Project Financing
The implementation of the NetGalaxy® project requires substantial financial resources. For this reason, one of its strategic objectives from the very beginning has been the creation of its own economy, capable of ensuring complete financial independence and sustainable self-financing of the entire system.
During the transition period, donations and external funding are used to gradually build an economic environment in which the community itself generates the resources required for its own development. The organization of this system is defined by two project packages – NetGalaxy® Economy and NetGalaxy® Finance, which establish the economic and financial mechanisms, the rules for managing financial resources, and the principles governing their use.
The profit generated by the community's economic activities will be managed through a budget-based model defined by the NetGalaxy® Economy and NetGalaxy® Finance projects. It will not be distributed arbitrarily, but allocated to predefined areas that simultaneously support the development of the community economy, the financing of non-commercial activities, and the direct economic benefit of community members.
The community budget will be allocated as follows:
- development and expansion of the community economy;
- administrative support for the foundation, community clubs, and other non-profit organizations within the project;
- venture capital for the development of new technologies and projects whose final outcome cannot be guaranteed in advance;
- development and operation of NetGalaxy® Academy;
- development, expansion, and maintenance of NetGalaxy Network;
- charitable programs and other public-benefit activities defined by the NetGalaxy® projects;
- distribution of part of the profit to community members as passive income according to predefined project rules.
The amount allocated to each area is determined through the community budget, which is discussed and approved by the members of the community. The approved budget is executed through smart contracts that ensure the automated, transparent, and verifiable use of profits in accordance with the adopted decision.
Initial Financing
Until this independent financial system has been fully established, the development of the project is supported through transparent and lawful sources of funding, including:
- donations;
- sponsorship from individuals and legal entities;
- grants and targeted programs supporting technological, environmental, and social development;
- European programs supporting scientific, commercial, and business activities;
- revenue from specialized services, training programs, and professional qualification courses provided by NetGalaxy® Academy;
- other lawful sources of funding.
All financial resources are managed in accordance with the principles of legality, transparency, accountability, efficiency, and independence. They are used exclusively to achieve the objectives of the project and to support the development of its community.
A detailed description of the economic and financial model will be presented in the NetGalaxy® Economy and NetGalaxy® Finance projects.