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Ivy-Apps-Business-Model.md

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Ivy Apps Business Model

⚠️ This isn't a legal document and doesn't have any legal value.

50% of our profit goes to contributors

We'll share 50% of our pure profit with contributors in the form of "Contributors" fund.

profit = revenue - taxes - fees - operational costs

Example: $10,000 revenue is ~$6k in profit. (15-20% GooglePlay fee, ~20% Bulgarian taxes, operational costs)

The money from the Contributors fund will be assigned as a bounty for paid tasks. Each paid task is labeled will "paid" and will continue bounty, details & success criteria.

Contributors can show interest in the comments of a paid tasks and @founders will approve and assign the task to a contributor.

Each task will have milestones and deadline. If the task is solved successfully and passes success criteria the bounty will be paid to the contributor who solved it.

Tasks bounty while we are poor, will range between $10-$100.

We're looking for a win-win!

🚧 All above is currently a big WIP and we're looking for your feedback and ideas.

How can we enable fair, win-win contributions so everyone is happy? If you have ideas please share your ideas in Ivy Wallet Telegram.