> For the complete documentation index, see [llms.txt](https://hylozoic.gitbook.io/hylo/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hylozoic.gitbook.io/hylo/guides/participatory-funding-rounds.md).
# Participatory Funding Rounds
Participatory grantmaking or budgeting is a practice where resources are distributed through a collective process by community members. This practice allows a wider group of stakeholders to have a voice in how funds are allocated or which projects are prioritized.
Funding Rounds on Hylo is a feature set that enables groups to run transparent, inclusive processes where members can:
* Submit project proposals
* Collectively discuss and evaluate submissions
* Vote on resource allocation using currency or token-based systems
* Build deeper relationships through collaborative decision-making
By involving a wider community in resource allocation, groups can ensure greater transparency, fairness, and member satisfaction while attracting new participants who want to be part of meaningful decision-making processes. Participatory budgeting is gaining ground in philanthropy and civic settings because it is a both effective and efficient way for resources to make their way to the most deserving and trusted people and projects.
This feature has been made possible by the [11th Hour Project](https://11thhourproject.org/) and the Funding Lab for Open Agroecological Technologies, [FLOAT](https://float.ag/), to whom we on team Hylo are deeply grateful.
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## Key Features
### Funding Round Creation
Group stewards create and manage participatory rounds with customizable parameters including voting methods, submission requirements, and participant eligibility.
### Round Workflows
Rounds progress through structured phases (announcement, submissions, discussion, voting, results), with options for manual or scheduled transitions between phases.
### Token or Currency-Based Voting
Flexible allocation systems allow for both co-budgeting (with real currency) and priority voting using distributed tokens.
### Built-in Discussion
Integrated chat rooms and comment systems facilitate collaboration and idea refinement throughout the process.
## Funding Rounds Interface
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For a step by step guide to creating a round, click Next.
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