Permissionless Software Foundation Funding-Token Air-Drop Scheduled for July 15th, 2020

TL;DR: The Permissionless Software Foundation (PSF) announced its first funding-token air-drop, scheduled for July 15th, 2020. PSF community members can then send “funding tokens” to any number of SLP grant addresses provided by the PSF “to indicate which people and projects they want to see funded,” the group explained. 

Permissionless Software Foundation Funding-Token Air-Drop

Later, those same grant addresses “will be funded 1:1 with newly minted PSF tokens to match the funding tokens they’ve received,” the PSF noted further. “These tokens will be distributed over the following three months to fund development of projects and management of the organization, after which the grant-funding cycle will begin again.”

The Permissionless Software Foundation hopes to grow both open source software and Bitcoin Cash (BCH) adoption by promoting projects that make “it easy for individuals to protect their privacy, circumvent censorship, and engage in Agorism,” according to the PSF website. Agorism is most closely associated with 20th century philosopher Samuel Konkin, and has come to mean a kind of working around traditional coercive structures to get at an utterly voluntary and peaceful means of exchange, sometimes also called counter-economics.

Well known BCH developer Chris Troutner, along with devs Daniel Humberto, Andre Cabrera, JT Freeman, and newly added business development manager David Allen (frequent host of online developer meetings with The Future of Bitcoin Cash) round out the team. PSF grants run the gamut, from literally funding the work of people like Troutner to encrypted messaging development, an SLP Post Office Server, SLP token infrastructure, an archival full node, a collaborate CoinJoin initiative, uncensorable publishing via Tor, and various bounties.

“The business plan for the Permissionless Software Foundation and PSF token discusses the token economics and mathematics used to create a pseudo-stable utility token,” the group stressed, “allowing open source software communities to self-fund without the need for venture capital, corporate sponsorship, or other fiduciary responsibility,” underlining again its Agorist roots. Those interested in participating in the airdrop can buy PSF tokens directly from the Foundation website (at the time of publication, purchasing tokens was experiencing a slight hiccup, however).

Bitcoin Cash

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