We are constantly growing and even if you are not a perfect match for us we will still consider working with you on a contract basis. We have a preference for developers who understand blockchain and smart contract technologies.
Q: I am working on my own Dapp, can you help me?A:Yes! Please fill out the Dapp Funding Application form on our website and we will do our best to provide you with resources and funding in various forms should it be approved by our Dapp approval team. You may also apply as a developer to our network through the Developer Registration form. We would also love for you to join our network and connect with other Dapp enthusiasts.
Q: I’m not sure what a Dapp is but I like your project, how can I help?A: We are an open community and love new faces. We believe everyone can add value so please reach out and tell us what you love to do. We are rapidly growing and there’s plenty of room to help: volunteers, community managers, graphic artists, bloggers, and awesome people alike are welcome
Q: What are Coronaz?A: Coronaz are inter-Dapp membership credits which enable access within the Corona network. Initially they will be issued on the Counterparty platform on the Bitcoin blockchain as a proxy token. In the future these proxy tokens will be exchangeable for Corona membership credits to be used within Dapps built on various platforms such as Maidsafe, Sidechains and Ethereum. Some Dapps may require Coronaz to be burned thereby acting as a fuel or anti-spam mechanism; while some will require them as payment to account for value added services offered within or by the Dapps themselves.
Q: Are Coronaz just another altcoin?A: Absolutely not. Coronaz are inter-Dapp cross blockchain tokens which represent membership credits on the Corona Dapp Network. Unlike altcoins, Coronaz are designed to be blockchain agnostic and do not require a native blockchain.
Q: Which Dapps and Dapp related projects will be funded?A: We will only fund Dapps which provide a positive value for the world to the best of our moral judgement. Our Dapp approval team will decide which Dapps to fund based on primarily 2 criteria:
1. Developer's skill level
2. Value and utility that the Dapp adds to the Corona ecosystem
Any requests for funding will require the submission of an extensive and detailed application which will go through an evaluation process by the Dapp approval team. This due diligence will include but is not limited to a multi-stage review, an interview with one or more members of the applicant’s team, and an assessment of the current state of the project.
In order to apply the applicant must complete the Funding Application form on our website. Information required in the application form includes amongst other things, a description of the project, information on the team, estimated time frame and scope for delivery, value the project adds to the Corona network, detailed budgeting, and the amount of funding required. Any Dapps which are funded will be openly listed and detailed on the Corona website.
