Final Budget Proposal

Final 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. Please note that in this revised proposal, the advisors and head developer decided not to accept payment and instead divert these funds into the further development of the Phore project.

Development: 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 block chain is no easy task. It is proposed that 18% of the development fund go to Julian to help fund his ongoing efforts in developing the marketplace. An additional 20% will go to recruit additional developers.

Marketing: 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 30% of the development fund be spent on ongoing marketing 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. At present, we have recruited Missa who will head the marketing team and manage these funds. It is hoped that her efforts will be pay off and a more long-term relationship can be established following this block. Since Missa will be producing a great deal of material herself, it is expected that at least half of the funds will go to pay for her time and effort.

An additional 32% of the development fund will be divided into two long-term pools. 22% will be held at the team/community’s discretion for unexpected and future expenses. An additional 10% will go towards a legal consultation to help ensure Phore is in compliance with relevant international laws.

Thank you for taking the time to review this proposal. Please note that this proposal is for the initial transition into governance. It is expected that the next SuperBlock will help clarify the different roles and deliverables expected by all individuals who are receiving funds. The funds will be sent to a multisig wallet and distributed at regular intervals.

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