Swiss Blockchain DECENT Foundation Announces Details on Investment Fund

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Blockchain content startup out of Switzerland, DECENT.ch recently clarified how will the funds from the Software Sale be distributed and introduced you to their future plans and their goal –  to support DECENT long-term growth in multiple ways.

From the 35,000,000 DCT pool that will be allocated to DECENT Foundation after the Software Sale, 15,000,000 will be assigned to DECENT Foundation Investment Fund. Its main goal will be to ensure constant development and growth of DECENT Infrastructure. They aim to recreate the overall process of online content distribution by creating a user-friendly, secure, Blockchain driven media network.

To give people possibility to get the most out of DECENT Network, these funds will be used to support developers and entrepreneurs that will build applications on top of DECENT protocol.

As DECENT is from its very beginning meant to become the network of decentralized trust serving all the people around the globe, the implementation of DECENT Vote is the crucial point in the development of DECENT Infrastructure.

“After the start users will be able to vote for businesses / applications that they would like to have on DECENT Network. This will ensure that the future life of DECENT Network will be in the hands of those people who have become part of our goals,” stated co-founder Matej Boda.

Then a DECENT Investment committee will be set up to chose which projects are promising. Afterwards the chosen projects will receive an investment. DECENT Foundation will hold shares in those companies and support their development which will eventually lead to securing its operational costs and growth as well.

“We do not aim to create just another Blockchain app. On the other hand, our goal is to develop a network of individuals, businesses and organizations that will enjoy the advantages of DECENT and support the tendencies to create a Blockchain driven society. Therefore we give the community an opportunity to participate and support long-term growth of DECENT Network,” added Boda.

You can find more information about their goals in their Development Plan.

Don’t forget to subscribe to DECENT newsletter to receive the latest news and updates on time.

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Founder of Blockchain News and The Hackitarians Foundation, Richard Kastelein is an award winning publisher and editor, hackathon organiser and entrepreneur. He has written over 700 articles at Blockchain News, has a massive network in the Blockchain arena and is available as a speaker and consultant. (richard@the-blockchain.com) Kastelein has spoken (keynotes & panels) on technology at events in Amsterdam, Barcelona, Belfast, Berlin, Brussels, Brighton, Copenhagen, Cannes, Cologne, Curacao, Frankfurt, Gdansk, Hollywood, Hilversum, Geneva, Groningen, London, Las Vegas, Leipzig, Madrid, Melbourne, NYC, Oxford, Rio de Janeiro, Sheffield, San Francisco, San Jose, Sydney, Tallinn, Vienna, and Zurich. A Creative Technologist & Canadian (Dutch/Irish/English/Métis) his career began in the Native Press (Canadian Arctic) and he later spent a decade in the Caribbean media. Currently, he writes occasionally for Wired Insights, Guardian & Virgin and his articles have been translated into Dutch, Greek, Polish, German & French.