On November 21, the NavCoin core team announced, that the worlds first fully decentralized community fund has become active:

“After many months of planning, developing, testing and retesting the NavCoin Community Fund went through its lock-in period and became fully active on Friday last week. Activation means that the world’s first dual-vote Community Fund is open to submissions, proposals can be voted on, and funds released for completed projects.”

This means, that everyone can share their ideas for projects with the NavCoin community which then vote for or against the funding of the idea.

It is fully decentralized which means, that no single entity has the control over the community fund. Releasing of funds is in the hands of the community itself.

T he Ecosystem

The ecosystem around the community fund is versatile. There is the collaboration forum where proposals can be presented and a team for the project can be gathered.

Many currently voted on project have used the collaboration forum to present their idea to the broader audience and made a cost breakdown. Here is an example what this could look like for my own proposal.

How to find proposals you like

To get an overview of which proposals are currently voted on, you can head over to the community fund page.

Overview of the currently voted on proposals

How to vote for a proposal

When clicking on a specific proposal, you get redirected to a more detailed info page for this proposal:

Detail page of a specific proposal

On the bottom of the proposal info, you find two buttons: “Yes” and “No”.

Clicking them opens an overlay menu with a command, for example:

proposalvote aabb434ae2a248cbf8ffa903f9e9610e4d51ac53e507f09450b3e7ebac66ee59 yes

The command is subdivided in three parts:

“proposalvote”: this is the command to vote for a proposal

“aabb434…”: this is the hash for the specific proposal

“yes”/”no”: if you want to vote for or against the proposal

When clicking the “Yes” or “No” buttons, you aren’t voting yet. You have to execute this command in the NavCoin Core Wallet or NavPi or NEXT Wallet — the place where you are staking your coins.

NavCoin Core Wallet

Go to

Help -> Debug window

Click on the tab “Console”. Here you can post the command and execute it with “Enter”:

Executing the command

Note: I already am voting for my project, this is why the red info message appears.

When you get an error message that your wallet is locked, you first have to unlock it with this command:

walletpassphrase YOURPASSWORD 60

This unlocks the wallet for 60 seconds and you can execute the voting command.

NavPi

Voting with the NavPi is similar to voting with the core wallet. Head over to your NavPi Web UI and click on “Control” and after click on “All Commands”.

Voting with NavPi #1

Here you can write the command like the following and execute with “Enter”:

Voting with NavPi #2

Voting with NavPi #3

NEXT Wallet

Voting with the NEXT Wallet is by far the easiest.

Start the NEXT Wallet Click on “Community Fund” You are presented with a list of all currently active proposals.

On the bottom of a proposal, you can find the two “Yes” and “No” buttons again. Clicking these buttons will automatically execute the proposalvote command. You don’t have to do anything else, you are actively voting for/against the project after clicking the button

Voting with NEXT Wallet

This is it, now you’re voting and actively participating in the community fund!