Voting has been extended for this Superblock.

Recently, an issue with the Blocknet Governance Community Voting System payout mechanism was discovered. In light of this discovery we are deciding to extend the voting for the Community Funds Proposal to Nov 15th. This is because it is such a large amount of Block (130k) to be allocated. Voting will now close at Block 142000. Details are below:

Title: Community Fund Proposals

This is a collection of proposals for community funds to be created utilizing the redeem funds.

Rationale: Reallocate the redeem funds in order to support the long term goals of the Blocknet.

Proposal 1: Bug Bounty Fund

Purpose:

Incentivize white hat hacking and general improvements

Security audits

Cost Assessment: A fixed amount of 50,000 BLOCK

Proposal 2: Ecosystem Growth Fund

Purpose

Trading tutorials

Developer tutorials

Trading tools

Investor tools

Developer tools

Developer incentives

Documentation

Cost Assessment: A fixed amount of 20,000 BLOCK

Proposal 3: Rainy Day Fund

Purpose:

Used as a reserve emergency fund for any unforseen issues and expenses.

Cost Assessment: A fixed amount of 20,000 BLOCK

Proposal 4: PR Fund

Purpose:

Translations

Pay fees for articles, interviews, podcasts, Youtuber videos

Sponsor content (CryptoCompare newsletters, etc)

Advertisements

Graphics, designs, animations

Cost Assessment: A fixed amount of 10,000 BLOCK

Proposal 5: Development Fund

Purpose:

Interim payments to compensate contributors that begin tasks before a proposal period.

New website

Any additional development related costs

Cost Assessment: A fixed amount of 10,000 BLOCK

Proposal 6: Ledger (Secure HW Wallet) Fund

Purpose:

Used for development of Ledger hardware support and future maintenance, updates and support.

Cost Assessment: A fixed amount of 10,000 BLOCK

Proposal 7: Legal Fund

Purpose:

To seek legal council on various questions surrounding the liability of the project members regulatory compliance, such as:

Risk of contributing members if aspects of the project are deemed illegal

Risk of conceiving members if aspects of the project are deemed illegal

Risk of partners if aspects of the project are deemed legal

Compliance risk from GDPR and other regulations

Cost Assessment: A fixed amount of 10,000 BLOCK

Proposal 8: Burn Fund

Purpose:

Permenantly remove the excess Redeem Funds from circulation.

Cost Assessment: The remaining unallocated BLOCK from the Redeem Fund

Total Cost Assessment for the above:

Bug Bounty Fund — 50,000 BLOCK

Ecosystem Growth Fund — 20,000 BLOCK

Rainy Day Fund — 20,000 BLOCK

PR Fund — 10,000 BLOCK

Development Fund — 10,000 BLOCK

Ledger Fund — 10,000 BLOCK

Legal Fund — 10,000 BLOCK

Burn Fund — Remaining unallocated BLOCK from the Redeem Fund

Superblock Total: 0 BLOCK

Redeem Fund Total: 130,000 BLOCK + Burn Fund paid from the Redeem Fund.

Voting Guide: The process of voting takes place in the Service Node wallet.

Open wallet and go to Tools > Debug Console. The debug console will open in a new window.

To vote for the Bug Bounty Fund, please type the following commands as shown below: (Or click here for a clearer version that you can copy and paste)

If voting from the terminal, type in the following: (Or once again, click here for a clearer version that you can copy and paste)

For more detailed voting instructions please click here

To view all proposals in detail, please click here

Recently passed proposals

At the time of voting for the proposals below, 355 Service Nodes were active. At least 10% of nodes must vote for a vote to be legitimate. The following proposals were successfully passed:

ATC Team Proposal: https://goo.gl/RHjWm6 Yeas: 56 / Nays: 0

Core Team Proposal: https://goo.gl/RHjWm6 Yeas: 44 / Nays: 0

Test Team Proposal: https://goo.gl/RHjWm6 Yeas: 44 / Nays: 0

Euro Team Proposal: https://goo.gl/6wyjhT Yeas: 80 / Nays: 0

DXTools Team Proposal: https://goo.gl/RHjWm6 Yeas: 44 / Nays: 0

Social Coordinator: Proposal: https://goo.gl/EPvyoR Yeas: 43 / Nays: 0

— — — —

-