Core Team Assistance May 2024 by reuben

Goal: 13000 FIRO ($17420.0) CFC
Proposal Completed

Why?

This is the 17th request to the CFC as we committed to do month to month requests instead of a lump sum request.

Core team gets about ~16000 FIRO a month from the share of the block reward. At today's prices this is USD28,000

Breakdown of Core Team Expenses

Developer Pay (covers 4 developers Peter, Levon, Artur and Narek) 30,000 USD/month

Research: 3,500 USD/month

Admin/Support/Management (including Reuben) 9500 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 Batuhan receives 500 USD to assist with community management. The remainder is for various giveaways, merchandise and community events or to reward volunteer community managers.

Market Making 4500 USD/month Added on MEXC market making support (1500 USD) to build CEX redundancy.

Total: USD 50,750

Deficit: USD 22,750

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.

How much?

Total requested: ~USD 22,750 in FIRO equivalent

This is a slightly smaller request than last month due to improving market conditions

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.

Events
  • Proposal created 2024-06-03 13:04
  • Discourse topic posted 2024-06-03 13:04
  • Status changed from 'idea' to 'Funding Required' 2024-06-06 16:00
  • Donation address generated 2024-06-06 16:00
  • Payment of 12053.14342421 FIRO sent 2024-06-23 15:37
  • Payment of 946.85603332 FIRO sent 2024-06-26 08:00
  • Status changed from 'WIP' to 'Completed' 2024-06-26 08:03
Meta
firo
This proposal is completed. See the forum discussion thread for more information.
Transactions

  • Amount: 946.856 FIRO
  • TXID: e7fc4df458998fd055d4ad0aca0c310a22056e7fd958774e193a07390181ef5d
  • Date: 2024-06-26 08:00

  • Amount: 946.85660911 FIRO
  • TXID: e40a9c97851661cb23e2314ca11fbbccbb871be4b624a4cc7d0eb0be3e5cd1fa
  • Blockheight: 911610
  • Confirmations: 14840

  • Amount: 12053.144 FIRO
  • TXID: d107e1f87b57e9b6b45c0b68a3b2dd5d1f6fa9e666ab1aaf8293606c03a4d1e4
  • Date: 2024-06-23 15:37

  • Amount: 45.00005286 FIRO
  • TXID: 5d9417152a20d480166b607f1fb1e520e7d05f787208a5b1123a446b0f312f0d
  • Blockheight: 910022
  • Confirmations: 16428

  • Amount: 1450.00011108 FIRO
  • TXID: 0f0b138bd0ab7b055f3a9353e47d3e8f3924b5fba66b415ed4412839e60c593b
  • Blockheight: 909941
  • Confirmations: 16509

  • Amount: 555.00101878 FIRO
  • TXID: 9a1f7a9083c535161980617dabaff2cd5f838b3bbbc82d96bedf8c6aa17ea953
  • Blockheight: 907619
  • Confirmations: 18831

  • Amount: 10000.00061281 FIRO
  • TXID: 3653511f93388e865a329c9797c708fd063a200a91dd4de6dd442833b33dc08c
  • Blockheight: 907617
  • Confirmations: 18833

  • Amount: 3.14162868 FIRO
  • TXID: 801a68ec80e8d9b2c811a5413efb3022e64c7d6b0db9ff7e0f2da768fec3409d
  • Blockheight: 902785
  • Confirmations: 23665