Proposal description
Dash Core Group June 26th Funding Proposals
DCG is submitting 2 funding proposals for the budget cycle that pays out June 26th:
1) DCG Compensation: 2,296 Dash per month (currently in month 1/3)
2) DCG Security Audit: 459 Dash (currently in month 1/1)
What does this specific proposal fund?
This proposal funds Dash Core Group's ongoing compensation costs - including all developers, administrative, business development/marketing, and support staff. This is a multi-month proposal that will cover compensation for July through September.
What is the proposal funding?
As of May 31st, 2022, DCG has 43 paid staff associated with the project. In addition, we have 2 volunteers who have decided to work for no compensation.
Our run-rate in July will be $270,000. With the current proposals, we are asking for total funding of $135,500 per month. If this proposal passes, we will be consuming roughly $134,500 from our reserve per month. Our compensation reserve as of May 31st stands at 7.5 months of compensation reserve. We built up reserves for the exact situation we find ourselves in today, where our compensation run-rate is higher than our compensation related revenue, due to a decline in the price of Dash. Assuming a price of $59 for the balance of the year, we can continue to operate with no changes to our compensation structure and still sit on a 6 month reserve at the end of September 2022.
Over the past several months we have significantly reduced our compensation run-rate by not replacing staff that have left the project. In addition, we have closed all of our open positions with the exception of an on-going, high priority, search for a technical writer. The role of the technical writer will be to help improve documentation, especially as it relates to Dash Platform.
To date, Dash Core Group has evolved into a technical focused team, with 90% of our compensation going into the technical side of the organization and only 5 people out of 45 in the non technical area (CFO, HR, Head of BD, BD manager, and communications manager), and our growth strategy has thus shifted as well.
We have provided an updated organizational chart at the end of this post.
If you have any questions, please direct them to @glennaustin at dashcentral to ensure we are notified of your request.
Requested funding is as follows for the July through September budget cycles:
Note: Should any funding remain, we will apply it toward future compensation expenses and any related taxes.
Appendix 1: Organizational Chart
DCG is submitting 2 funding proposals for the budget cycle that pays out June 26th:
1) DCG Compensation: 2,296 Dash per month (currently in month 1/3)
2) DCG Security Audit: 459 Dash (currently in month 1/1)
What does this specific proposal fund?
This proposal funds Dash Core Group's ongoing compensation costs - including all developers, administrative, business development/marketing, and support staff. This is a multi-month proposal that will cover compensation for July through September.
What is the proposal funding?
As of May 31st, 2022, DCG has 43 paid staff associated with the project. In addition, we have 2 volunteers who have decided to work for no compensation.
Our run-rate in July will be $270,000. With the current proposals, we are asking for total funding of $135,500 per month. If this proposal passes, we will be consuming roughly $134,500 from our reserve per month. Our compensation reserve as of May 31st stands at 7.5 months of compensation reserve. We built up reserves for the exact situation we find ourselves in today, where our compensation run-rate is higher than our compensation related revenue, due to a decline in the price of Dash. Assuming a price of $59 for the balance of the year, we can continue to operate with no changes to our compensation structure and still sit on a 6 month reserve at the end of September 2022.
Over the past several months we have significantly reduced our compensation run-rate by not replacing staff that have left the project. In addition, we have closed all of our open positions with the exception of an on-going, high priority, search for a technical writer. The role of the technical writer will be to help improve documentation, especially as it relates to Dash Platform.
To date, Dash Core Group has evolved into a technical focused team, with 90% of our compensation going into the technical side of the organization and only 5 people out of 45 in the non technical area (CFO, HR, Head of BD, BD manager, and communications manager), and our growth strategy has thus shifted as well.
We have provided an updated organizational chart at the end of this post.
If you have any questions, please direct them to @glennaustin at dashcentral to ensure we are notified of your request.
Requested funding is as follows for the July through September budget cycles:
- 2,294.34 Dash for core team compensation per month ($135,500 USD @ $59 per Dash)
- 1.66 Dash / per month proposal reimbursement
Note: Should any funding remain, we will apply it toward future compensation expenses and any related taxes.
Appendix 1: Organizational Chart
Show full description ...
Discussion: Should we fund this proposal?
Submit comment
Can somebody please RING THE ALARM BELLS on all our Socials (Discord, Telegram, Twitter, Reddit, Signal etc.) to urge the masternodes to vote and soon?
In a couple of days it may be too late ! Is DCG sleeping? Time to take action is now !!!!
If everyone here could also share on different socials, that will be good
https://twitter.com/Dashpay/status/1538162563061530625
Solarguy
A few days ago I did email Glenn asking him if he wouldn't mind posting DCG's quarterly financial report to the forum since we are no longer having quarterly calls, predictably, I've gotten no reply. For this and other reasons, I will continue to vote NO on the compensation proposals. Cheers.
https://www.dash.org/forum/threads/dcg-q1-2022-results.53214/
Who do You think You are ??
If you get a question from an MNO, fucking ANSWER or GET REPLACED by someone who is not too retarded to respond.
More and more i have the impression, what Dash really needs is a TOTAL CLEANSING of its upper echelons!
@Gonzo : Who do you think you are behaving is such an extremely rude and offensive way ??
quantumexplorer (CTO of Dash Core Group) already explained why glenn has not been responding and he promised to post the DCG quarterly financial report to the forum next week so get from your high horse and stop absing the comment upvote/downvote exploit like this, it is appalling behavior.