I’d like to start talking about the milestones that we can use to trigger rewards payments for some of the grant funding that we’ve received.
We need to reach a consensus on:
- What the milestones are
- How much / what percentage of our reserve we should pay out for each milestone
We should aim to find a happy middleground between rewarding contributors for the work they’ve already done vs incentivizing ongoing contribution.
One thing to consider is that colony rewards are global. They can’t be triggered for individuals or small groups (at least, not without a coordinated, deliberate, and trustful effort), so we should aim to pick project level milestones that are relevant, rather than more granular milestones based on a small number of people’s work.
The first milestone that makes sense to me is the first PoC round. But I worry that might be too far off and people may start to lose interest if we don’t start distributing rewards sooner; everyone has bills to pay and other paying opportunities, so we need to make sure they can prioritize this work.
Any suggestions on a some more granular milestones between now and PoC?