Proposal "80k_TRC" (completed)Back

Title: 80,000 TRC turned into TRCf Donation Masternodes
Owner: clockuniverse
Discovery: None
One-time payment: 10 TRC (0.40 USD)
Completed payments: 1 totaling 10 TRC
Payment start/end: 2018-04-16 / 2018-05-17 (added on 2018-04-08)
Votes: 149 Yes / 56 No / 8 Abstain
Will be funded: Yes
Manually vote on this proposal (Terracoin Core - Tools - Debugconsole):
To Vote 'Yes': gobject vote-many d13d59ac89266c52337b87ab67a9029ee21e331dba448a7b5aa6fdd3b3ada713 funding yes
To Vote 'No': gobject vote-many d13d59ac89266c52337b87ab67a9029ee21e331dba448a7b5aa6fdd3b3ada713 funding no
To Abstain: gobject vote-many d13d59ac89266c52337b87ab67a9029ee21e331dba448a7b5aa6fdd3b3ada713 funding abstain

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Description

In addition to The Terracoin Foundation Donation Masternodes, The Terracoin Foundation has been holding a total of 80,000 Terracoin to donation to non-profits once TRC hits $1 USD. 

40,000 of this TRC was donated by a very generous community member, and I matched it giving The Terracoin Foundation 80,000 TRC to donate.

Since then the community member has disappeared from the community, as will happen in the cryptoworld.

The original spoken agreement was that this 80,000 TRC would be donated in 20,000 TRC chunks to community picked non-profits around the world once TRC hit $1 USD.

I would like to instead turn this 80,000 TRC into The Terracoin Foundation Donation Masternodes.

The Terracoin Foundation Donation Masternodes are non-voting masternodes that will donate half of their net profits to community voted non-profits around the world once TRC hits $1 USD.

We currently have 10 of those masternodes, and by turning this 80,000 TRC into TRCf Donation masternodes we can add another 16.

Instead of this TRC sitting idle we can grow the amount of donation TRC while we work towards $1 USD, and when we are at $1 USD we can make a real impact with our donations instead of one-time donations that will adversely affect the price with each donation.

I am willing to cover the VPS hosting cost of the new 16 masternodes for 1 year because I think turning the 80,000 TRC into donation masternodes is the right thing to do.

Terracoin can help the world, and with more donation masternodes we can help more people!


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Discussion: Should we fund this proposal?

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0 points, ~5 months ago
doner intent
Reply
0 points, ~6 months ago
Brilliant idea!! Definitely a YES vote :D
Reply
1 points, ~6 months ago
I love this idea. It's a YES vote from me. Generous of you to take on the hosting.
Reply