January 15 Budget

Jan 15 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 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. It is proposed that 15% of the development fund go to Julian to help fund his ongoing efforts in developing the marketplace. An additional 27% 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 23% 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. 8% of the budged will go to the marketing team to implement marketing efforts. As well, 15% will be used to fund marketing plans.

An additional 5% of the budget will go towards a Marketplace Outreach officer who will work towards connecting vendors with the upcoming online marketplace.

Similar to the last budget, 10% will be retained for any legal costs. The remaining 20% will be held at the team’s discretion. Some of these funds will go to compensate team members for their incurred costs over the last 3 months, the surplus will go towards a saving fund.

Thank you for taking the time to review this proposal. It is expected that the next SuperBlock will help clarify the different roles and deliverables expected by all individuals who are receiving funds.