Wownero Funding System Rules #8

What rules should we have for the Wownero Funding System?

Add rule as a quote followed by a justification of the rule.

Tasks should be capable being completed within 30 90 days of the proposal reaching the target funding unless the proposal is a bounty.

Having indefinite, open-ended tasks could lead to mission creep and expanded completion time, which is not ideal because the value of WOW could become volatile.

Proposals should break down estimated costs per item and number of hours for labor per task. The costs should be comparable to the fair market value at the time the proposal is made. The exchange rates are based on the prevailing price of WOW and BTC on TradeOgre and CoinMarketCap. A 10% premium above costs may be added to take into account of volatility.

So we do not get over charged.

Any software funded by WFS will be open sourced under a MIT license authored by the Wownero Project.

This is a permissive license that allows people do anything they want with the code as long as they provide attribution back to the Wownero Project.

I think these all sound reasonable except maybe 30 day time limit - that's
not very long. I do agree with the sentiment, but maybe 60 or 90 days would
be better...or 69 days.

On Wed, Jun 27, 2018 at 6:23 AM, wowario notifications@github.com wrote:

Any software funded by WFS will be open sourced under a MIT license
authored by the Wownero Project.

This is a permissive license that allows people do anything they want with
the code as long as they provide attribution back to the Wownero Project.

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all numbers should be prime numbers

Tasks should have an objectively measurable outcome.

The 8BTC FFS proposal was a complete waste of community funds IMO, because the outcomes were aspirational and there was no way of confirming a correlated effect on making the Monero network stronger, raising liquidity, or attracting more developers/community members.

A donation address should not be included in the proposal that would bypass the WFS mechanism.

Taken from Monero’s FFS sticky

A proposal can begin before it's fully funded.

Taken from Monero’s FFS sticky

Developers can be paid for completed milestones before a proposal is fully funded.

Taken from Monero’s FFS sticky

If a proposal is partially completed by one developer that subsequentlay abandons the project, another developer can take up any outstanding milestones. Developers will be compensated in proportion with the work that has been completed. A proposal is considered abandoned if the developer is MIA for more than 60 days.

Taken from Monero’s FFS sticky

If a proposal has not been fully funded within 60 days, the proposal may be cancelled and any amount raised automatically transferred to the general development fund. However, if a developer has taken on a milestone, the proposal may remain open unless it is later considered abandoned.

There should be an expiration because too many unfunded proposal would clutter up the open proposals list.

Minor amendments may be made to proposals as long it is within the general spirit of the original proposal. However, for major changes, the developer should bring up the proposed change on IRC and open a meta issue. There should be a rough consensus for accepting major changes to proposals.

Things change, so there should be some flexibility in amending proposals.

Proposal Template

Why? - What problem are you trying to solve?
How much? - What is the total cost in WOW? List expenses per item. Total hours of work and per hour rate. What exchange rates are you using?
What? - Describe your idea in detail.
Milestones?- Break down tasks into different stages. Each stage should have the estimated number of days/weeks needed and cost per stage.
Outcomes? - What will be delivered? What goals will be reached?
Why you? - What skills and experience do you have?

If a proposal is accepted; and funds are gathered - but not enough within the time limit of X days, we should funnel the funds into the general development fund.

Before a proposal is moved to 'Seeking Funding' status, an administrator will review the proposal to ensure it is sufficiently detailed and it meets the basic requirements of the WFS Rules. An administrator may ask the developer to clarify ideas or break up tasks into multiple milestones.

This makes sure proposals are somewhat standardized.