My apologies on initial calculation and thank you for starting to provide more communication and info. As a long-term hodler and “new to dao structures” participant I’m learning how to participate. I made a mistake on my initial apecoin price calculation; maybe I was manifesting future higher token value due to increased adoption and usage.
Regardless, I would like to understand the scope of work differences between the original scope which CG received compensation of 150,000 per month vs. the proposed scope of ~ 330,000 per month.
Generally, I am in favor of investing in areas that will generate additional adoption of Apecoin. To date it has been confusing to understand how this work has been progressing. A couple of follow-up questions:
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Todays transparency report shows the dao investment outflows 5:1 of operating expenses to grants. (493,271 to 96,045). If we just look at Admin Fees the outflow decreases to 217,907. This would be 2x our current grant investments. Does the council have a viewpoint on what the correct ratios and/or future allocations should be? Does the council have a view of where these will normalize in the future? This AIP is advocating for a 2x of current administration fees. This raises a question of having administrative fees that are significantly higher than our current grants (which have direct impact on building the ecosystem)
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It was mentioned that we have 10 full-time staff working on this project. You mentioned anticipating future resource needs that may arise. Can you share how current individuals are allocated to this project? What will the future staffing, and more importantly the deliverables look like with increased resources?
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Waiting for additional apecoin council members; Agree that a couple of days will not allow sufficient time to integrate the new members into this decision making process with the end of your contract. Does your current contract allow for an extension under the current scope of work or can that be accomplished through a revised AIP? To me, this community representation is important for a decision of this size. The total size of this 12 month commitment roughly 4 million, and I agree with the views expressed here that we should be working to decentralize more of the DAO operations. I understand this is a business for CG and it should be compensated for its work.
Thank you for the quick response and putting together these materials. I am still reading through the report that was shared this morning. If there are sections that may answer some of these questions, please point me in the right direction.
-Cheers