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Open Source Community KDE Receives $200,000 in Bitcoin from The Pineapple fund

Open source community kde receives $200,000 in bitcoin from the pineapple fund

Open Source Community KDE Receives $200,000 in Bitcoin from The Pineapple fund

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Today open-source community KDE received $200,000 from The Pineapple Fund.

KDE is an open-source community that creates free software for both desktop and portable systems. For Linux systems, KDE is well-known for its Plasma desktop and applications including Dolphin file manager and Kontact – a personal information suite.

The software is used by millions of home and office workers and in schools around the world, with Brazil alone having over 50 million school children using the software to browse, learn and communicate.

In a public announcement, the organization commented that the donation will allow them to organize events that bring the community together; sponsor development sprints to improve the usability and performance of existing tools; pay expenses for contributors traveling from distant locations and attract more contributors and build a more inclusive community. It will also allow KDE to create new and safer programs and carry out research for future generations of KDE’s environments and applications.The community issued a release expressing their gratitude for the donation and laid out their vision for the future.

“We will use the funds to further our cause to make Free Software accessible to everyone and on all platforms. The money will help us realize our vision of creating a world in which everyone has control over their digital life and enjoys freedom and privacy”.

KDE is the latest organization to benefit from The Pineapple Fund’s generosity in a string of acts of cryptocurrency philanthropy. In December of last year, the Fund gifted The Internet Archive $1m, a  nonprofit digital library aiming to provide universal access to all knowledge. This was followed in January with a $1m donation to the Free Software Foundation, an organization working to defend the rights of all software users.

The Fund has not focused on the digital space, earlier this month $5m was given to the Open Medicine Foundation, a charitable organisation funding research into chronic complex diseases. It has also looked to the future, donating $5m to help support GiveDirectly, a Basic Income experiment that could end poverty for many rural Kenyans.

It’s an impressive resume, but what exactly is The Pineapple Fund? The organization was initiated in December by anonymous donor “Pine”, an early bitcoin investor and one of the 250 largest holders of bitcoin in the world. The fund aims to give away $86 million worth of bitcoin and has already given $20 million. Not only is the organization directly affecting positive change, it is also changing perceptions of cryptocurrencies themselves. The Fund has garnered widespread media attention and was picked up by the New York Times as one of the best things to occur in 2017.

Featured image from Shutterstock.

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Published at Mon, 19 Feb 2018 19:52:12 +0000

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ICOBox Token Store Readies for Rollout

ICOBox, the world’s biggest provider of SaaS ICO solutions, is about to add an exciting new innovation to its already impressive list of services. The week of December 18, 2017, it will unveil its Token Store. The Store will be a marketplace that sells the tokens of interesting ICO projects to participants at a 30-75% discount. There will be no upper or lower limits on the number of tokens that can be acquired by users.


Your One-Stop Token Shop

Those who wish to use the Token Store will have to register using their ICOS token ID on the Token Store secure platform. Once they are registered, they can deposit cryptocurrencies on their accounts. The wallets currently accept BTC, ICOS or ETH. When tokens that the users wish to acquire appear on the marketplace, they can exchange the cryptocurrencies in their wallets for the tokens. Participants will then be able to withdraw the tokens from the platform, subject to KYC verification. This is a standard legal requirement and involves the user giving his full legal name, address and a copy of official identification documents.

ICOBox Co-Founder Daria Generalova states:

The Token Store is all about making quality tokens more accessible to token holders. We plan to thoroughly scrutinize ICO projects before selecting them for the Store. Some of the factors we will consider include whether the project is set to be successful in its ICO, whether it has met its stated financial targets (for example, having already reached the soft cap), and whether the project includes an escrow account where funds can be stored for at least two months, pending the completion of its ICO. Due to our hard work up front, users can rest assured that, no matter their choice, they will be receiving a first-class token.

The new tokens remain on the marketplace for a month, and any unsold tokens are returned to the issuer. Varying discounts may be provided by the ICO projects, up to and including the highest discount, which requires that buyers wait at least 24 hours before withdrawing the newly acquired tokens assigned to them from the platform.

The founders of ICOBox trust that this new service will create synergetic effects for all parties involved.

[youtube https://www.youtube.com/watch?v=lbuD32LN4T0?feature=oembed&w=500&h=281]

About ICOBox

ICOBox was established in July 2017 with the goal of providing SaaS and turnkey ICO services to blockchain-based projects. Soon thereafter, ICOBox conducted its own ICO and collected 4,000 BTC. Ever since, the project has been organizing ICOs, and to date, its clients have collected over $200 million, which they will spend to bring their state-of-the-art products and services to the market.

For more information about ICOBox and its services, please visit icobox.io.

What do you think of a discount marketplace for ICO tokens? Will it help or hurt participation in listed ICOs? Let us know in the comments below.


Images courtesy of ICOBox

The post ICOBox Token Store Readies for Rollout appeared first on Bitcoinist.com.

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