One of the most important functions of Eden is the development and management of the:
Eden on EOS Project Development Program
ie. The identification, funding and on-going community support of EOS-based projects building applications on the Main-net.
However, it has become apparent that the following conundrum is slowing adoption:
Eden on EOS requires funding to sponsor the development of (additional) EOS main-net projects …
… however …
The EOS Community (voting BPs) will not award inflation until there is evidence that this funding will be well spent.
There may be a solution, and it is as old as time … let’s ‘Walk before we Run’…
1) Start with a seed investment of say 0.1% inflation for a period of 6 months.
2) Build the ‘proof-of-concept’ … the specifications of which can be determined in short order by the ‘Small Council’, under the guidance from several ‘representative BPs’
3) Submit the results of the first 6 months of work to the voting BPs.
4) If significant progress has been made, all the ‘boxes are checked’ and the terms and conditions are met … the BPs vote upon and award a subsequent 18 months of the full 0.5% inflation to the Eden on EOS Project Development Program.
5) After 12 months of this 0.5% phase, provide a performance review of the program and a full financial report on use of proceeds.
6) If all goals are met, rinse and repeat for subsequent phases of the program.