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@SlopCash will be one of the first projects to launch on Umia. Built by
@shawmakesmagic, who took ai16z to $2B, and
@mil_itia.
Now they're leveraging Umia to build a real solution for rewarding open-source contributions, with a stronger moat and a much more solid token framework.
Imo it's clear that OSS runs the internet, and the way we fund it is completely broken. If you reward activity, you pay for volume, and now that AI agents write code, low-effort work is almost impossible to tell apart from useful work. Slop Cash solved this by paying contributors for merged PRs and accepted reviews, in a fully programmatic, blockchain-native way.
Slop is at the perfect stage to launch on
@umia_finance, where the product is at the point where early traction can turn it into a real business. Since July, ~10,000 merged PRs and 4,700 code reviews scored, 108 contributors in the elizaOS August cycle alone, and the first 6,005 USDC paid out in September.
The business is fully onchain, which makes total sense for an ownership coin. The raise is deliberately small, and the tokenomics align closely with Umia: no previous rounds, a public auction, a treasury managed by decision markets, and a large float at launch.
The team has been extremely professional and collaborative from day one. I'm excited to work with Shaw and Drew. They're two builders with decades of experience who understand what the market needs.
Over the coming weeks, we'll do roadshow with funds and the community to better showcase the potential of
slop.cash. Then we launch!!
We are announcing
@SlopCash as one of the first confirmed projects launching in Cohort 1.
Make money shipping open source.