Trezor is a different story and it is considered a lite project. It was a request from the NEM community not a request form a third party organization for funding. Totally different story. Please make sure to evaluate and compare apple to apple.

That's a very valid point. Always good to read smart posts

I start to read about XEM project and I see there's a massive community behind. I'm trying to find a project and enter it long-term, XEM is one of the things I start to track.

I followed the NEM forum links and couldn't find any voting there. Can't wait to vote with a BIG NO.

Agree. WAVES platform has developed and supported token projects within their platforms which is a smart move for them. Its going to be a smart decision for all NEM holders too. Don't wait for ARKs to be developed or you'll end up with copied ideas. Use the funds for new projects.

The proposed NEM authenticator from Atraura Organization seems mainly focused on EASE OF USE. I do not see any new proposed feature other than utilizing multi-sig "which is one of NEM's core features". They will utilize multi-sig in a manner that would make it very easy and simple for users to use it practically for authentication and authorization purposes.

NEM dev team already developed the hard part long time ago "multi-sig". Back then NEM dev team didn't spend $3,000,000+ to develop such impressive core NEM feature.

Atraura Organization is asking for too much funds "$3+ Million" just to utilize NEM technology. It is not smart to waste NEM funds on NEM Dapps. We should vote on the principal that NEM should never fund third party projects unless:

- The research/design been fully developed and approved internally
or
- The added NEM feature been initially requested by the NEM community such as what happened with the hardware wallet request.

Here's my 2 nem about the latest community fund proposal.

First thing people need to understand is that the community fund and the development fund are not the same thing.

Community fund was created to fund projects outside of the main nem development.

15 million might sound like much but given that there is currently almost 300 million in the community fund this project would only require about 5% of the fund.


Now about the proposal itself:

Having a development framework would make development on the nem chain even easier.

The guys at Atraura have experience developing for nem so they are not just some random company asking for nems so i think there is a good chance they will finish the project.

Having more projects running on the nem blockchain is the best possible advertisement. (Usually theres an uptick in price on any crypto when new projects are finished)
Not to mention this project would not only help Atraura but every developer that wants to develop for the nem chain.

Last thing i want to say is that the milestones in their request sound very reasonable - for the first ones they only need 1,5 million each.

The way i understood that post was that the authenticator would only be the first milestone so it would only cost 1,5 million nem.

I would argue that this is a critical time in the history of NEM. Many cryptos are racing to become the chosen Blockchain/coin, innovation at this juncture will help drive adoption. If no one adopts NEM it doesn't matter if we have 1 trillion in the DEV fund if no one is using it. I say go for it.

There were few good points ...

Basically, I would not reject new devs, because they are coming "outside" of NEM.
But the another issues are
a) the possible benefits to NEM
b) the costs


To evaluate the possible benefits, there are needed good examples of the use cases, etc. 5 days is quite short time to study and understand them well enough.

To evaluate the costs there are 2 ways:
how much coding work (men months) the project requires  or/and
how much NEM community values the possible benefits.

Agreed!!
All the major points should be set in stone by a waterproof contract as we're not talking about a giveaway of 50USD.