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Changed slice percentages from third-third-third 35%-25%-40% 

Changed slice percentages from third-third-third to 35% ECC, 25% Zfnd-GU, 40% Zfnd-MG (harmonizing with Matt Luongo's updated proposal).
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Eran Tromer 2019-11-15 05:29:27 -05:00
parent dc23447dfd
commit a43deabd7a
1 changed files with 4 additions and 4 deletions
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@ -15,10 +15,10 @@ This proposal describes a structure for a the Zcash Development Fund, to be
enacted in Network Upgrade 4 and last for 4 years. This Dev Fund would consist enacted in Network Upgrade 4 and last for 4 years. This Dev Fund would consist
of 20% of the block rewards, split into 3 slices: of 20% of the block rewards, split into 3 slices:
* 1/3 for the Electric Coin Company * 35% for the Electric Coin Company
* 1/3 for Zcash Foundation (for internal work and grants) * 25% for Zcash Foundation (for internal work and grants)
* 1/3 for additional "Major Grants" for large-scale long-term projects (decided * 40% for additional "Major Grants" for large-scale long-term projects (decided
by the Zcash Foundation, with extra community input and scrutiny) by the Zcash Foundation, with extra community input and scrutiny)
Funding is capped at $700k/month per slice. Governance and accountability are Funding is capped at $700k/month per slice. Governance and accountability are
based on existing entities and legal mechanisms, and increasingly decentralized based on existing entities and legal mechanisms, and increasingly decentralized