OpenSats is 100% pass through, we do not take a cut of donations, period. This is incredibly rare in the non profit world. Our nine person board has not and will not be paid a single sat. Gigi is paid to run the org full time. The money for that was paid by a single donation for that specific stated purpose. He has rebuilt our processes from the ground up and made everything much more efficient. All funds are provided to open source projects that apply and are approved by board vote. The board is intentionally nine people to reduce the impact of individual bias. We operate on simple majority. If there is a conflict of interest between a board member and a project they are expected to recuse themselves. We will be releasing transparency reports and updates as funds are allocated. Understandable that some are frustrated with the speed of deployment but we are moving as fast as responsibly possible. Over the last two months we have announced nearly thirty grants. More will be announced soon. Are you an open source contributor? Apply Here:

Replies (34)

This is why I happily split 10% of my podcasting 2.0 streams and boosts with @OpenSats Now all I need are more listeners. Slow and steady with thebitcoinmuse.com
BlackBlot's avatar
BlackBlot 2 years ago
And you use OpenSats funds to fund your Ten31 investments. Nothing wrong with that, but it is worth mentioning for transparency (some conflict of interrest) @ODELL
Thank you @ODELL for the info & transparency. Now I know. Together we can make a difference ! Cheers to Freedom Tech πŸ•ŠοΈ
Chris Ash's avatar
Chris Ash 2 years ago
This is absolute incredible. Thank you all for contributing so much to the growth of the network.
dackdel's avatar
dackdel 2 years ago
kudos to open sats. was the only way for me to get some corpmoney to btcpayserver
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