Open AquaponicsBETA

Community Finance

Where the Money Goes

What happens to contributions — where they go, and how decisions are made.

Where We Are Right Now

This is an early-stage project.

We're currently:

  • building the platform
  • setting up the legal structure (EU-based non-profit association)
  • growing the community

Contributions made at this stage are used to help move all of this forward.

How Money Is Held

Right now, funds are managed through a Wise account.

This allows us to:

  • receive contributions from anywhere in the world
  • hold multiple currencies (EUR, GBP, USD and others)
  • cover development and running costs efficiently

As the project matures, we plan to move to a dedicated EU-based account — likely with bunq — once the non-profit structure is fully in place.

Current Setup (Simple View)

  • Contributions are received via Wise
  • Funds are used only to move the project forward
  • When the formal account is ready, everything will transition across

How Decisions Are Made

The community decides how money is used.

  • Members can submit ideas and proposals
  • Proposals are voted on in the app
  • Approved proposals guide how funds are spent

Smaller day-to-day costs may be handled without a full vote, but anything significant is decided collectively.

Example

"Funds allocated to Prototype X → approved by community vote on [date]"

Responsibility and Risk

This project operates as a non-profit structure.

  • The organisation holds financial responsibility
  • Members are not personally liable
  • No profits are distributed to individuals

If the project ever stops operating, any remaining assets are handled according to non-profit law.

Our Commitments

We aim to keep things clear and easy to follow. We commit to:

  • sharing regular financial updates
  • showing where money comes in and goes out
  • linking spending to community decisions where possible
  • respecting every contribution made

Monthly Updates

We will publish a simple monthly breakdown showing key financial activity.

No statements published yet

These will appear once activity begins and the account is in regular use.

Each monthly update will include

  • Total funds received
  • Total funds spent
  • Current balance
  • How money was used
  • Links to any related votes
  • A short plain-language summary

A Note

If you choose to contribute, you're helping build something from the ground up.

Every contribution supports:

  • development
  • structure
  • and the community itself