February Budget Proposal
Please note that this budget would cover the period between the first vote and the next superblock (approximately 1 month). After this period, the community will review the proposal and determine which aspects to maintain, revise, or reject. The majority of the budget priorities are similar to the last block.
The development team is the heart of Phore. It is essential that our development team continue to work towards meeting the roadmap goals, as agreed upon by the community. Developing and maintaining the blockchain is no easy task. A total of 40% of the budget will go to the development team and development efforts.
Phore’s strength has always been its community. It is believed that ongoing growth of the community can only further strengthen the Phore project. Therefore, it is proposed that 20% of the development fund be spent on ongoing marketing & partnership efforts to increase our visibility within the crypto community and general public. These funds will be used to promote Phore across social media, financial technology hubs, and press releases.
Similar to the last budget, 17% will be retained for any legal costs. The remaining 20% will be held at the team’s discretion to be paid out to team members, as per their agreements.
Thank you for taking the time to review this proposal. At this stage, it is proposed that all staff members receiving funds will submit brief weekly work reviews summarizing their activities prior to receiving payment.