This post is the monthly financial report for October 2022, for the ongoing CoinZdense project. While at the current level of funding, this report may be a bit silly, I think it is important to provide full openness about the project to potential funders and contributors.
Incomming project funding by source (HBD)
| State | Project support tokens | Blog pay-out | Direct HIVE/HBD | Other crypto | PayPall | Total |
|---|---|---|---|---|---|---|
| New | 3 HBD | 2.5 HBD | 0.0 HBD | 0.0 HBD | 0.0 HBD | 5.5 HBD |
| Total | 8 HBD | 22.5 HBD | 0.0 HBD | 0.0 HBD | 1.5 HBD | 32.0 HBD |
Fund allocation (HBD)
| Total available | Expenses | Team funds | Delayed funding | Total Stage-4 fund | |
|---|---|---|---|---|---|
| September | 26.5 | 0 | 12.5 | 7 | 7 |
| October | 12.5 | 0 | 9.5 | 1.5 | 8.5 |
Spent hours & funding (HBD)
| Team member | role | new hours | total hours donated | total fundable hours | total pay-out | pending | Total/hr |
|---|---|---|---|---|---|---|---|
| @pibara | dev | 18 | ≈250 | 96 | 12.5 | 9.5 | 0.23 |
| ? you ? | advocate | 0 | 0 | 0 | 0 | 0 | 0 |
| ? you ? | web | 0 | 0 | 0 | 0 | 0 | 0 |
Support the CoinZdense project
As I mentioned in my talk at HiveFest, CoinZdense is a one-man and unfunded project. You can help support the project by :
- Buying project support tokens on hive-engine
- By helping out looking at the 1995 style project website
- By advocating with the different target Web3 ecosystem communities.
- Upvoting my #coinZdense posts on HIVE
- Donating HBD or HIVE directly to @croupierbot
- Donate other crypto on the tipping-jar page
- ($BCH, $BTC, $DASH, $DGB, $DOGE, $DOT, $ETH, $LTC, $QRL, $ZEC)
- Donate veto through PayPal on the tipping-jar page
- (AUD, BRL, GBP, CAD, DKK, EUR, MXN, NZD, SGD, SEK, CHF, USD)
For the potential advocate and web dude (m/f/nb), please drop me a message first before spending hours. Up to 25% of total fundable hours in stage-1 till stage-3 of the project is available for these two roles combined.
Policies for the use of funding
The below policies have been updated slightly (compared to the initial tokenomics plan) in favor of project-support token buyers. This is the September 27 version of the policy.
Conversion to HBD
All incomming funding is periodically converted to HBD. For HIVE and SWAP.HIVE at least once a month, for alternative crypto and paypall donations at reasonable minimal-balance tresholds.
Stage-5 funding
Stage-4 will extend into stage-5 ONLY if remaining funds are likely to suffice to complete an extra language at a per-hour funding level equal to the funding level so far.
Monthly division of incomming funds
Each month, direct expenses will get payed first. I'll try to keep direct project expenses to a minimum. The remaining incomming funds will be divided as follows:
- 25% is set aside for stage-4 funding (other programming languages).
- Up to 50% is used for directly funding hours
- Pay-out for advocacy and web hours are topped at 25% of the total of funded hours.
- Equalizing the per contributor total/hr number takes precedence when payin out to contributors.
- Untill stage-4 is completed, the maximum total funding per fundable hour is topped at 80 HBD
- At least 25% is set aside for and added to next month's funding.
Project support tokens
There are a total of 60,000 indivicable COINZDENSE project support tokens that are sold on hive-engine.
- 80 were airdropped to early supporters of the project
- The rest are managed by @croupierbot (that's also me)
- 30,000 are in a sell-order at a price of 3 HIVE
- 10,000 are in a sell-order at a price of 2 HIVE
- 10,000 are reserved for distribution to project contributors.
- What remains is in a sell order at a price of 1 HIVE
- Any token not in the possesion of @croupierbot has a buy-back order at a price of 0.1 HIVE
- These orders will remain like this till they get filled or the project ends
- When the project ends, after stage-4 has completed, any token in the possesion of @croupierbot will be distributed among contributors according to their fundable hours.
- When the project ends and HBD funds remain, all of the remaining funds are distributed to project support token holders.
Note that this part of the policy has changed to favor token buyers. There is no more extra end-of-project contributor reward in HBD prior to distributing remaining funds, so the total fund return per COINZDENSE token (if any) would be higher.
It remains still important to state though that COINZENSE tokens are meant as project support tokens and NOT an investment.
Report frequency
This is the montly financial report for CoinZdense for the month october. The next monthly report will be posted in the last week of november.