This is the thirteenth request to the CFC as we committed to do month to month requests instead of a lump sum request. We didn't make a request for December but as prices have dipped again, would require the CFC assistance.
Core team gets about ~16000 FIRO a month from the share of the block reward. At today's prices this is USD25,120.
Breakdown of Core Team Expenses
Developer Pay (covers 4 developers Peter, Levon, Artur, Narek and Sproxet) 30,000 USD/month
We have hired a new junior developer Artur to replace Gevorg and assist Levon.
Research: 3,500 USD/month We have reduced the number of hours for research as we preserve our runway though research work is still ongoing at a slower pace.
Admin/Support/Management (including Reuben) 9000 USD/month (covers Reuben, Anwar, Ajay)
Hosting Fees: 1,000 USD/month This covers Github, Continuous Integration, Matrix, chat bridges, seed nodes, explorers, light wallet servers, testnet and website hosting fees. The bulk of this is on explorers and the light wallet support which require beefier specs.
Sysadmin: 1,250 USD This is engaged from Cypher Stack and covers the running of all our infrastructure. This is reduced from 2500 USD/month after Cypher Stack kindly agreed to reduce their charge during the bear. The price will be back to 2500 USD when Firo goes back to USD2.50/FIRO
Community Support: 1000 USD (Previously 1250 USD which was reduced from 2500 USD) We have engaged Batuhan to assist with community management. This covers also other miscellaneous part time assistance for Firo Africa/Arab.
Market Making 2100 USD/month
We have worked out a deal with a market maker on a friendly basis due to our continued support and introductions I have made to them. This will cover our major exchanges
Website Update 1300 USD
We made a minor revamp on the website and are continuing to update it.
Total: USD 49,150
Deficit: USD 24,030
Do note that the deficit is only an estimate and is based on the current market price. This figure changes with the ebbs and flows of the market.
Total requested: ~USD24,030 in FIRO equivalent
Breakdown:
Instead of giving a full breakdown, since we have already listed the expenses above in detail, we are requesting the shortfall.
We won't be requesting volatility protection especially this will be on a month to month basis.
We are requesting for this proposal to be reviewed on a month to month basis by the Community Fund Committee so that in the event market conditions improved we can cease this and we can also adjust the amount requested.
The core team as a general principle does not want to make requests from the Community Fund unless absolutely necessary and we appreciate the support.
3910.0007 FIRO
694e3f08436d16770815adcb06ebb410e4688f19b21f6c964332b695d7b17215
2024-02-03 17:33
910.00011208 FIRO
058ebd31f844d8c7b1b9c2f9799d13bede0f0a606d0e07e8bb132eeae81ff888
828879
174608
3000.00021348 FIRO
b17f12976187ccc01911064729cd6db2a0bec83438972f8eae7a8dc8a9324f48
827704
175783
11300.0 FIRO
27431bbffd479e4e8c5e3d5602881db77dce23e694e98497e368abddb229a8ad
2024-01-25 09:06
10000.00036558 FIRO
0c6a1ba3772dc04dee140abea8db3df98273dcc35b9d3e86976157d368e2a923
823154
180333
1300.00006138 FIRO
214ebf424cc1447e35b9322d54b15c39503bfb57a616bd008701504bf72394e8
823154
180333