Eden on EOS, Pomelo and EOStarter are currently three different crowdfunding platforms that are being built on EOS and aiming to be live before the end of the year. These platforms are being built by different teams and in this article we’ll highlight some of the different approaches taken in terms of development, funding sources, and which types of projects are likely to be funded on each platform.
Eden on EOS
Built by Dan Larimer and a team of developers that he has personally hired and paid for, Eden on EOS aims to achieve funding consensus through the system of political playoffs described in Dan’s book titled “More Equal Animals.” If the Eden on EOS system leads to positive outcomes for EOS, Dan is hoping that block producers will approve his request to reimburse the development cost of the platform.
In terms of funding, a few different sources are currently being discussed for Eden on EOS such as a donation from Block.one, new EOS inflation, and other potential sources of income that include standing up an Eden block producer. Dan mentioned that Block.one has shown some interest in providing funding for Eden on EOS, however no funding has been publicly confirmed by Block.one. Eden on EOS could also be funded via extra EOS inflation, such as an extra 0.25%, which would need to be approved by block producers. Before getting such approval, Eden on EOS would have to prove it’s value to the network and Domenic Thomas has outlined a potential roadmap that he believes would be a nice body of work that could be used to pitch investors such as Block.one and active block producers. Another potential source of funding would be to stand up a block producer and direct all of it’s daily block producer rewards to Eden on EOS. This idea gained a significant amount of momentum this week when Kevin Rose from Block.one’s Public Blockchain Engagement team mentioned that Block.one would be happy to support such a block producer with the full weight of their votes, which is currently worth 200 EOS per day.
Projects funded by Eden on EOS are likely to fall within the category of “public goods,” which we discussed in episode 105 of the EOS Hot Sauce. A great example of a public good is the EOSPowerUp.io platform and Telegram bot, which is a service all EOS users can benefit from and was partially funded by the first mock election of Eden. At the end of the day, the projects that get funded by Eden on EOS will depend entirely on the consensus reached by its members during the political playoff process.
Want to learn more about Eden on EOS? Check out the Eden Community Calendar for weekly events aimed at growing the Eden on EOS community such as:
- Monday evenings “Open Mic” meeting (22:00 UTC – 24:00 UTC)
- Thursday Eden Community Podcast (20:00 UTC to 21:30 UTC)
- Saturday webinar livestream (00:00 UTC to 01:30 UTC)
And remember to sign up for the 2nd Eden on EOS Trial Election taking place on July 17th!
Pomelo’s Quadratic Crowdfunding Platform
The development of Pomelo was funded by Block.one and is being executed by EOS Nation and EOS Asia. Pomelo aims to empower individual donors by amplifying the funding they chose to send to various projects through the presence of a matching fund. Block.one has committed to donate some matching funds for the first round of funding, which is scheduled to take place before the end of the year.
Any project, team or individual will be able to sign up as a potential candidate to receive Pomelo funding. But only public goods will be eligible to receive funds from the matching pool. Learn more about public goods and how funds are matched in episode 105 of the EOS Hot Sauce.
And, while we’re on the topic of Pomelo, make sure to check out our recent tweet asking the community to share with us their most creative ideas regarding the origin story of the Pomelo name! We always want to reward our active community members and we’ll also be featuring some of the most creative responses in an upcoming edition of the EOS Hot Sauce.
EOSTARTER brands itself as the first community-powered incubator and launchpad for EOS projects. The development of the platform is personally funded by Hernan Arber, a long-time, dedicated EOS community and Founder of EOS Israel. The three core pillars of EOSTARTER are:
- Provide unique opportunities to all the members of our community
- Provide maximum value to our teams, participants, and investors
- Build and cultivate a long-term thriving investor community
Investors in the EOSTARTER launchpad will receive $TART tokens that will qualify them to invest in new projects via a pre-sale or discounted tokens. Unlike Pomelo, public goods are not the focus of this launchpad. This is an incubator for private for-profit ventures, as is standard of other launchpads that have gained popularity and can be found on various smart-contract platforms across the wider crypto ecosystem.
EOSTARTER is however dedicated to the enrichment of the EOS ecosystem, so they may consider supporting projects that are public goods with services to help expedite their completion and launch.