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Proprietary-Software’s Killer: Beta Version Released

Moscow, Russia, February 09, 2018 --(PR.com)-- On February 8th, beta version of opengift.io, the
platform offering a new business model for custom software development, went live.

"Today, when a company needs a custom software tool, they usually invite in-house developers or
vendors to customize open source software. Such approach is inefficient, since many companies need
same features rather often. With OpenGift, they will be able to request changes done by open source
developers in the very software the developers have developed or maintained, and fund it by donations
jointly with other companies," explains Yegor Maslov, OpenGift Founder & CIO.

OpenGift emphasizes that such model could work only in the combination with well-designed
reputational system. The project roadmap implies OpenGift platform collects and displays many options
for different metrics. It will help potential backers assess their donation risks for a particular project, and
estimate the time until the release of the desired feature.

OpenGift team believes that for open source projects, to compete successfully with the proprietary
software rivals, they need to offer similar level of service. This is where the second part of OpenGift's
solution comes into play: smart contracts as the basis for open source organizations.

According to the smart-contract design, a share of the donations each project participant receives is
proportional to the share of the project's tokens they hold. By transferring tokens, project owners can
offer monetary incentives to their contributors and participants who provide additional services, such as
technical writers, field experts, marketers, etc. By offering a share of the future income to the investors,
opens source projects will obtain early-stage funding.

The alpha version of the platform was released in the beginning of January 2018. Since then, more than
75 open source projects have joined OpenGift platform.

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Contact Information:
OpenGift
Evgeny Morozov
+79772974307
Contact via Email
opengift.io

Online Version of Press Release:


You can read the online version of this press release at: https://www.pr.com/press-release/744175

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