Altcoins News
By Maheen Hernandez
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Stellar Lumens Denominated Grants and Enterprise Funds
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Stellar Lumens Ecosystem and Developer Support
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Denelle Dixon, Executive Director of Stellar Lumens, is looking towards 2020 as a big year for SDF and the Stellar Lumens community as a whole.
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User Acquisition is an essential part of SDF. Without users, the apps, tokens, companies, and projects created by the various efforts of the foundation will fail, and…
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The mandate for the SDF program areas was published this month. The foundation focuses on the development of Stellar Core and the Horizon.
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All of the above-stated goals and mandates get funded with XLM. Lumens are sold via public exchanges like Coinbase and Kraken and sometimes through the OTC markets.
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Apart from the cash salaries, several employees receive lumen-denominated grants conditionally given in the satisfaction of a combination of sets of services.
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Grant development funds are paid out every financial quarter during February 01, May 01, etc.
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The Stellar Enterprise fund will be similar to a venture style fund used for growing the network. The enterprise funds will not get distributed as grants.
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Stellar is an attractive place for developers to build their apps. Several direct development projects get planned and executed.
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Developer support provided for several community initiatives like hackathons and meetups provides for sustainable use cases.
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