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Thursday, October 21, 2021
Home News Swiss Blockchain DECENT Foundation Announces Details on Investment Fund

Swiss Blockchain DECENT Foundation Announces Details on Investment Fund

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.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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