Proposal “DCG-COMP-OCT-DEC22“ (Active)Back

Title:Dash Core Group Compensation October - December
Owner:quantumexplorer
Monthly amount: 2296 DASH (97421 USD)
Completed payments: 1 totaling in 2296 DASH (2 month remaining)
Payment start/end: 2022-09-11 / 2022-12-09 (added on 2022-09-14)
Votes: 459 Yes / 52 No / 2 Abstain
Will be funded: Yes
Manually vote on this proposal (DashCore - Tools - Debugconsole):
gobject vote-many 3e89fe9f93cbfd7f1263229525f2583f32339194189618a3f039bf77eae9ff3e funding yes

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Proposal description

Dash Core Group September 26th Funding Proposals

DCG is submitting 3 funding proposals for the budget cycle that pays out September 26th:
1) DCG Compensation: 2,296 Dash per month (currently in month 1/3)
2) DCG Infrastructure: 459 Dash (currently in month 1/2)
3) DCG Supplemental proposal: TBD on amount.

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 October through December.

What is the proposal funding?

As of August 31st, 2022, DCG has 39 paid staff associated with the project. In addition, we have 3 volunteers (including CEO) who have decided to work for no compensation.

Our run-rate for September will be around $220,000. With this current compensation proposal, we are asking for total funding of $102,311 per month. If this proposal passes, we will be consuming roughly $118,000 from our reserve per month. Our compensation reserve as of August 31st stands at slightly less than 7 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 $44.5 for the balance of the year, we can continue to operate with no changes to our compensation structure and still sit on a 5 month reserve at the end of December 2022.

Why is quantumexplorer and not glennaustin making this proposal?

As announced yesterday, Glenn Austin has decided to resign from his role as Dash Core Group CFO. While we are looking for a replacement Samuel Westrich (quantumexplorer) will be submitting DCG proposals to the network. Other functions that Glenn used to perform are being split between management until a time that that function can be taken over by a new hire.

Why is this proposal being a little late in the cycle?

V18 just activated on the network and lowered the proposal cost to 1 Dash from 5 Dash. It seemed like a good show of confidence to take advantage of this update.

´╗┐If you have any questions, please direct them to @quantumexplorer at dashcentral to ensure we are notified of your request.
Requested funding is as follows for the March through June budget cycles:
  • 2,295.66 Dash for core team compensation per month ($102,311 USD @ $44.58 per Dash)
  • 0.33 Dash / per month proposal reimbursement 
Total: 2,296 Dash per month
Note: Should any funding remain, we will apply it toward future compensation expenses and any related taxes.

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Discussion: Should we fund this proposal?

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0 points,12 days ago
This proposal passing with only +45 votes (according Dash Core wallet) is not a good sign. Voting participation among masternode owners has dropped to a seriously low level now. This could pose a serious problem in the future if voting participation keeps declining.
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0 points,6 days ago
it is a good sign. The MNOs should not tolerate this sort of weak proposal. Feels like being in a hostage situation.
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0 points,12 days ago
See : https://imgur.com/OBUbqf5
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0 points,12 days ago
Maybe it is due to the late entry of your last three DCG budget proposals, although 14th of september is not that extremely late in my eyes.
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