Dash Core Group
- Apr 29, 2017
EDIT: Please forward all communication to the update due to the massive differences between this pre-proposal and the proposal which was submitted and passed in the January Cycle. Thanks.
A January 2018 Proposal
View the Google Doc for better formatting and extra information about implementation.
Dash Boost will fund low budget proposals outside of the traditional scope of the treasury. This will lower the necessary proposal fee from the petitioner and allow for almost anyone to get involved with the treasury system. All actions will be fully transparent and auditable.
- Have a website in which all petitions may be viewed, voted on, commented on etc.
- Provide funding to petition owners who show competence and have an idea which will increase the value of the Dash network.
- Provide fiat locking & escrow services protecting the DAO, Sub-DAO and petitioner.
- Provide multi-stage funding for petitions where the next stage is only paid out on completion of a predefined goal.
- Provide high quality feedback in the form of a public opinion paper stating why the petition was granted or denied.
A petitioner will submit a petition, or request for funding with a maximum value of ~20 dash valued in fiat, including deliverables, proof of involvement in the community and a ~$200 fee in order to minimize spam. The petition will then be live on the site after the submitted petition is verified. At that point community members may vote on the petition with the number of votes being derived from their holdings of dash.
Reviewers will not be implemented initially. Whether or not reviewers will every be implemented will be up to the community and if normal voting works with larger amounts of petitions. In the case that the reviewer system is implemented, both the voters and the reviewers must agree a petition should pass.
A set of three reviewers will work "together" and act similar to judges. They will read the information the petitioner has presented, join calls with the petitioner and review the proofs submitted by the petitioner. At that point the reviewers will evaluate all information including community feedback, votes, potential gain, risk etc and come to a decision. The reviewers will then release their decision in an opinion paper detailing the reasons why the proposal was or was not given a positive mark. In the case the proposal was not accepted, the reviewers have the option to return all or part of the submission fee. Click here to see an outline of how the reviewer system will probably work.
All petitions will be denominated in US Dollars. The requested USD amount will be paid out in Dash using the 7 or 30 Day Simple Moving Average on the Saturday ending the first full week after the superblock.
Submitters will have the default option of multi-staging the petition. Multi-staging a petition will mean that the petitioner agrees that the dash will be released over time as the petitioner accomplishes predefined objectives. Multi-staged proposals will have a much higher chance of being accepted due to the lower chance of fraud. No petitions will be paid in full until predefined deliverables are met.
Long Term Expansion
DashBoost will be committed to expanding our infrastructure and protocols to better supply relevant feedback to petition owners and minimize the number fraudulent petitions that get through. DashBoost is also committed to allowing other teams and groups the ability to use the DashBoost branding, hosting, templates, formatting, protocols, reporting etc to create their own specialized systems to allow funding in different niche markets. These groups can either be funded through DashBoost or may find funding through their own means.
We will select around 5 to 10 people from the community as reviewers if it is decided to implement them. These people will be selected based on their knowledge of Dash, project management, ability to work in a team etc. Reviewers will be paid for their efforts at market rate.
Any person can register on DashBoost and verify ownership of a certain address. The balance of that address will correlate to a certain number of votes that the owner will receive and be able to use. The algorithm that decides how many votes a user will receive based on address will be linear (IE. 1 Dash = 1 Vote). Community Voting will primarily be used as a poll. However, if the poll is negative, it will NEVER be directly funded. In the early days of DashBoost the voting system be a simple majority vote.
[Late Stage, if needed]
Each petition will be reviewed by 3 reviewers, with an estimated average of 2 hours per review. At an hourly rate of $40, each petition will cost $240 to review.
Reviewers also check on proposals every stage. This will take an average of 1 hour, totaling $100 per month. If a proposal is multi-stage and has 4 stages we will request $400 for stage review. If it has 2 stages, $200 etc
We have currently started working with a Web Developer who is going to be paid directly in Dash. Over these next few days he and myself will be working together to create a comprehensive plan of attack and specification for the creation of this website. We will post the specification here once it has been completed.
Website design and programming
$50.000  per month [/edit]
Any extra left over funds will be carried over to the next month. This project will possibly get funds from GreenCandle's left over money.
Everything outlined above is based upon community involvement being similar to what I expect it to be. Based on feedback and other factors such as community voting/ commenting involvement the final product may change.
The MVP(Minimum Viable Product) will be guaranteed finalized at the end of February, probably earlier. The MVP will contain, the ability to submit a petition with a fee, the ability to verify ownership of an address, the ability to comment on a petition, the ability to vote on a petition and other small features such as filtering and editing. As long as community involvement remains high, a petition will pass or fail based upon the voting exclusively. In the case that community involvement drops too low to keep fair voting, the reviewer system will be activated. In such a case, the system surrounding reviewers and how to keep them fair outlined in other sections and comments will be used. If the reviewer system is activated, the network will still have the opportunity to vote no and block the petition regardless of what the reviewers say. In the case that the MVP works and solves the problem, we will keep it nice and simple and using the voting mechanism.
Have a functioning platform, which although not pretty does the basics of what the platform requires. This includes someone being able to submit a petition, and reviewers judging on them. Community members can view and comment on petitions. Meet the MVP spec.
Have a fully developed back-end with a solid user interface. Quality of life features such as editing and voting on comments etc. At this point in time, a report will be distributed outlining how the voting mechanics have been working and how we feel about what would be best to ensure good petitions receive funding while those who's purpose is to scam the network do not receive funding. This may contain suggesting keeping the current pure voting system, a voting system with reviewers acting similar to PEC and reviewing a petition by having no actual sway and a system where both the reviewers and the voters must agree that a petition should be passed.
End of Q1
Have a fully functional fully accountable platform which is capable of diverting hundreds of small proposals away from the MNOs every month. Have a fully functional website with little to no bugs and a review process that ensures all petitions are treated fairly and minimizes risk.
Thank you greatly for reading this pre-proposal. Both myself and @Nutomic on discord have been involved in the creation of proposal, he has served as a great back-board to knock ideas off of and help smooth out this proposal. He is working closely on this project with myself. He or myself will attempt to respond to any comments or questions posted. If there is anyone who would like to talk about this 1 on 1 with myself or would like to work with this proposal, either in the form of being a reviewer or designing and creating the website that will be used, please contact me on discord ( @Pasta ).
I would like to thank everyone again and encourage you to respond with any comments, feedback or questions you may have.