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Core Team Compensation (March)

Discussion in 'Pre + Budget Proposal Discussions' started by glennaustin, Feb 8, 2019.

  1. glennaustin

    glennaustin Member
    Dash Core Team

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    Dash Core Group March 1st Funding Proposals
    DCG is submitting 2 funding proposals for the March 1st budget cycle:
    1) DCG Compensation: $209,000
    2) DCG Business Development: $41,000

    This proposal
    This is cross-posted at https://www.dashcentral.org/p/coreteamcomp0319

    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.

    In March, DCG will have 43 staff associated with the project. The breakdown of the number of staff we have working in each unit will be as follows:

    Development and Operations:
    Full-time: 26
    Part-time: 6

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

    * 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

    Our run-rate in March will be $250,000 after taking into account voluntary pay reductions, recent resignations and the non-renewal or cancellation of certain contracts.

    With the current proposal, we are asking for funding of $209,000. We will be drawing down on our buffer in order to pay for the expected shortfall in funding. If the price were to remain in the $60 range, we will need to reduce our run-rate further in future months. This gradual approach ensures that we don’t over-react to market movements.

    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 March 1st budget cycle:
    · 3,095 Dash for core team compensation ($209,000 USD @ $67.5 per Dash)
    · 5 Dash proposal reimbursement
    Total: 3,100 Dash

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

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