So what is the amount of $ do you (ALL) think we should collect in our wallet (Community Pool) via on-chain tax for development purposes?
NOTE: The money in the community pool is not automatically distributed to the developers, whoever needs dev funding will still need to raise a proposal and we’ll have to vote on whether we release the funds to them or not
Cost Profile 1
Based on the proposal cost breakdown here and here (two major dev projects running in parallel).
The cumulative cost comes down to:
$141.75k + $125k = $266.75k over a period of 3 months,
or $266.75k / 3 = $89k per month
There are 4.34524 weeks in a month, hence that last value gives us the weekly cost for such a development schedule described above: $89k / 4.34525 = $20k per week
Question 1: Do you think $89k per month is too much?
Cost Profile 2
We start small so we are lean in terms of our community pool management.
For example, we make sure we can support at least L1 development cost and we add a bit of overhead, like a quarter of the L1 dev cost, which will build up over time (1 year) to allow us to support funding of another large development project. Using the L1 development cost values again here we get:
$141.75k + $141.75k/4 = $177.1875k over a period of 3 months,
or $177.1875k / 3 = $59k per month
or 59k / 4.34525 = $14k per week (there are 4.34524 weeks in a month)
Question 2: Do you think $59k per month is too much?
Why set a limit?
So as we don’t populate our community pool with stagnant coins which could otherwise contribute to the BURN effort. We collect and keep what we need to help develop the chain and burn the overflow and that is over and above our usual burn contributions as outlined on the technical design diagram (Proposed Changes) below:
P.S: I have rounded up/down here and there to get easy-to-read numbers