How are you guys generating income presently for marketing and development?
For the next few months, we're focused on building our core group of supporters. This has several major advantages to an early big marketing push. First, we can quickly modify the project as we get feedback from the community. Second, our current team has enough time, resources, and connections to build an audience and build Bolt software without sacrificing the values of our project for outside funding.
After the core community is built, DFOs are critical to building a larger audience, raising awareness of Bolt projects and services, developing new Bolt-based software, and upgrading Bolt's protocol. DFOs will need to seek out financial sponsorships to fund certain projects, though we expect the majority of the tasks will be done by passionate community participants for BLT.
Interesting project.
"PRODUCERS
Create your product and put it on the market. Sign up at join.bolt.bz and get notified
when new grants are available. Propose your project to a DFO providing grants near you and receive Bolt
to fund your dreams. Miners who select your project will send you the supplies you need. Once your project
is complete, sell your product for Bolt. Show the community your product and we'll share it with potential
customers."
So if I uderstood correctly it is like a kick starter project?
You're right to point out the similarities between Bolt and Kickstarter. One major difference is how projects are funded. Kickstarter focuses on funding a budget for a particular project while Bolt Miners pick specific goods to deliver to Producers. Another major difference is the rewards contributors receive. In Kickstarter, contributors receive some sort of physical object as a reward. For Bolt, rewards are in BLT.
It's also important to point out that Kickstarter is focused on getting new projects off the ground, while Bolt is willing or even prefers existing projects with a proven track record. Once enough Producers get onto Bolt Markets, it will be possible for Producers to directly Mine from each other by sending goods other Producer's projects require. This makes Bolt's scope a lot larger; its ultimate goal is to build a new economy based around grants.