The LBRY Tavern. Cheers!🍺
So you have an idea you want to bring into the LBRY network. You have fleshed out the details and determined its value if it succeeds. You know what needs to get done in what order and how you will track completion of your goals… if only you had the resources and help to get it rolling!
Where the LBRY Foundation and community gather to turn ideas into reality.
The LBRY Foundation uses its resources to support the LBRY network, community, and ecosystem. If you have an idea that will do just that, we want to help if we can. If we can’t help, maybe a hive or someone from the community can.
There are three things to remember if you want to get the most out of the Tavern:
There are two avenues you can use to secure the help you need to build your idea: Initiatives and Project Grants.
Initiatives are small tasks or projects. An initiative is a great way to experiment or explore the development of an idea, or to support a smaller ongoing project.
Most funding requests should exist as initiatives and initiatives are the perfect way to step into the LBRY developer and contributor ecosystem.
There are three tiers of funding for initiatives. Each tier has a maximum amount of LBC that can be requested:
Tier 1 : 200 USD
Tier 2 : 400 USD
Tier 3 : 800 USD
You must complete one initiative of a lower tier before you can request funding from a higher tier. In other words, complete a task with 200 USD in order to ask for 400 USD, and complete a task with 400 USD in order to ask for 800 USD.
The amount requested will be converted to LBC based on the 30 day moving average price of LBC on the Bittrex exchange.
To request funding for your initiative follow these steps:
To give your proposal a better chance of success, try to answer these questions:
Once you have shared your idea in the #initiative-proposals channel, people might ask questions in the #initiative-discussions channel.
Do your best to answer them, and do not take criticism personally! We all want LBRY to succeed.
If your proposal is rejected, rethink it and try again.
The requested LBC amount will be sent to the provided LBC address within 48 hours of the 24 hour period having passed.
Projects are long term and large scale initiatives. There is no limit to the amount of LBC that can be requested with a project grant.
Project grants should be fully detailed proposals with a clear vision, measurable goals, completion dates, and a value proposition.
Projects that are supported by an extensive reputation and the experience from a “prototype” are much more likely to be given serious consideration. For the time being, project grants are reviewed by the Foundation Board every Tuesday. Responses are sent out within 48 hours of their review.
To apply for a project grant, visit lbry.fund and submit a completed form.