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Proposal "Terracoin Team Pay" (completed)Back
|Title:||Terracoin Team Pay|
|One-time payment:||6480 TRC (134.35 USD)|
|Completed payments:||10 totaling 64800 TRC|
|Payment start/end:||2017-10-08 / 2018-10-08 (added on 2017-10-08)|
|Votes:||461 Yes / 9 No / 18 Abstain|
|Will be funded:||Yes|
Manually vote on this proposal (Terracoin Core - Tools - Debugconsole):
To Vote 'Yes': gobject vote-many 426fe4773fa5ce238a3bdf847bda1e80e68f9042cfbe5a5bf11334f0e3521a3e funding yes
To Vote 'No': gobject vote-many 426fe4773fa5ce238a3bdf847bda1e80e68f9042cfbe5a5bf11334f0e3521a3e funding no
To Abstain: gobject vote-many 426fe4773fa5ce238a3bdf847bda1e80e68f9042cfbe5a5bf11334f0e3521a3e funding abstain
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Team Payment Proposal
This proposal is passing. To check on what we are working on check out our Trello.
You can also check our public ledger that shows how the pay is getting distributed.
Below is the proposal!
This is a proposal to take 30% of the 30 day budgetary funds for team payment for 12 months.
This is still voted on every month so it can be down voted at any time if things need to change. I also can put in revised additions if things need to change. These revised additions will also need to be voted on.
Break down of the block rewards
45% miners, 45% masternodes, 10% budgetary funds
216,000 TRC a month generated by block rewards
97,200 a month goes to miners. (45%)
97,200 a month goes to masternodes. (45%)
21,600 a month goes to budgeting. (10%)
6480 a month to team. (30% of budgetary funds)
If approved that money will all come to me and I will distribute it according to these rules. The pay outs will be via the blockchain so that it available to everyone to view.
5 different levels of pay: 1 - very part time (2 hours a day), 2 - part time (4 hours a day), 3 - almost full time (6 hours a day), 4 - full time (8 hours a day), 5 – Overtime (More then 8 hours a day)
Each position will have a level that they can’t go above.
Positions will be clearly mark out ahead of time so that there is no confusion.
We want to have the ability to pay 50 “slots” worth of people. This means we could have 10 total overtime team members or 5 overtime members with a variety of other people filling other time “slots.”
Also since the time a person may work will fluctuate depending on schedule and level of commitment we need to be flexible.
Each “slot” will be paid 129.6 TRC a month.
At the end of each month each team member will put in an average of the time they worked by week.
For example, if I worked 4 – full time for three weeks of the month and 1 – very part time for the other week I would submit the average which is 3.25 “slots” for that month and then would be paid 421.2 TRC for that months work.
Obviously the time would have to be verified to a point. We will be starting out on a sort of honor system, but if someone is putting in hours and nothing is getting done then they will get paid out for the month and let go.
If all of the “slots” aren’t filled up then there will be a surplus of TRC for that months pay out. This will be distributed in 3 ways.
1. 10% of the surplus will be saved for an emergency
2. 10% of the surplus will be used for a team member of the month vote by active team members.
3. 80% of the surplus will be divided amount all of the team by hours submitted for that month.
Lets say we have three team members who are able to work 5 – Overtime, two team members who are able to work 2 – Part time, and one team member who are able to work 1 – Very Part Time.
Abdul (5) calculates his month that he worked 4,4,5,2 = 3.75
Ben (5) calculates his month that he worked 5,5,1,3 = 3.5
Clarice (5) calculates her month that she worked 4,5,4,5 = 4.5
Dan (2) calculates his month that he worked as 2,2,2,2= 2
Elizabeth (2) calculates her month that she worked as 1,2,2,2= 1.75
Frank (1) calculates his month that he worked 1,1,1,1= 1
Abdul will get paid 486 TRC for his base monthly pay.
Ben will get paid 453.6 TRC for his base monthly pay.
Clarice will get paid 583.2 TRC for her monthly pay.
Dan will get paid 259.2 TRC for his monthly pay.
Elizabeth will get paid 226.8 TRC for her monthly pay.
Frank will get paid 129.6 TRC for his monthly pay.
The total team budget available is 6480 a month.
Only 2138.4 is used for this month.
That means there is 4341.6 surplus in the team pay budget.
10% will be used saved for emergencies = 434.16 TRC
10% will be used for team member of the month = 434.16 TRC
The remainder of the surplus (3473.28 TRC) is divided up by slots worked between all of the team.
16.5 total slots worked.
Abdul worked 22.7% of the slots so he gets 788.47996 TRC of the surplus
Ben worked 21.2% of the slots so he gets 736.33536 TRC of the surplus
Clarice worked 27.2% of the slots so she gets 944.73216 TRC of the surplus
Dan worked 12.1% of the slots so he gets 420.26688 TRC of the surplus
Elizabeth worked 9.4% of the slots so she gets 326.48832 TRC of the surplus
Frank worked 6% of the slots so he will get 208.3968 TRC of the surplus
There will always be a little difference when converting hours worked into percentages and that left over amount will be used for emergencies.
Hopefully I did my math correctly.
We currently need to keep the team members we have and work on adding more skilled people to the team. In order to do this we need to have some sort of pay plan even if it is a token amount currently.
Discussion: Should we fund this proposal?
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