WikiDeal Funding Dashboard · Concept

How donations, the Foundation need and Rewards work together · public summary

1. Purpose

One dashboard shows the two sides of financial support to WikiDeal:

The dashboard makes the whole mechanism transparent and verifiable (wiki culture and Ethereum culture) and pleasantly engaging: watching subscriptions arrive and your reward grow.

2. Three key words

multiplierfrom the bonding curve
needthe Foundation need, a percentage
rewardyour potential reward
Effective multiplier = bonding curve multiplier × Foundation need.
A sample donation of CHF 1'000 at ×100 with a Foundation need of 100% gives a potential reward of CHF 100'000 NOT GUARANTEED.

3. The bonding curve

The bonding curve is a fixed algorithm: it starts at ×100, ends at ×30 and distributes 50 million rewards according to a mathematical formula (sample description, subject to validation). Earlier donations get a higher multiplier. The ×30 floor comes from this curve: the effective multiplier never goes below ×30.

4. The Foundation need

The multiplier alone is not enough: it is balanced by the Foundation need, a percentage, fully automatic, with needs defined by the steering committee.

The dashboard shows the Foundation need as a gauge: red at full need (100%), green at partly need (below 100%). Inside the gauge sits the key figure of the system: the functioning variable, CHF 10'000/month, set at launch and adjustable.

The initial requirement starts at CHF 100'000 for the first month, so the need stays at full for a long time. Every further month adds the CHF 10'000 functioning variable: in month 2 the requirement is CHF 110'000 minus everything already donated.
Outstanding requirement = CHF 100'000 + CHF 10'000 × (months - 1) - cumulative donations (never shown below CHF 0). The need stays at full need, multiplier ×100, as long as this amount is not covered; the pace of donations is what brings it down.
Foundation needEffective multiplier (nominal ×100)
full need: 100% (month 1)×100
partly need: 80%×80
partly need: 60%×60
partly need: 30%×30 (floor)

Proposed formula for the descent, to be validated: Foundation need = 100% - 70% × (months of provision covered ÷ 3). The descent only starts once the outstanding requirement is covered. The provision is the last figure of the system: it drives the Foundation need.

5. The foundation provision

Half of the incoming money goes to the monthly functioning costs, half to the initial requirement. The foundation provision (target: 3 months of functioning cost) funds maintenance and development. It is not a reward. The foundation margin, the gap between what the bonding curve promises and the reward actually attributed when the Foundation need is below 100% (partly need), feeds this provision.

6. When you donate

  1. Your potential reward appears (sample: CHF 1'000 at ×100 shows CHF 100'000).
  2. Then the question: "What percentage do you want to give to the foundation?" Free choice from 0% to 100% (0% is allowed).
  3. Two presets: "cashback" (×1: you get back just the amount you donated, the rest goes to the foundation) and "full donation" (100% to the foundation).

Sample free choice: 25% to the foundation on a CHF 100'000 reward = CHF 25'000 to the foundation, CHF 75'000 kept as potential reward.

7. Rewards

8. Public transparency

9. Payment flow

  1. Credit card via Stripe: donation or subscription paid by credit card.
  2. Foundation account, holding period: funds arrive on the Ynternet.org Foundation account with a holding period (illustrative: 7 days).
  3. Foundation confirms: the Ynternet.org Foundation confirms the payment and activates the promised reward NOT GUARANTEED. Never automatic on reception.
  4. Transferable to your bank account: the activated reward becomes progressively transferable, funded by real subscription income.
A possible annual percentage increase on rewards is under study — see the draft Open Call.

10. See the design proposals

11. Versions of this concept