Proposal “dash-core-group-compensation-sept-nov“ (Closed)Back

Title:Dash Core Group Compensation (September - November)
Monthly amount: 2871 DASH (142980 USD)
Completed payments: no payments occurred yet (3 month remaining)
Payment start/end: 2019-08-16 / 2019-11-13 (added on 2019-08-11)
Votes: 957 Yes / 28 No / 25 Abstain
External information:

Proposal description

Dash Core Group September 1st Funding Proposals
DCG is submitting 2 funding proposals for the September 1st budget cycle:
1) DCG Compensation: $295,000 (multi-month proposal)
2) DCG Legal: $58,000

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 September, October and November.  As previously discussed, Dash Core Group believes it is in the best interest of the network to submit a multi-month proposal for several reasons:
  1. We will need 50% of the budget to continue to rebuild our reserves in the compensation budget.  
  2. Provides greater visibility to the network of DCG’s future funding requests, which can aid planning
  3. Saves additional 10 Dash in proposal fees by posting 2 fewer proposals
  4. Reduces proposal management efforts for 2 months for the DCG finance team

In September, DCG is projected to have 41 staff associated with the project.  This is 2 fewer than in June.  We plan on backfilling the 2 newly open positions.

The breakdown of the number of staff we have working in each unit will be as follows:

Development and Operations:
Full-time: 24
Part-time: 6

Admin / business development / marketing / customer service:
Full-time: 10
Part-time: 1

*  Full-time defined as contracts permitting staff to bill 35 or more hours a week
** Part-time defined as contracts permitting staff to bill less than 35 hours a week

Our run-rate in September will be at $255,000 after taking into account voluntary pay reductions. Despite a number of volunteers opting to be reinstated in the past few months, we still have 4 staff who are voluntarily working at significantly reduced rates.  

With the current proposal, we are asking for funding of $295,000 per month. We are requesting funding above our run-rate because we would like to continue to build our reserve in our compensation account.  The reserve is needed to absorb volatility in the price of Dash. Because of the reserve, we were able to retain most of our staff through the September to March period when funding fell dramatically short of our compensation costs. 

Our goals in the near future remain identical to the objectives outlined in our last compensation proposal:
  1. Replenish core team salaries reserve to at least 3 months of compensation expenses (in the medium to long-term 6 months is the target).  Currently our reserve sits at approximately 2.4 months. This is in line with the absolute minimum most organizations carry on their balance sheet to cover staff costs and ensure orderly wind-down of expenses should our revenue decline precipitously
  2. Reinstate the salaries of the 3 volunteers who are working for significantly reduced salaries (since they are volunteers, they can unvolunteer at any time)
  3. Fill any critical hiring needs as we prepare to launch Evolution to testnet at the end of the year

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

Requested funding is as follows for the September, October, November budget cycles:
· 2,866 Dash for core team compensation ($295,000 USD @ $103.00 per Dash)
·        5 Dash proposal reimbursement
Total: 2,871 Dash

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

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Discussion: Should we fund this proposal?

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-1 point,2 months ago
Why I voted no
DashForceNews does not cover the development of Evolution, at least on a monthly basis
The DCG product updates no longer include updates on Evolution
Heidi does not cover Evolution
I do not have any source of information for Evolution
1 point,2 months ago
Let's see DCG focus more on getting adoption of our product in the strategic countries where consumers are looking to actually start using a new currency product
1 point,3 months ago
Compensation for what. The bottom line is the delivery of a competitive edge, I am not interested in "hype" , "pre-releases" , or foundation release. I am as dumb as Mr Market, without a competitive edge being delivered I see little value in pumping money into dash core.

Might as well distribute all the dash budget to the dash MNs. Amen.

I have been waiting for what three years now to see some kind of "moat" some kind of "market differentiator" and all I get is Mr Ryan speaking eloquently about Dash.

That is one hell of a fee for those quarterly calls!

Where is the actual, tangible, real, usable, value that Dash core is delivering?

I do acknowledge some wins - chain locks etc, however since DCH decided to keep Dash a crypto currency rather than a platform, Dash has been sinking in the coinmarketcap rankings like a stone.

The non delivery of Evolution, the limited competitive advantages of Dash are the responsibility of DCG!
1 point,4 months ago
could you please answer the questions that were posed during the last quarterly meeting?

-1 point,4 months ago
Hi Nudfelsyoshhy.

We typically answer all the questions from the quarterly meeting approximately 2 weeks after the call.
3 points,3 months ago
Hi @glennaustin, so the 2 weeks have passed. Could you please provide me with a link to the answer, so I can cast my vote?
0 points,3 months ago
0 points,4 months ago
Ok @glennaustin , thanks. That should be enough time for me to vote for the funding then.
0 points,4 months ago
could you please answer the questions that were posed during the last quarterly meeting?