Kickflow To Launch $25,000 Quadratic Funding Round
Kickflow, a crowdfunding platform for projects on Tezos, is stepping into the next phase of its progress by conducting a Quadratic Funding round of $25,000 (in $USDtz) for projects listed on it. The Tezos Foundation is sponsoring the funding pool.
Kickflow launched last year in October. Since then, over $2,000 has been contributed in various Tezos-based tokens to the projects on the platform.
Moreover, Kickflow’s dev fund has received close to $1,900 separately from the community, which has helped it to improve and maintain the platform.
Why Quadratic Funding?
Conducting Quadratic Funding rounds has been one of the primary goals of Kickflow. This mechanism ensures the democratic distribution of entry-level grants to the projects.
The community can actively signal the distribution of funds across the projects of their choice.
Micro-donations of even $1 can get matched with over $100 from the funding pool through Quadratic Funding.
To know more about how this mechanism works on Kickflow, check out their docs and the original introduction article.
When will the funding round take place?
The funding round will go on for multiple weeks, during which the community can make their contributions to the projects. Kickflow’s core team will announce the starting date of the round on their social channels.
How can a project participate in the round?
As of now, owners can list their projects by going over to https://www.kickflow.io/projects/new.
Once the funding round starts, Kickflow’s team will give further instructions on entering it. Heads up, it will just require a simple click of a button on their platform and a small transaction to confirm your entry.
Will there be a Kickflow DAO?
As mentioned in previous articles, a DAO will be managing the funding round.
The quadratic matches for projects will be finalized through decentralized token voting. The sponsor pool funds will be on-chain and always in control of the DAO.
Kickflows’s team will release the updated plans and distribution strategy for their DAO token ($KFL) in the upcoming days.
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Read our full disclaimer here.
