Interesting idea, A small but impactful change I would make would be to change dollar amounts into tokens. e.g. 1 token = $50.
A company might want to buy 1000 tokens and allocate tokens individually to specific issues, but they also might want to put tokens in a pot the maintainer can access to "spend" on issues they want to prioritise for the project or allow them to "spend" tokens at a specific rate, etc.
It also means that money is committed upfront by the companies, i.e. the money is real and exists, has been set aside for this thing and in case of a dispute polar can make decisions, etc
Thank you! Excellent feedback and completely aligned with the intent here.
> It also means that money is committed upfront by the companies, i.e. the money is real and exists, has been set aside for this thing and in case of a dispute polar can make decisions, etc
Glad to say, that's how it works already. A pledge is paid upfront and the capital resides within the Polar platform account with Stripe until the issue is marked completed. Then it's transferred to the maintainer minus fees (10%). Or refunded to the backer after 6 months (a timeframe we'll experiment with). We're going to build a "Polar balance" so individuals or companies can top-up their account, automatically disperse it etc too.
So the only question is whether it needs to be abstracted into a "token" concept or can simply continue to be $ upfront. Definitely some advantages and opportunities with "token" vs. money though. Just a bit mindful of the associations people have with "token" specifically from the crypto world.
> they also might want to put tokens in a pot the maintainer can access to "spend" on issues they want to prioritise for the project or allow them to "spend" tokens at a specific rate
A company might want to buy 1000 tokens and allocate tokens individually to specific issues, but they also might want to put tokens in a pot the maintainer can access to "spend" on issues they want to prioritise for the project or allow them to "spend" tokens at a specific rate, etc.
It also means that money is committed upfront by the companies, i.e. the money is real and exists, has been set aside for this thing and in case of a dispute polar can make decisions, etc