Proposal “coreteamcomp0119“ (Completed)Back

Title:Core Team Compensation (January)
One-time payment: 3100 DASH (548771 USD)
Completed payments: 1 totaling in 3100 DASH (0 month remaining)
Payment start/end: 2018-12-17 / 2019-01-15 (added on 2018-12-10)
Final voting deadline: in passed
Votes: 0 Yes / 0 No / 0 Abstain

Proposal description

Dash Core Group January 1st Funding Proposals
DCG is submitting 2 funding proposals for the January 1st budget cycle:
1) DCG Compensation: $232,875
2) DCG Infrastructure: $45,375

This Proposal

This is cross-posted from here

Comment regarding current market environment and impact on DCG

With the latest price movements in the cryptocurrency market there is significant pressure on the DCG budget.  Over the past 4 months we have been rapidly reducing both our compensation and non-compensation run-rates to ensure DCG can continue to operate with minimum disruption.  The compensation run-rate specifically has been reduced from a high watermark of $485,000 to $380,000 through the end of October.  Over the past month, we have taken additional steps to reduce that run-rate from $380,000 to an estimated $295,000 entering the month of January.  This reduction is largely driven by additional DCG volunteers foregoing or reducing their salary.  Many people on the core team care deeply about this project and their colleagues and a number of contributors preferred their own salaries cut instead of seeing team members forced to leave the project.  We would like to thank the many individuals that shifted to volunteer status or reduced their own salary to make this possible.  As a result, the price movement has had minimal impact on our plans at a price far lower than we thought possible.  Additionally, we are not replacing contractors who leave the project and there were a few contracts that were not renewed.  If the price continues to languish at current levels, we will need to reduce our run-rate further.  As of now we are slowly absorbing the excess of the run-rate over expected revenue by cutting into our buffer.  We have a buffer in place for exactly these types of situations.  Our focus remains on retaining our high performers and critical resources.       

For a more in-depth read on the sustainability of DCG, please read Ryan’s blog post from December 7th:

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.
As of the end of November, DCG had 45 full-time staff and 7 part-time staff.  The breakdown of the number of staff we have working in each unit is as follows:

Development and Operations:

Full-time: 28
Part-time: 6


Full-time: 9
Part-time:  1

Business development / marketing / customer service:

Full-time: 8

*  Full-time defined as contracts permitting staff to bill up to 40 hours a week
** Part-time defined as contracts permitting staff to bill less than 40 hours a week

Please note that our current run-rate is $295,000 after taking into account voluntary pay reductions, recent resignations and the non-renewal of certain contracts.  We are asking for pre-pay-reduction run-rate funding of $232,875 as we will be drawing down on our buffer in order to pay for the the current shortfall in funding.  If the price were to remain in the $70 range, we will reduce our run-rate further in January.  This gradual approach ensures that we don’t over-react to market movements.

If you have any questions, please direct them to @glennaustin in this Dash Forum post to ensure we are notified of your request.

Requested funding is as follows for the January 1st budget cycle:

· 3,095 Dash for core team compensation ($232,875 USD @ $75.00 per Dash)
·        5 Dash proposal reimbursement
Total: 3,100 Dash

Note: Should any funding remain, we will apply it toward future compensation expenses.

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Discussion: Should we fund this proposal?

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0 points,5 months ago
I am very happy with the responsible actions, however I would still like to see a reduction in paid HR, administration and "analysts" for what is a fairly small team along with a focus on core competence - development.
0 points,5 months ago
thumbs up!
0 points,6 months ago
0 points,6 months ago
Yes from me.
3 points,6 months ago
Very glad to see that Michael Seitz is now in charge of Dash Core's social media accounts. Posts from those accounts are now more professional and shareable, shining a better light on the Dash brand. I appreciate this move.
0 points,6 months ago
I just hope the hard working devs are not the ones taking a voluntary pay cut while the ancilliary office workers are not.
0 points,6 months ago
-1 point,6 months ago
Hello, so just curious about the work of the core team, So did we have an office or all people are working remotely ? and how in the recruitment procedure in the core team, can someone give me some word shortly about how the core team work ?

Anyway i want to work in the core in future why not then.