Thanks for this nugget. Will consider and then change! Curious question: why would you not want to call an open source library as product?
"Project" is also a fairly common term to refer to open source tools and the community around them. See the nav bars for linuxfoundation.org or numfocus.org, for instance.
We will be making more products in future, some OS, some paid. So yes, monetization is on the cards :) - but our first goal is to create real good value!