BIP-011 - Reward For Contributors

Status: Proposal

Author(s): VYTOR#5181

Created: 18/10/2021

Discussions refer: https://gov.buzzedbearhideout.com/t/proposal-rewards-for-contributers/559

Buzzed Summary Implementation of a reward system for BBH contributors.

Abstract ‌ This proposal looks to define a procedure where everyone can submit their contributions to the community and be eligible for rewards.

Motivation ‌ With the growth of the community and the creation of committees, we get more and more people being proactive and putting the “wheel rolling” by themselves. Even so, it is marvelous to see people in the DeFi world working purely by love of the project, they still got bills to pay and everyone should be rewarded if they bring value to the community or the honeypot.

Specification ‌ Overview ‌ We propose a template here, so everyone can fill in their contributions and then, they can be rewarded if that’s the case. The template should be submitted at the end of each month on discord channel #bear-contributions with the correct format name.

At the beginning, rewards will be estimated and distributed by the founding team. The value should be estimated in USD and paid in Ethereum in the first weeks of the next month.

Some funds of the honeypot must be allocated for this initiative.

Therefore, if someone wants to dispute a reward, one of the Discord mods should be contacted to create a channel and then everyone can analyze the situation and get to a consensus.

Template: Refer https://gov.buzzedbearhideout.com/t/proposal-rewards-for-contributers/559

Rationale In order to work as a DAO it is important to setup a reward system for people committed to the project be compensated. With the community seeing the possibility of making money they may be encouraged to do the same.

Test Cases ‌ We have seen a lot of DAO’s by now implementing ways of awards for those who contribute with them with the aim of encouraging people to join the taskforce.

Copyright ‌ Copyright and related rights waived via CC0.