Proposal “dash-core-group-compensation-march---apr“ (Active)Back

Title:Dash Core Group Compensation (March - April)
Owner:glennaustin
Monthly amount: 2871 DASH (274558 USD)
Completed payments: no payments occurred yet (2 month remaining)
Payment start/end: 2020-02-14 / 2020-04-13 (added on 2020-02-07)
Votes: 858 Yes / 23 No / 2 Abstain
Will be funded: Yes
External information: app.dashnexus.org/proposals/dash-core-group-compensation-march---april/overview
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gobject vote-many 9603187ebad28bbf8c1808439f32e9b6ef8a27ab8720a9fdfbf7c46a651fcf0d funding yes

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Proposal description

Dash Core Group March 1st Funding Proposals
DCG is submitting 2 funding proposals for the March 1st budget cycle:
1) DCG Compensation: $341,000 per month (March-April proposal)
2) DCG Infrastructure: (month 2 of 2)

This proposal
This is cross-posted here

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 March and April.  

As of February 2020, DCG has 31 paid staff associated with the project.  In addition, we have 3 volunteers who have decided to work for no compensation.  Out of the 31 paid staff, 7 have volunteered to significantly reduce their salaries while we face budget issues.  In total 10 volunteers are working for reduced or no compensation.

Our run-rate in February will be $200,000 after taking into account voluntary pay reductions. 
With the current proposal, we are asking for funding of $341,000 per month. At the current Dash price of $119 we will be putting away a portion of our funding towards our reserves.  Our reserve is at slightly above 1 month salary expense run-rate and urgently needs to be replenished.  We target, at a minimum, a three month reserve in our compensation account.

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

Requested funding is as follows for the March and April budget cycles:
· 2,868.5 Dash for core team compensation per month ($341,000 USD @ $119 per Dash)
·        5 Dash proposal reimbursement (2.5 Dash per month)
Total: 2,871 Dash per month

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



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