MDP-2: Phase 1 Retroactive $MOONEY distribution

Discourse link: https://discourse.moondao.com/t/mdp-2-retroactive-compensation-for-phase-1/53/7

As discussed above, this vote is to determine the amount of $MOONEY from MoonDAO’s treasury that will be used to retroactively compensate MoonDAO contributors that worked on setting up the DAO from its inception on November 24th 2021, to the end of the token sale on January 16th 2022.

This first vote will act as a temperature check to serve as a signal from the community as to what the preferences are of the $MOONEY holders. Once the signal is captured, we will put up a second “final allocation vote” with the options for total $MOONEY to be distributed for Phase 1 work.

Our treasury has approximately 1.3 billion $MOONEY and the percentage chosen will be the percent of that $MOONEY treasury that will be distributed to contributors. Therefore, choosing 100% = 1.3 billion $MOONEY, choosing 0% corresponds to 0 $MOONEY.

The details of how we will distribute the $MOONEY are discussed on the above Discourse, we will use a system where contributors will receive points that they can allocate to anyone else but not themselves, this way the contributors can collectively determine the amount of compensation that will go to any individual.

The details of this system are included in the Discourse above and will be subject to another vote by the community to confirm that this system is acceptable to the community.

For this proposal we will use Weighted Voting and you can choose any number of options with your tokens. The distribution provided is made up of 5% increments, so if for example you wanted to vote for a value in between the increments you can do so by putting a portion of your tokens on one choice, and a portion on a another choice, and the average of your weighted token votes will be your decided amount.

Again, this vote is just to capture the sentiments of the community and we will then put up a second vote for the final allocation. As a reminder we will use a 4% hard cap of the circulating $MOONEY supply on any vote, meaning that no individual should use more than 50,000,000 $MOONEY tokens on a single vote.

Thank you for contributing to MoonDAOs governance!