Feature Request : Partially Funded Mutual Territories

[Radentor]

 Issue : 1065
 Title : Partially Funded Mutual Territories
 Author : Radentor
 Status : Proposed
 Type : Feature
 Created : 2024-04-14

Abstract

This issue proposes a change in how territories are funded from single-funded only to be possibly funded by multiple stackers.

Motivation

Over time, most of the territories were left abandoned by it's founder because they simply could not maintain it any longer by him/her-self. It's a no brainer to say that territory it's expected to last longer if funded by multiple stackers .

I propose 2 new model of funding SN territories, first model is similar to IPO in concept and second model is literally just a donation. The current crowdfunding for territory is arguably inefficient due to 10% zap fee and also involves trust for founder not to misuse the donated sats.

In the first model, before starting a territory, founder can add up to 4 cofounders with control of how much is their share of fee. A stacker can reject invitation to become a territory cofounder at their will, but if they agree, they will be subject to territory fee and territory revenue. Another good thing is that 3M sats one-time fee might sound less scary.

In the second model, ownership of territory remains intact to it's founder. The current timer for territory will be shown along with a progress bar indicating it's remaining cost to pay for next month (if yet to be paid). Then on the territory "info tab" there should be a a Donate button alongside the previous progress bar for stacker to donate.

Pros & Cons

• Pros :

1. Cheaper cost to fund & sustain a territory
2. Trustless crowdfunding (second model)
3. More efficient & easier crowdfunding (second model)

• Cons :

1. First model can be subject to "unregistered security" issue (but revenue-sharing can be disabled)

Earlier Mentions

• https://stacker.news/items/339744?commentId=340062
• https://stacker.news/items/353027?commentId=353043
• https://stacker.news/items/353027?commentId=353945
• https://stacker.news/items/359805?commentId=359811
• https://stacker.news/items/412066?commentId=412301