FundRequest makes easy to fund open issues on any project, in any language. Inspired by the rise of the gig economy, it brings together developers and organizations requesting open source development.
The FND token is a catalyst to the platform’s development and user experience. It allows people to create network effects and introduce mechanisms of fair play. The own utility token also means people can operate independently from a third-party token.This token will be a token on the Ethereum blockchain following the ERC2020 token standard. This token has already proven its strength.
The platform contains the following key components:
– Blockchain smart contracts
– Core: this is the core FundRequest platform that contains the logic for the system
– API: a set of API’s that will be offered to internal applications that allow FundRequest services. These will act as a gateway for all frontend services
– Frontend: several means of communicating with the backend API, such as a web application and a chrome plugin.
FND tokens are utility tokens. They will always be required by solvers, to stake towards an issue and solvers will always be required to hold some FND tokens. Initially every issue can only be funded and rewarded with FND tokens. This will change with extension ‘Funding with fiat currencies or other tokens.With the Team extensio,it will also introduce the ability for team members to become a team lead by providing a bigger stake. FND will also be the first token to be accepted by the SkillToken Factory and the SkillToken Factory requires a small portion of FND tokens in return for skill tokens. Those FND token will be burned forever .The more requests that are funded, the more solvers will claim rewards, the more teams that are created, the more project leads will be required, the more FND tokens need to be staked and thus remain in the platform.