HNS Development Fund

Handshake is a completely community-run decentralized blockchain built to dismantle ICANN's monopoly on top-level domains (.com, .net, .org, etc. are all top-level domains controlled by ICANN, who charges an $185,000 evaluation fee for new ones) and improve internet security by replacing Certificate Authorities. Handshake also helps protect and decentralize Ethereum at the internet level. Some Handshake Development Funds are going towards porting domains to use ENS as well. This community run development fund is the only source of non-VC, non-dilutive grants funding in the HNS community. Our goal is to support and empower our fellow open source developers and creators in their mission to create a free and open internet on the dweb. - 80% of funds go to independent creators and core devs working on the HNS stack on a monthly basis. We maintain a spreadsheet of grant transactions and an announcement is published in The Shake every time grants are distributed with details of grantees and amounts. - 20% of funds will be held in reserve to fund bounties that tackle long term projects on the core protocol. If we cannot give away the full 80% of monthly grants, those funds will be rolled over into this reserve. Reserves are held in the multisig.