That Dogecoins DOGE/USD Foundation has announced the creation of a new development fund for the Dogecoin Core project.

The fund will be managed by existing core developers and members of the Dogecoin Foundation Board and will be transparently documented through upcoming blog posts detailing all issues and developments.

To support the development of the Dogecoin Core project, the Foundation transferred 5 million Dogecoins to the fund.

The fund will have a signature threshold of three out of five, with custodians including Chromatic, a Dogecoin Core developer; Marshal Haynera board member of the Dogecoin Foundation; Michi Lumina Dogecoin Core developer and board member; Patrick Loder, a Dogecoin Core developer; and Ross Nicoll, a former Dogecoin Core developer, according to to the foundation.

The fund will pay out rewards to the contributors to the Dogecoin Core project for their work, regardless of the size of their contribution.

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Rewarding contributions to Dogecoin Core

With each major or minor release of the Dogecoin Core project, 500,000 Dogecoin will be distributed to all contributors listed in the release notes since the previous major or minor release.

A version must contain at least 25 non-space or comment-only pull requests to qualify as a major or minor version.

These are the only allowed transfers from the wallet.

The payout amount for each individual contributor is determined based on the process used for the Dogecoin Core top jar, or a similar approach if the top jar is non-functional.

The fund custodians have no personal rights to the funds held in the wallet, either individually or as a group.

All distributions will be announced and shared on social media channels.

If a supervisor is unavailable for three months without notice, the remaining supervisors will initiate a follow-up process to nominate a replacement.

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