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CRE8R DAOCRE8R DAOby0x72eA986B93b63bc0e0d146b850003C2e6FF187aC0x72eA…87aC

Increase Treasury Allotment From Budget - 15% ---> 20% (attempt #2)

Voting ended about 4 years agoSucceeded

I don't believe it's written down anywhere as "law", but we've had a convention for a long time to typically allocate 15% of what a client pays us for a project budget to the treasury, and the rest goes out to pm, cre8rs, sale etc.

ex. client pays 20k --> 3k stays in treasury.

This is what we have now.

I propose to raise the treasury allocation to 20% for the following reasons:

  1. More money for the DAO, which is a good thing because it allows us to grow, fund different initiatives, build a solid treasury, and do measures to support the price of $CRE8R.

I think we can all agree that we're in some type of bear market-ish period and in this environment the most important thing is to survive. Those who don't just merely survive, but thrive (as we are, but will do even more after this snapshot) will be those best positioned when the next bull is ready.

  1. Even after paying cre8rs more than their expectations often, we still end up with a decent amount of extra budget. What to do with that extra budget? Often we divide the majority and split it among all the cre8rs. This is fine, but at some point it becomes ridiculous ex. weird situations like where the bonuses end up being more than the initial payment people were set to get (or at least a significant % increase). This is especially true for people who did only 1 item for the client. Not only is it kind of silly to 2x (or more) payments arbitrarily, but it makes other cre8rs unhappy to see people who did very little work suddently getting double what they got. $500-600 for a single thumbnail etc.

So, what does this mean for you as a cre8r?

Since we've recently increased out budgets to 25k, likely no noticeable change at all. You just end up being part of a DAO with more formalized processes, and a solid treasury behind it.

GM. LFG. WAGMI

Off-Chain Vote

Yes
744K 75%
No
248K 25%
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Timeline

Mar 17, 2022Proposal created
Mar 17, 2022Proposal vote started
Mar 20, 2022Proposal vote ended
Oct 26, 2023Proposal updated