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Devcoin's purpose is to give money to open-source developers in a way that is as fair as possible. Many open-source developers contribute in their free time and do not get much money for their efforts. Devcoin aims to provide an income to all those who wants to work and contribute to open-source projects. Devcoin help assist developers and give more open-source software, books, music, art and movies.
Each block, 50,000 coins are created of which, 90% goes to funding developers and the remaining 5,000 coins are given to miners. The Devcoin source code can be found at https://gitorious.org/devcoin/devcoin/