Long Covid Labs Development Proposal - 004 (LCL DP-4)

Title: Framework for Token Allocation to Co-Founders and Core Contributors

Read Full Proposal Text Here: https://docs.google.com/document/d/1h2OYOVgARyawfrftvnA93A0XvLpZXflIVscqIAyO5bg/edit?tab=t.0

Summary: This proposal establishes a standardized framework for allocating $COVID tokens to co-founders and core contributors. Allocations will range from 0.01% to 5% of the total supply per contributor, based on role criticality, timing of contribution, and track record, with DAO and core leadership approval. All allocations follow a 4-year vesting schedule with a 1-year cliff.

Proposal: Option 1: Approve the Framework • Define allocation range: 0.01%–5% of total token supply per core contributor. • Require DAO and core contributor approval for all allocations, with election and justification process. • Apply standard 4-year vesting with 1-year cliff and monthly vesting thereafter. • Execute allocations within 60 days of approval, following transparency and reporting requirements. • Allow forfeiture of unvested tokens in cases of misconduct or failure to meet responsibilities.

Conclusion: This framework aligns token incentives with mission-critical contributions, ensuring long-term commitment and accountability. Vote to decide whether to adopt a standardized token allocation model for co-founders and core contributors.