The New Dogecoin fund will be held in a multi-signature wallet managed by Dogecoin Core developers.
), which is around $360,000 at the time of writing, to the new fund to support the development of the Dogecoin platform.
According to the Dogecoin foundation, the fund will be held in a new multi-signature wallet managed by its members and needs three out of five signatures from Dogecoin Core developers chromatic, Marshall Hayner, Michi Lumin, Patrick Lodder and Ross Nicoll. These custodians will not have any rights to the funds aside from managing the release. The team wrote:
“The DOGE held in this wallet will disburse rewards to developers of Dogecoin Core for work on all contributions, no matter how big or small.” For every release of Dogecoin Core, 500,000 DOGE will be distributed among developers who contributed to the release.
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