Note: The tokens for this proposal have been air-droped and the voting will be tallied at 8PM UTC on 3/9/2021.
This is a proposal to fund the development work of Chris Troutner. Chris is the founder of the Permissionless Software Foundation and currently maintains the title of 'Head Janitor'.
This proposal would fund the next three months of his work, which focuses on maintaining FullStack.cash infrastructure and PSF operations.
The funds from this budget will pay a monthly salary of PSF tokens, to reward Chris for the work he does for the organization. This salary is split into two parts:
- $100 USD of tokens per week will be dispsered to him each Friday.
- 1200 tokens per week will be vested for one year.
The intent is to allow him to meet his immediate financial needs, but to also incentivize him for sustained work over time. Vested funds will be held in a multisignature wallet and will be dispersed to him after one year, at the rate of 1200 tokens per week.
The proportion of immediate vs vested rewards reflect the nature of Chris' work and the emphasis on the long-term success of the PSF that he's focused on. While this budget assumes a minimum of 10 hours per week of work, Chris typically spends far more than that, and the quantity of vested tokens reflect that.
The table below summarizes a monthly forecast of costs for the next quarter. A token price of $0.30 is used, even though the current price of the PSF token is around $0.40. This helps ensure that this propsoal will not be under-budgeted. Any PSF tokens left over at the end of the quarter (over-budgeted) will be burned and taken out of circulation.
The primary deliverables for this budget will be:
- Continued maintenance and growth of FullStack.cash infrastructure and clientel.
- Continued maintenance and growth of the PSF community and software initiatives.
- Provide guidence for other PSF developers.
- Continue the role of Head Janitor, who's primary role is to actively engage the PSF VIP members.
Chris is expected to dedicate a minimum of 10 hours per week towards work for the PSF.
- A YES vote for this proposal will allow funding for existing staff of the PSF.
- A NO vote would not fund this proposal. A new proposal would have to be submitted to fund PSF staff.
If members do not cast their voting tokens, they are effectively choosing to 'abstain' and not participate in voting 'yes' or 'no'. But we've provided an abstain address where you can send your voting tokens, to get rid of them.
Please join our VIP Telegram channel to discuss this and future proposals. If you need help, type the
/help command in that channel.
A Yes Vote
To cast a 'Yes' vote, send your voting tokens to this SLP address:
A No Vote
Casting a 'No' vote means that you would prefer not to see your token value diluted by funding this proposal.
To cast a 'No' vote, send your voting tokens to this SLP address:
If you would like to abstain from voting, you can send your tokens to this address, or you can simply refrain from sending your tokens anywhere. Either way, the tokens will not be considered in the 'Yes' or 'No' tally.
To abstain from voting, send your voting token to this SLP address:
10,000 voting tokens will be air-dropped to 50 addresses holding PSF tokens. The quantity of tokens received by each address will be proportional to the merit of that address. Merit is calculated as follows:
- merit = token quantity x token age (in days)
The token for this proposal will have the following ID:
The token for this proposal will have the following name and ticker:
- Name: PSF VOTE #0002
- Ticker: PSFVOTE0002
The following dates and times should be noted:
- 10,000 voting tokens will be air dropped at 8PM UTC on 3/2/2021.
- The token balances for the voting addresses above will tallied at 8PM UTC on 3/9/2021.
The table below shows data on the top 50 addresses that hold the most PSF merit, and the expected distribution of voting tokens. This information will be added to each proposal so that the community can watch how these distributions change over time.
|Merit||PSF Tokens||Voting Tokens||SLP Address|