Stellar Upgrades Community Fund to v7.0 – Introduces Milestone-Based Funding Structure

Stellar's v7.0 upgrade of its Community Fund introduces a new funding model, disbursing payments in stages to support project milestones and boost ecosystem growth.

XLM

Summary

Stellar has launched the v7.0 upgrade of its Community Fund to enhance ecosystem growth. The new payout system releases funds in four stages: 10% upfront, 20% at the mid-term, 30% upon testnet deployment, and 40% upon mainnet validation. This shift is aimed at accelerating development and ensuring project success.

Terms & Concepts
  • Stellar Community Fund (SCF): An open-application grant program designed to support developers and startups building projects on the Stellar network.
  • Testnet: A blockchain environment used for testing and experimentation without risking real funds or affecting the main network.
  • Mainnet: The primary public blockchain network where actual transactions take place with real economic value.