We are in need to decide the Development/Community funding percentage ASAP.
About a year ago, I started this thread to gauge sentiment for Zcoin development funding after block halving. As we approach the halving date, it is imperative to get a final decision in.
I am starting this new thread to do one final round of sentiment gathering.
The general sentiment from the previous thread seems to be okay for a renewed development fund of between 10-20% of the block reward to go to the core team.
To maintain the same level of funding as today, we would need 12% of the block reward (approximately 13k XZC a month).
Taking into consideration everyone’s feedback, I am proposing the following:
15% Dev Fund (2 year duration)
Prior to the end of two years, another discussion is had so that the core team can be replaced if we aren’t doing a good job.
What does everyone think of this?
Why I’m proposing 15% is that given these tough times, with current levels of funding (which would be equivalent to 12%) and the price of Zcoin, it’s been really hard to expand our team of developers or to spend more with on community awareness or adoption efforts. Therefore a little extra and some breathing room would be good as I believe we do need additional developers to stay ahead in an increasingly competitive environment.
If the price of Zcoin increases and there is excess the core team can segregate off a separate fund can be started to be managed by trusted community members that are not related to the core team. This is in a way decentralizing and creating a culture of collective responsibility.