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Community Fund Proposals (Redeem Fund Allocations)

on Tue Nov 07, 2017 4:40 pm
This is a collection of proposals for community funds to be created utilizing the redeem funds.

Rationale:
Reallocate the redeem funds in order to support the long term goals of the Blocknet.

Proposal 1: Bug Bounty Fund
Purpose:
  • Incentivize white hat hacking and general improvements
  • Security audits
Cost Assessment:
A fixed amount of 50,000 BLOCK


Proposal 2: Ecosystem Growth Fund
Purpose:
  • Trading tutorials
  • Developer tutorials
  • Trading tools
  • Investor tools
  • Developer tools
  • Developer incentives
  • Documentation
Cost Assessment:
A fixed amount of 20,000 BLOCK


Proposal 3: Rainy Day Fund
Purpose:
  • Used as a reserve emergency fund for any unforseen issues and expenses.
Cost Assessment:
A fixed amount of 20,000 BLOCK


Proposal 4: PR Fund
Purpose:
  • Translations
  • Pay fees for articles, interviews, podcasts, Youtuber videos
  • Sponsor content (CryptoCompare newsletters, etc)
  • Advertisements
  • Graphics, designs, animations
Cost Assessment:
A fixed amount of 10,000 BLOCK


Proposal 5: Development Fund
Purpose:
  • Interim payments to compensate contributors that begin tasks before a proposal period.
  • New website
  • Any additional development related costs
Cost Assessment:
A fixed amount of 10,000 BLOCK


Proposal 6: Ledger (Secure HW Wallet) Fund
Purpose:
  • Used for development of Ledger hardware support and future maintenance, updates and support.
Cost Assessment:
A fixed amount of 10,000 BLOCK


Proposal 7: Legal Fund
Purpose: To seek legal council on various questions surrounding the liability of the project members regulatory compliance, such as:
  • Risk of contributing members if aspects of the project are deemed illegal
  • Risk of conceiving members if aspects of the project are deemed illegal
  • Risk of partners if aspects of the project are deemed legal
  • Compliance risk from GDPR and other regulations
Cost Assessment:
A fixed amount of 10,000 BLOCK



Total Cost Assessment:
  • Bug Bount Fund - 50,000 BLOCK
  • Ecosystem Growth Fund - 20,000 BLOCK
  • Rainy Day Fund - 20,000 BLOCK
  • PR Fund - 10,000 BLOCK
  • Development Fund - 10,000 BLOCK
  • Ledger Fund - 10,000 BLOCK
  • Legal Fund - 10,000 BLOCK
  • Burn Fund - Remaining unallocated BLOCK from the Redeem Fund

Superblock Total: 0 BLOCK
Redeem Fund Total: 130,000 BLOCK + Burn Fund paid from the Redeem Fund





How To Vote
  • Open wallet and go to Tools > Debug Console. The debug console will open in a new window.
  • To vote for the Bug Bounty Fund, type the following command:
    Code:
    mnbudget vote 3169bb686d2386d0208947265396bb381ecae9ebb6588e78741314545292872f yes
  • To vote for the Ecosystem Growth Fund, type the following command:
    Code:
    mnbudget vote 8a87b3c29f5555374d69168ac34e9fdb675064c995f8e8f674a9b776ccbd3d68 yes
  • To vote for the Rainy Day Fund, type the following command:
    Code:
    mnbudget vote 7d1c787f137258ce872e8fb78d70238a7614d4d7dcacc66051e9f0b1ca124992 yes
  • To vote for the PR Fund, type the following command:
    Code:
    mnbudget vote 56b180fe98871c6203b064af59d2bf8bb19ce5dc59a3a6f81c25a5c7eeb675cf yes
  • To vote for the Development Fund, type the following command:
    Code:
    mnbudget vote 75592dcc494d8a21ed89c4198d3231d200769a716c7ffbd13367ed665a786435 yes
  • To vote for the Ledger Fund, type the following command:
    Code:
    mnbudget vote f2181481b2f1ed368cf1cf369238386ef852744d1a3769701cbd633753a2628a yes
  • To vote for the Legal Fund, type the following command:
    Code:
    mnbudget vote e48db0020641593dd0f529aef4ce4302d56daf6aa2926dbb16af900092a5db79 yes



If voting from the terminal, type in the following:
  • To vote for the Bug Bounty Fund, type the following command:
    Code:
    blocknetdx-cli mnbudget vote 3169bb686d2386d0208947265396bb381ecae9ebb6588e78741314545292872f yes
  • To vote for the Ecosystem Growth Fund, type the following command:
    Code:
    blocknetdx-cli mnbudget vote 8a87b3c29f5555374d69168ac34e9fdb675064c995f8e8f674a9b776ccbd3d68 yes
  • To vote for the Rainy Day Fund, type the following command:
    Code:
    blocknetdx-cli mnbudget vote 7d1c787f137258ce872e8fb78d70238a7614d4d7dcacc66051e9f0b1ca124992 yes
  • To vote for the PR Fund, type the following command:
    Code:
    blocknetdx-cli mnbudget vote 56b180fe98871c6203b064af59d2bf8bb19ce5dc59a3a6f81c25a5c7eeb675cf yes
  • To vote for the Development Fund, type the following command:
    Code:
    blocknetdx-cli mnbudget vote 75592dcc494d8a21ed89c4198d3231d200769a716c7ffbd13367ed665a786435 yes
  • To vote for the Ledger Fund, type the following command:
    Code:
    blocknetdx-cli mnbudget vote f2181481b2f1ed368cf1cf369238386ef852744d1a3769701cbd633753a2628a yes
  • To vote for the Legal Fund, type the following command:
    Code:
    blocknetdx-cli mnbudget vote e48db0020641593dd0f529aef4ce4302d56daf6aa2926dbb16af900092a5db79 yes


For more detailed instructions see: http://blocknetdx.forumotion.com/t6-blocknet-proposal-introduction-guide
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