The Phala core team took a very small (5%) amount of tokens compared to other blockchain projects to be able to distribute more to the community and the miners. By doing this, it was always our vision to use the Treasury to support those most active in making the network a success and compensating for a professional advisor team that helps to develop Phala in many respects. Doing this on-chain maximizes transparency and avoids opaque advisor deals. This proposal is the first attempt to implement such a plan using the Bounty system. Although the Council does have the power to spend Treasury funds, we decided to put this up for a community referendum to avoid any conflict of interest and to get the maximum discussion and buy-in from the Phala stakeholders. That means, we will not use the Council's power to execute this bounty directly but have the public decide on it.
Bounty Proposal: Bounty to compensate expert advisors of the Phala team
Proponent: 3zfavDwAsV83TGCDYko4gs3uYPQq4fuS8mcy5BtFqjzyPes8
Date: 11.11.2021
Requested allocation: 75000 PHA
Proposed Curator reward: 100 PHA
Short description:
This bounty is used to compensate the expert advisors for their work previous to the launch of Khala as well as for ongoing work from Nov to Dec 2021. The expert advisors provided us with their professional opinion, industry experience and guidance for a successful inception of the network. Furthermore, the experts pledge to further help the Phala team in the future. They hold important knowledge in growth management, strategic and economic analysis, technical support and dev education, all important skills for a successful network.
Different skill sets are required to help the Phala ecosystem. Those are:
Mission: Activate the European market and acquire more reputation in Europe for Phala
Person in charge: Zoe
Budget: 25k PHA
TIME: NOV.- DEC.2021
TODO LIST:
Mission: Give tech support to team and help to build technical community
Person in charge: Joe
Budget: 25k PHA
TIME: NOV.- DEC.2021
TODO LIST:
Mission: Completion of related research on the Phala project
Person in charge: Jonas
Budget: 25k PHA
TIME: NOV.- DEC.2021
TODO LIST:
Phala is a blockchain project that wants to distribute more tokens to the community and miners. They want to use the Treasury to support those who help make the network successful. They are proposing a bounty system to compensate expert advisors for their work. The advisors have important knowledge in growth management, strategic and economic analysis, technical support, and dev education.
Different skill sets are required to help the Phala ecosystem, such as growth, research and analysis, and technology and product. They have proposed three tasks to accomplish these goals.
Task 1 is about growth and is led by Zoe. The mission is to activate the European market and acquire more reputation in Europe for Phala. The budget is 25k PHA and the time frame is Nov.- Dec. 2021.
Task 2 is about dev support and is led by Joe. The mission is to give tech support to the team and help to build a technical community. The budget is 25k PHA and the time frame is Nov.- Dec. 2021.
Task 3 is about research and analysis and is led by Jonas. The mission is to complete related research on the Phala project. The budget is 25k PHA and the time frame is Nov.- Dec. 2021.