TLDR: This proposal provides retroactive compensation for VitaDAO contributors to VITA-FAST. This is both to reward effort that went into making VITA-FAST possible and also to allow the VitaDAO contributors to continue to contribute to the project by voting with their tokens.
Background: Like with the launching of VitaDAO and the $VITA token, the Korolchuk project and $VITA-FAST was a collective effort by many people over many months and in some cases years. Below is a list of VITA-FAST contributors. The main activities in getting VITA-FAST to launch were sourcing, shepherding, reviewing, awareness, and administrative. Many people did multiple of these activities but their main activity is highlighted.
Big picture: Funding projects is key to VitaDAO’s mission, but advancing the funded projects is key to growing the value of VitaDAO. Therefore, for each project having the proper incentives to grow the project is critical. This proposal provides a first example for a project that went from IP-NFT to IPT. Other projects may have different allocations but in general the idea is that the incentives should be modest yet still enough to get people motivated to create the best outcomes for VitaDAO.
A subsequent proposal will outline incentives for future VitaDAO contributors to contribute to VITA-FAST.
Proposal: This proposal seeks the approval of the VitaDAO to allocate 2.5% of the total supply of $VITA-FAST tokens to the list of contributors indicated below. These tokens are considered fully vested. However, they will be locked such that one can only sell 10% per month from the date of the proposal passing.
Conflict of interest: On the on-chain vote (Snapshot), these contributors can not vote in favor of their own compensation on this proposal. However, they can vote “abstain” such that the vote reaches quorum. On this off-chain vote (here on Discourse), the listed contributors can vote “agree” as the point of the poll below is only for whether or not the proposal advances to the on-chain vote.
- Revisions Requested (Detail in Comments)