P-10: Governance Token Allocation Amendment for Founding Team & Advisors

Authors: willblackburn, kempsterrrr, nader, marc, with-heart, Erik_Knobl View Forum Vote

Summary

The token distribution currently ratified through P-5: Governance Token Proposal is:

• 50% to the Developer DAO Treasury
• 25% to current members
• 10% to founding team and advisors*
• 10% to early contributors
• 5% to partners

* subject to vesting

This new proposal modifies the breakup within the 10% allocation to founding team and advisors. Specifically, it takes governance tokens allocated to advisors and set aside for future advisors and establishes a sponsorship program for membership.

Note: The rest of the groups are not modified or changed in any way, including the current members and early contributors allocations.

Current Founding Team & Advisors Allocation - 10% Total

• Founding Team (6 members) - 6%
• Advisors (2 members) - 0.9%
• Unallocated Advisors - 3.1%

Amended Founding Team & Advisors Allocation - 10% Total

• Founding Team (6 members) - 6%
• Advisors (1 member) - 0.45%
• Unallocated Advisors - 2%
• Member Sponsorships - 1.55%

This member sponsorships allocation will allow for ~387 sponsorships to Developer DAO.

What are member sponsorships?

The tokens in this allocation will be used to give membership to the DAO. As defined in the Governance Token Proposal, membership will begin at 400 tokens.

The DAO will define the process for awarding these sponsorships in a way that reflects our Mission, Values, and Goals.

Vote

• A For vote ratifies the amendment
• An Against vote rejects the amendment

A majority For vote will see the amendment ratified.