Community Budget Proposal

Thank you all very much for your support of PandaDAO. This is the first incentive distribution for the community's core contributors (developers, community managers, project sponsors, etc.) for the past almost 5 months (from inception to present). However, considering that the amount of funding for PandaDAO exceeded the initial target amount by a large margin, if we were to follow the white paper's narrative of "a linear allocation of 12% of the total token supply for one year to the core team for incentives", it would cause a serious dumping expectation of the market, harming the interests of all investors and creating an unfair distribution of incentives to the community. And we also found that the cumbersome process of applying for funding from the treasury guardians by the DAO community would cause inefficiencies in execution and efficiency. The core team incentives are as follows.

the start date of the allocation starts from last November, only the five-month incentive cycle is allocated, and then the earlier work and the April work cycle before that are not counted in this incentive. For the type of tokens to be allocated, we propose to allocate $PANDA tokens and Ether in different proportions, 50% in the form of ETH and 50% in the form of $PANDA. 3.In order to tie the interests of the core members to the community, all core members need to have a position of $3 million or more in $PANDA and the Leader needs to have a position of 8 million or more in $PANDA. This proposal is a one-time proposal, and the core team's allocation plan will be cancelled, and the incentive and allocation will follow the budget of different teams to ensure the interests of the community and the long-term motivation of the core team. Incentives from April onwards will be implemented by the budget proposal. The proposed changes to the community incentives are as follows.

The community will request a monthly budget of $150,000 from the treasury for development, design, marketing, mods, servers, DDoS traffic cleaning, etc. All budgets will be credited to a multi-signature wallet controlled by the core members. The $PANDA within the budgeted funds cannot exceed 80% or less than 50% of the current month's budget, and the remaining portion will be distributed in stable coins or ETH equivalent. No more than $150,000 in digital assets of equivalent value in the multi-signature wallet controlled by the core team, and no monthly budget overlap. And every month, all incentive allocation details (quantity, address, discord account, Tasks, etc.) will be published, and if the budget needs to be increased, the entire community Snapshot vote will be required to confirm. every month, the development team and the operation team's leaders need to compete for the next month's budget schedule, both sides to form a check and balance. The core team will review the budgets of both teams and hit the multi-signature wallet jointly controlled by the team leaders of both teams, and the team leaders of both teams will allocate incentives to all those who complete Tasks. To avoid centralized control of each team, each team needs to have 4-5 team leaders, and the community leaders will also join in the multi-signature wallet, which can also perfectly evaluate the incentive amount of each task. team leaders of the development team contains: 1 front-end engineer, 1 system back-end engineer, 1 designer, 1 contract engineer. team leaders of the operation team: 2 mods, 1 marketer, 1 product manager In order to increase the diversity of the core team's job types and make it easier to listen and discuss the community, we have made the following plans for the core team. core team members need to have a position of 3 million tokens or more, and their wallets need to be publicized and firmly bound to the interests of the community. The core team will be expanded by adding 1 Mod Leader, 1 Product Leader and 1 Marketing Leader. eliminate two developers from the core team and increase the voice of the operation team in the community. According to the above plan, the release rate of community tokens will be less than 16% a year, with a minimum release rate of 8% a year, which can also protect all investors and community contributors.

非常感谢大家对 PandaDAO 的支持。这是第一个针对社区在过去接近5个月（从立项至今）的核心贡献者（开发者、社区管理者、项目发起人等）的第一次激励分配。但考虑到PandaDAO融资数额超出最开始预定的数额太多，如果还按照白皮书当中所叙述：『将代币总供应量的12%一年的线性分配给核心工作团队进行激励』，将会对市场造成严重的抛压，损害到所有投资者的利益，也会造成社区激励分配不公平的情况。并且我们也发现DAO社区在向国库守卫者申请资金的繁琐程序，会造成执行力和效率的低下。

核心团队在此提议，取消所有团队的激励，而核心团队只分配前面五个月的激励，取消4月1日以后的所有激励，并且对白皮的激励分配重新修改和调整。

核心团队激励如下：

分配开始日期从去年11月份开始，仅计五个月的激励周期分配，再之前的早期工作以及四月的工作周期，不计入本次激励。 针对分配代币种类，我们提议以不同代币比例去分配Panda代币以及以太坊，50%以ETH形式发放，50%以$Panda发放。 核心团队总共10人，平均每个月每人的分配数量725,209个$panda和1.45个ETH。为了使核心成员和社区利益绑定，所有的核心成员的 $Panda持仓量需要大于等于300万枚，Leader的持仓需要大于800万枚。 本次提案为一次性提案，后续会取消核心团队的所有分配计划，跟随不同团队的预算进行激励和分配来保证社区的利益以及核心团队的长期动力。从四月开始的激励，将会由预算提案执行 社区激励修改提案如下：

社区每个月向国库申请15万美金的预算，用作开发，设计，市场，Mod，服务器，DDOS流量清洗等所有开支，所有预算会打入核心成员控制的多签钱包内。 预算资金内的$Panda不可超过当月预算的80%或低于50%，剩余部分则以稳定币或等值的ETH进行发放。 核心团队控制的多签钱包内，不可超过15万美金等值的数字资产，不可每个月进行预算叠加。并且每个月公示全部的激励分配详情（数量，地址，discord账号，Tasks等），如发需要增加预算，需要进行全体社区Snapshot投票确认。 每个月，开发组和运营组的leaders需要争取下个月的预算表，双方形成一个制衡。由核心团队审核双方小组的预算，打到两个小组Leader共同控制的多签钱包内，两个小组的Leaders对所有完成Tasks的人员进行激励分配。 为了避免每个小组的集权化控制，每个小组需要有4-5名Leaders，并且社区Leader也会加入多签钱包内，也能完善的评估每个Task的激励额。 开发组的Leaders：1名前端工程师，1名系统后端工程师，1名设计师，1名合约工程师。 运营组的Leaders：2名Mod人员，1名市场人员，1名产品人员 为了增加核心团队的工种多样性，更方便倾听和讨论社区的声音，我们对核心团队做了以下规划：

核心团队成员的代币持仓需要大于等于300万枚，并且钱包需要公示，和社区利益牢牢绑定。 核心团队的工种扩充，增加1名Mod Leader ，1名产品Leader和1名市场Leader，从社区里面进行竞选。 核心团队剔除两名开发人员，增加运营小组在社区的话语权。 按照以上的规划，社区代币的释放速度，一年会低于16%以内，最低在8%一年的释放速度，也能保障所有的投资者和社区贡献者。