Toshi’s is the first Bitcoin Cash developer fund that wants to give its donors a vote on projects funded for every ‘bit’ they donate by utilizing colored coins. Donations are locked and a token is created for every 100 satoshi/bit and transferred to the donators CashPay wallet. The token, Toshi, is a vote that when spent, unlocks the donation you made for Toshi’s Fund to spend on the project you voted. This way, the community decides which projects are funded. Toshi’s Fund will utilize the app Lighthouse to get donations for the projects it wants to sponsor and the gallery that’s going to be created on lighthouse.cash
Current donations are used as funding for further development of Lighthouse, a decentralized crowdfunding application powered by Bitcoin Cash; Memo, a decentralised uncensorable social network and research on the colored tokens voting system that is needed for Toshi’s Fund to work. The colored tokens voting system will be open sourced to encourage developer and/or other community funds to empower their donors by giving them the power to overturn the board on funding decisions.