Budget and Fund Allocation Proposal

Proposal No. [34]

Introduction

Dear Roko Network Community,

This proposal seeks approval for a financial structure and allocation framework that enables Roko Network to efficiently manage its resources. The resolution aims to approve the budget and enable the transfer of funds from the Roko Network Foundation to the Roko Network Corp, supporting a wide range of operational payments. It also includes the approval of expenditures already made, aligning with our strategic goals.

Proposal

1. Budget Confirmation

Confirm the budget established for Roko Network operations, which allocates financial resources to support our strategic initiatives and operational needs. The total budget for [Q4 2024 - Q2 2025] is [178,511 USDC, 2,187,770 POND, and 299,436 NOIA], reflecting our commitment to efficient resource management and growth of the network.

2. Authorization of Fund Transfers

Authorize the transfer of funds from the Roko Network Foundation to the Roko Network, Corp as needed to support various operational payments. These transfers should align with the approved budget and the allocation framework outlined in this resolution, ensuring that funds are used efficiently and in accordance with Roko Network's strategic priorities.

3. Approval of Prior Expenditures

Approve the expenses that have already been made, which were necessary due to time-sensitive circumstances since legal structuring on [August 28th 2024]. These expenditures were in line with the budget and the allocation framework.

• Total Amount Utilized to Date: [$42,545]
• Purpose: Covering essential operational needs.

4. Allocation Framework

Approve the allocation of treasury funds to support key areas of the Roko Network:

• Ecosystem Development: 30%

  • For developer grants, ecosystem expansion initiatives, and supporting new projects built on the Roko Network.

• Incentive Programs: 25%

  • To reward staking, delegation, and active governance participation, ensuring a healthy level of engagement in network operations.

• Strategic Investments: 20%

  • To invest in partnerships or new technologies that benefit the Roko ecosystem, such as collaborations with other DePIN projects via treasury token swaps.

• Operational Costs: 15%

  • To cover expenses such as development, maintenance, marketing, and team salaries.

• Reserve: 10%

  • To maintain a contingency fund for emergencies or unexpected challenges.

Considerations

• Budget Adjustments:

  • The budget may be adjusted based on changes in treasury volume or unforeseen financial obligations, with any modifications subject to community voting.

• Fund Transfer Frequency:

  • Fund transfers from the DAO Foundation will occur on an [as-needed and or quarterly] basis.

Community Engagement

• Feedback Mechanism:
  • Community members are encouraged to provide feedback on budget allocations and expenditures via telegram https://t.me/RokoNetwork.

Flexibility and Amendments

• Amendment Process:
  • Given the dynamic nature of Roko Network's operations, adjustments to the budget or allocation framework may sometimes be necessary. Amendments to this proposal can be initiated via Snapshot voting https://snapshot.org/#/rokonetwork.eth. This process provides flexibility while ensuring that changes have community support.

Conclusion

The proposed budget confirmation, fund transfer authorization, and allocation framework will reinforce Roko Network's capacity to manage its financial resources effectively. By approving previous expenditures and implementing a framework allocation strategy, we ensure the network's continued growth and maintain transparency within our operations.

Voting Options

• Yes:
  I agree with the adoption of the proposed financial structure, including budget confirmation, fund transfer authorization, approval of prior expenditures, and the outlined allocation framework.

• No:
  I do not agree with the above proposal.

• Abstain: Choose not to vote