Proposal “coreteamcomp1118“ (Completed)Back
| Title: | Core Team Compensation (October 31) |
| Owner: | glennaustin |
| One-time payment: | 2860 DASH (85794 USD) |
| Completed payments: | 1 totaling in 2860 DASH (0 month remaining) |
| Payment start/end: | 2018-10-17 / 2018-11-16 (added on 2018-10-03) |
| Final voting deadline: | in passed |
| Votes: | 0 Yes / 0 No / 0 Abstain |
Proposal description
Dash Core Group October 31st funding proposals
DCG is submitting 2 funding proposals for the October 31st budget cycle:
1) DCG Compensation: $512,000 (current proposal)
2) DCG Business Development (payment 2/2): here
This Proposal
This is cross-posted from here
Note on the DCG compensation proposal this month
Last month the Dash community voted on 3 separate DCG compensation proposals. All 3 proposals passed with overwhelming support from Masternode owners. Going forward, instead of continuing to breakout our compensation requests, we will only submit one, consolidated compensation proposal to the Dash Network. In the future, the most direct way for Masternode owners to influence our operations will be by electing Trust Protectors. Trust Protectors will be elected based on how well their “platform” matches the desires of the network (e.g., “DCG should do x and shouldn’t do y”) A full description of that process can be accessed at the following link: https://www.dash.org/forum/threads/dash-core-group-legal-structure-details.39848/
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 - at market rates for base pay. As of the end of September, DCG had 50 full-time staff and 12 part-time staff. The breakdown of the number of staff we have working in each unit is as follows:
Development and Operations:
Full-time: 31
Part-time: 7
Administration:
Full-time: 10
Part-time: 1
Business development / marketing / customer service:
Full-time: 9
Part-time: 4
* 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 $400,000 after taking into account voluntary pay reductions from the Board of Directors and senior management volunteers. We are asking for pre-pay reduction run-rate funding of $440,000 as well as a buffer to account for price fluctuation and to continue building our compensation account buffer. The total funds requested are $512,000.
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 October 31st budget cycle:
· 2,855 Dash for core team compensation ($512,000 USD @ $179.3 per Dash)
· 5.00 Dash proposal reimbursement
Total: 2,860 Dash
Note: Should any funding remain, we will apply it toward future compensation expenses.
DCG is submitting 2 funding proposals for the October 31st budget cycle:
1) DCG Compensation: $512,000 (current proposal)
2) DCG Business Development (payment 2/2): here
This Proposal
This is cross-posted from here
Note on the DCG compensation proposal this month
Last month the Dash community voted on 3 separate DCG compensation proposals. All 3 proposals passed with overwhelming support from Masternode owners. Going forward, instead of continuing to breakout our compensation requests, we will only submit one, consolidated compensation proposal to the Dash Network. In the future, the most direct way for Masternode owners to influence our operations will be by electing Trust Protectors. Trust Protectors will be elected based on how well their “platform” matches the desires of the network (e.g., “DCG should do x and shouldn’t do y”) A full description of that process can be accessed at the following link: https://www.dash.org/forum/threads/dash-core-group-legal-structure-details.39848/
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 - at market rates for base pay. As of the end of September, DCG had 50 full-time staff and 12 part-time staff. The breakdown of the number of staff we have working in each unit is as follows:
Development and Operations:
Full-time: 31
Part-time: 7
Administration:
Full-time: 10
Part-time: 1
Business development / marketing / customer service:
Full-time: 9
Part-time: 4
* 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 $400,000 after taking into account voluntary pay reductions from the Board of Directors and senior management volunteers. We are asking for pre-pay reduction run-rate funding of $440,000 as well as a buffer to account for price fluctuation and to continue building our compensation account buffer. The total funds requested are $512,000.
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 October 31st budget cycle:
· 2,855 Dash for core team compensation ($512,000 USD @ $179.3 per Dash)
· 5.00 Dash proposal reimbursement
Total: 2,860 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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Please keep communications flowing Dash Core.
Please keep promote 'InstantSend' for exchanges. Speed matters.
I would like to see DC have a big buffer of funds at some stage (at least a million USD worth).
solarguy