The Foundation is seeded with a generous fund to support the foundation's operation, the core infrastructure, and a grants program for Improvement Projects (PIPs).
Ongoing funding is provided by levying fees (gas) on the use of the Provenance Blockchain network services.
The Provenance Blockchain native utility-token to pay for services is Hash, which can be freely bought and sold on publicly exchanges.
The Provenance Blockchain Utility-Token: Hash
Smart-contract and Validator services on the Provenance Blockchain network are paid for in Hash. 2% of that gas fee is levied to support the Provenance Blockchain foundation.
The core infrastructure services, code and operations have guaranteed funding to ensure a high level of integrity and service-level of the Provenance Blockchain ecosystem operation.
The foundation works off an annual budget for core infrastructure support, and uses commercial contracts to pay entities for the associated work.
The grants program funds Provenance Blockchain Improvement Proposals (PIPs) that are chosen by the members through voting.
Anyone can propose a project for work that can benefit the community and/or enhance the ecosystem. If the foundation members vote favorably on a proposal, the submitters will be funded for the associated work.