Dash Core Group September Supplemental Funding Proposal
Dash Core Group September 26th Supplemental Funding Proposal
DCG already submitted 1 funding proposals for the budget cycle that pays out ??????September 26th. This is a supplemental proposal that will fund Dash Core Group with an additional 501 Dash:
1) DCG Compensation: 2,558 Dash per month (currently in month 1/3)
2) DCG Compensation Supplemental: 501 Dash (currently in month 1/1)
What does this specific proposal fund?
Assuming DCG’s current compensation proposal passes, with the price of Dash at $26, our funding for compensation will represent a significant gap from our actual compensation expense. This proposal will look to reduce some of the gap between our compensation revenue and our compensation expense.
How bad are things?
Things have changed from worrying to bad, as we are being forced to make cuts in the organization that are far from ideal. Our compensation reserve now sits at less than 1 month (if no additional funds - and around 2 months considering current level of funding).
How did/will DCG reduce staff?
We have continuously reduced staff during this bear market. However this month, the board of DCG has decided to out of necessity to let go of some long time contributors to the project which will reduce our head count by about 1/3rd. This includes almost the entirety of the business development and marketing/communication parts of Dash Core Group. This has been a painful decision and one that will come with downsides.
What other cost cutting measures have happened?
Many contributors in DCG have temporarily reduced their pay while continuing to work very hard, I would like to thank them for their commitment to the project in these less than favorable times.
How much of an impact do the supplemental proposals have?
A big impact. The supplemental proposals leave us in a much better state to hold off being forced to cut vital employees as the bear market lasts longer.
If you have any questions, please direct them to quantumexplorer at dashcentral.
Requested funding is as follows for the September 26th superblock:
Total: 501 Dash
- 500 Dash ($13,000 USD @ $26 per Dash)
- 1 Dash Proposal fee reimbursement