As the year draws to an end and in the shadow of a bear market and the FTX debacle, I’ve had an opportunity to reflect on where Function X has come over the year and its direction ahead. One thing that stands out to me and that has made us a survivor and builder is our commitment to being a DAO – a Decentralized Autonomous Organization. It’s a journey and I think we’ve made great progress on that journey by means of our governance voting system and ongoing attention to security and risk management. We will continue on that path.
In addition to the “fun” part of governance, like voting to support new projects, implementing technical innovations and expanding our scope of token coverage, we are also responsible – as a community – for the nuts-and-bolts operations of Function X. In that regard, we will be putting forward a proposal for allocating 3 million $FX for operations and year-end bonuses, which is ~USD$525,000. We hope the community will support this proposal when it is put forward. In the meantime, we would welcome any constructive input on this proposal from the community.
The approximate proposed allocation:
25% Function X chain team
15% Smart Contract & DevOps team
15% Marketing and Operations team
15% f(x) Wallet team
15% Starscan Explorer team
15% other dev teams (incl test engineers, p(x)change support team)
Thank you again for your continuing support and early wishes for a Happy, Healthy and Prosperous 2023!
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Disclaimer: This poll is just a tool to get the sentiment around this proposal and it will NOT affect on-chain voting in any way. If your proposal is getting a good sentiment around the community, it might signal that the proposal is good to go to the next phase, otherwise, some modifications might be necessary.