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KogeCoinKogeCoinby0x008C3Eb2cFD1F9AB110485C75feA549926f28B470x008C…8B47

Profit Sharing Revision - Include the Developers?

Voting ended over 4 years agoSucceeded

On July 21st the profit sharing proposal passed with 55% voting for it as is, and 43% voting for it seeking additional refinement. This and subsequent proposals are an attempt to address the 43% that wanted changes to the proposal. See link below for original proposal.

https://vote.kogecoin.io/#/kogecoin.eth/proposal/QmdMFXFQEHqnwbsxkaHoM6jZ7hk4MkTRS9qjMNkCiPzwLG

Based on discussion with the community, the following question was brought up. Should the devs be included in the profit sharing? If so, how much?

Background: When it was discussed on the community telegram the biggest voiced change was that the devs deserved more built in rewards. Quote: "This project isn't shit without it's devs." Currently 100% of koge fees go to buy back and burning koge (burns happen randomly to avoid frontrunning). The only form of payment devs currently get is selling the koge they receive from the dev wallet (2% of total supply that will vest over the next several months).

If they are included in profit sharing, then how much? Assuming daily revenue increases proportionally with tvl, at 156m tvl (around where Adamant is now), daily profit could reach 7.8k to 26k. Current daily revenue is 300 - 1k and current tvl is 6mil.

Devs could choose to stake their personal koge, and by doing so earn a percentage of the profit sharing fees. This proposal gives devs additional opportunities for daily compensation beyond selling koge in their personal wallets, and staking personal koge for profit sharing.

Off-Chain Vote

5% devs, 50% stakers, 45% burn
859.58K 79%
10% devs, 50% stakers, 40% burn
95.91K 8.8%
15% devs, 50% stakers, 35% burn
16.96K 1.6%
20% devs, 50% stakers, 35% burn
14.95K 1.4%
No, 50% stakers, 50% burn
101.1K 9.3%
No, I'll post idea in telegram
0 0%
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Timeline

Jul 22, 2021Proposal created
Jul 22, 2021Proposal vote started
Jul 27, 2021Proposal vote ended
Oct 26, 2023Proposal updated