Why IFP is necessary?

in LeoFinance4 years ago

Now, we will talk about funding infrastructure and how does it enforce a wonderful future in a certain project. Even it is decentralized, governance is still needed to exist to lead it away from the proper authority which is the state government. Funding the project is one of the keys to having a successful launch of the project. Roadmaps will never proceed if there is no budget to fund the plans. (Devs should have the right to gain a budget from the community rather than spending their own money for the interest of the community? How's unfair) The support of the community has a tremendous impact on the outstanding achievement of a project Continually support from the miners will help developers to have achievement and give the best for its community demand.

What is the importance of these words?

Taxation

Taxation not only pays for public goods and services; it is also a key ingredient in the social contract between citizens and the economy. The more funds gain from and spent can determine a government's very legitimacy.

Budgeting in project

The importance of budgeting in project management lies in the ability to prevent unnecessary costs and to allocate the correct budget to each corresponding need. ... As the mantra goes, “Time is Money”, and nothing is more harmful to the successful development of a project than a badly configured budget.

Project governance

Project governance is the infrastructure that surrounds your project dealing with responsibility and accountability. Basically, it is the framework for deciding regarding the project.

Criticism never helps the project itself but it can have a huge impact on the project. The opposition always wants to take a lead from the real founders of a certain project. Criticism should help the legitimate founder rather than taking the opportunity to lead a project that is not even yours.

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