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IONcore Developer Fund Signatories/Management/Implementation #14
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As I put this together I off course agree to be a signatory |
Step 1: Understand the current financial position. What are our ongoing costs, liabilities and burn rate. |
I agree to be a signer on this. Currently, the step 1 answer is at a minimum we are ready to move a bit over 3.1mm ION into a multisig for core to control and leverage. I need to do more accounting to make sure it is not missing any and its the right amount. |
LordDarkHelmet I like the structure although I recommend step 3 be step 2 and vice versa. This will help make sure future spend aligns to the defined objective/s |
Sometimes people get 2 and 3 confused. Step 1 and 2 are there to create a baseline. Step 1 establishes current status and commitments, Step 2 looks at future commitments and allocations that are currently known and agreed upon. Step 3 then examines what we would like to do. Any action in step 3 is a delta from our baseline established in step 1 and 2. Each delta needs to be reviewed and budgeted accordingly as they are changes to the established plan. Once the action in step 3 is approved, we need to make sure we are following procedures, or come up with new ones. This is step 4. Step 5 is about execution. Basically, we need to be transparent and report what is going on. Step 6 is our loop, we review current progress and make changes to the plan as needed (Step 3) Perhaps a flowchart is better than text: |
I agree to the proposal. I find it really good that @LordDarkHelmet created some scheme on which we can elaborate, as on one side we can create everything from scratch, on other side we already have a lot of it, maybe good start for step 1 would be evaluation of what we already have. |
Great this issue is complete so in summary I agreed to be a signatory If anyone has any objections let me know within the next 24/48 hours otherwise I will close this issue |
Nov 16 2020 - Meeting Attendee's Huey, Cryptolinux, Korvas Process of ION transfer from Ionomy to Ioncore has begun, funds to be stored in a Multi-Sig Wallet Cryptolinux will create a Multi-Sig wallet for the ION Everyone agreed to Cryptolinux recommendation that we increase the number of signatories from 3 to 5 1 - Huey Public key - submitted Also discussed the need from an additional wallet that would hold funds to support the day to day IONcore running costs Let me know if I've missed something End |
Update Dec 14 Crytolinux setup an MS wallet which we were able to successfully test. The only problem is I let slip my private key so another wallet will need to be created. Dark will set this up, we will test then I will publish details for community review |
Create ion_hash in contrib directory Approved-by: Cevap
Financial Controller Signatories To be reviewed in approx 12mths |
Need to know how much ION IONcore have available. The amount has a fundamental impact on how this project moves forward, so it's something that as a priority needs resolution.
Actions
Developer Fund Signatories
Huey
Ionomy Visionary
Ionomy aware of how IONcore spends the ION.
Avoids duplication of effort with whatever Ionomy is working on
Encourages people in Ionomy to contribute when they see leaders collaborate
TOR
Ion Visionary
Has the expertise to evolve ION into a ground-breaking world-leading cryptocurrency
Has an intimate understanding of the development process
Has a history of turning ideas into reality.
Saved ion
Korvas
A respected member of the community
20+ years of success in Sales, Marketing & Business development
10 years Intel
2 years VideoLogic/Imagination Technologies
12 years Creative Labs
Involved in cryptocurrency since 2013
IONcore Financial Controller
LordDarkhelmet
A respected member of the community
Has the expertise & trust to be able to set up and manage IONcore Developer fund
Additional comments
Projects reviewed on a case by case basis.
IONcore will be able to define and implement a bounty list.
Milestone End Nov 2020
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