Phore Core Team Budget Proposal (43,000 PHR)
The previous six month core team proposal has now expired, so this new proposal is for the next month’s cycle starting in January. Given that the new synapse architecture may result in a new governance system, we are planning to run the core team proposals month to month until we switch to that new architecture and governance system.
As we’ve outlined in the development budget increase proposal, the core team expenses require the full budget that the current 43,200 PHR maximum budget allows, so this proposal is for 43,000 PHR to cover those expenses, minus 200 PHR that is being proposed as part of the development budget increase proposal to allow for that voting.
We plan to allocate the six month recurring core team proposal as follows:
Development : 75%
The Development team is the heart of Phore. It is essential that our Developers continue towards meeting the roadmap goals, as agreed upon by the community. We have hired additional developers over the past several months, which has raised the overall percentage of the budget being allocated to development.
It is proposed that 75% of this budget goes towards the Development of Phore Blockchain. These funds will be used to compensate our current Development team, as well as rewarding community developer contributions and recruiting additional talent to help us achieve and expand our goals.
The development costs of Phore Synapse, and the next release of the Phore Marketplace is included within these funds.
Marketing : 15%
While we are allocating the majority of the budget to development, we recognize that continued exposure is key to Phore’s continued growth and to let more people know about Phore’s technology and applications. Not only does it create ‘brand recognition’, but it allows for the continual growth of the community which, in turn, leads to more exposure as Phore Blockchain is discussed more on socials…etc.
It is proposed that 15% of this budget goes towards increasing our exposure; ‘Marketing’ Phore Blockchain. These funds will be used to compensate our current Marketing team, as well as allowing us to do things such as create campaigns and giveaways. This will help us to become a bigger player in the space.
These funds will also be used for things such as; press releases, banner/other ads and taking measures to ensure community growth.
Team Members (Other) : 10%
As many of you will know, Phore Blockchain consists of over 30 team members spanning many departments alongside those you see listed above. This includes but is not limited to our; Compliance team, Legal team, Research and Development team, Video Content Producers, Community Assistance team…etc, many of whom contribute a lot of time and effort, and therefore must be compensated.
It is proposed that 10% of this budget goes towards compensating these team members in order to motivate and show gratitude towards their efforts, both in helping make Phore Blockchain in what it is today, and helping shape tomorrow.