Proposal “DCG-SUPPLEMENTAL-NOV23“ (Completed)Back
| Title: | Dash Core Group November Supplemental Funding Proposal |
| Owner: | quantumexplorer |
| One-time payment: | 668 DASH (20066 USD) |
| Completed payments: | 1 totaling in 668 DASH (0 month remaining) |
| Payment start/end: | 2023-11-10 / 2023-12-10 (added on 2023-11-16) |
| Votes: | 467 Yes / 32 No / 0 Abstain |
Proposal description
Dash Core Group November 26th Supplemental Funding Proposal
DCG already submitted 1 funding proposals for the budget cycle that pays out November 26th. This is a supplemental proposal that will fund Dash Core Group with an additional 668 Dash:
1) DCG Compensation: 2,558 Dash per month (currently in month 2/3)
2) DCG Compensation Supplemental: 668 Dash (currently in month 1/1)
What does this specific proposal fund?
Assuming DCG’s current compensation proposal passes, with the price of Dash at $31.5, our funding for compensation will represent a significant gap from our actual compensation expense. This proposal will look to reduce some of the gap between our compensation revenue and our compensation expense.
How bad are things?
Development is continuing, and day to day operations are moving along. However financially speaking things have started to become pretty dire as we have made cuts in the organization that are far from ideal and are pretty much operating with only very small reserves. Version 20 of Dash Core was just released, after it's activation, the treasury will double allowing us to request more funds and be able to continue to pay our developers and staff.
How did/will DCG reduce staff?
We have continuously reduced staff during this bear market. However two months ago, the board of DCG decided out of necessity to let go of some long time contributors to the project which reduces our head count by about 1/3rd. This included almost the entirety of the business development and marketing/communication parts of Dash Core Group. This was a painful decision and one that will come with downsides.
What other cost cutting measures have happened?
Many contributors in DCG have temporarily reduced their pay while continuing to work very hard, I would like to thank them for their commitment to the project in these less than favorable times.
How much of an impact do the supplemental proposals have?
A big impact. The supplemental proposals leave us in a much better state to hold off being forced to cut vital employees as the bear market lasts longer.
If you have any questions, please direct them to quantumexplorer at dashcentral.
Requested funding is as follows for the November 26th superblock:
DCG already submitted 1 funding proposals for the budget cycle that pays out November 26th. This is a supplemental proposal that will fund Dash Core Group with an additional 668 Dash:
1) DCG Compensation: 2,558 Dash per month (currently in month 2/3)
2) DCG Compensation Supplemental: 668 Dash (currently in month 1/1)
What does this specific proposal fund?
Assuming DCG’s current compensation proposal passes, with the price of Dash at $31.5, our funding for compensation will represent a significant gap from our actual compensation expense. This proposal will look to reduce some of the gap between our compensation revenue and our compensation expense.
How bad are things?
Development is continuing, and day to day operations are moving along. However financially speaking things have started to become pretty dire as we have made cuts in the organization that are far from ideal and are pretty much operating with only very small reserves. Version 20 of Dash Core was just released, after it's activation, the treasury will double allowing us to request more funds and be able to continue to pay our developers and staff.
How did/will DCG reduce staff?
We have continuously reduced staff during this bear market. However two months ago, the board of DCG decided out of necessity to let go of some long time contributors to the project which reduces our head count by about 1/3rd. This included almost the entirety of the business development and marketing/communication parts of Dash Core Group. This was a painful decision and one that will come with downsides.
What other cost cutting measures have happened?
Many contributors in DCG have temporarily reduced their pay while continuing to work very hard, I would like to thank them for their commitment to the project in these less than favorable times.
How much of an impact do the supplemental proposals have?
A big impact. The supplemental proposals leave us in a much better state to hold off being forced to cut vital employees as the bear market lasts longer.
If you have any questions, please direct them to quantumexplorer at dashcentral.
Requested funding is as follows for the November 26th superblock:
- 667 Dash ($21,010 USD @ $31.5 per Dash)
- 1 Dash Proposal fee reimbursement
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