ContinuumDAO Forum
    • Categories
    • Recent
    • Tags
    • Popular
    • Users
    • Groups
    • Login

    Decentralized Governance Incentive Framework Proposal

    Scheduled Pinned Locked Moved Proposals - Treasury
    13 Posts 5 Posters 2.5k Views
    Loading More Posts
    • Oldest to Newest
    • Newest to Oldest
    • Most Votes
    Reply
    • Reply as topic
    Log in to reply
    This topic has been deleted. Only users with topic management privileges can see it.
    • J Offline
      Jerry
      last edited by Jerry

      Goal

      Token Allocation: Distribute CTMDAOVOTE tokens to contributors excluding Full-time Contributors who received allocations in August 2023.

      Rationale

      • Alignment: Balances recognition of past contributions with incentives for ongoing engagement.
      • Governance Clarity: Formalizes contributor tiers and exit protocols to ensure fairness.

      Background

      Since the discontinuation of USDT salaries in September 2024, multiple contributors have sustained efforts toward ContinuumDAO’s mission, driven by conviction in the project’s long-term success. This proposal aims to:

      • Recognize their contributions.
      • Incentivize progress toward mainnet launch and TGE.
      • Establish a performance-based reward system distinct from monthly payments.

      veCTM Distribution Tiers

      Tier Criteria veCTM Allocation
      Tier 1: Core Contributors Lead major DAO initiatives (e.g., guild operations, governance optimization). Must demonstrate measurable impact. 0.05%–1% of total veCTM supply
      Tier 2: Active Contributors Regular contributions (~20 hrs/week), active meeting participation, and cross-guild coordination. 50,000–100,000 veCTM
      Tier 3: General Contributors Deliver ≥2 production-ready outcomes integrated into DAO products/services. 5,000–20,000 veCTM

      Special Recognition

      The ongoing contributors to the project, Lex and Arkman, are formally recognized by the DAO contributors and members. This proposal includes:

      1. Adding them to the core-contributor group
      2. Allocating tokens for their past contributions

      Both will receive 0.5% of veCTM rewards as compensation for their achievements.

      New Core Contributor Initiation & Existing Contributor Exit Rules

      1. New Core Contributor Initiation
        • 0.05%–1% veCTM allocation based on role and impact.
        • Eligibility: 6 months of consistent contributions.
        • Process: Documentation submission, community forum pitch, and DAO vote.
      2. Existing Contributor Exit Rules
        • Departing Core Contributors forfeit tiered rewards and receive 0.01%–0.1% veCTM based on historical performance.
      1 Reply Last reply Reply Quote 0
      • U Offline
        Ulliee
        last edited by

        This is the way!

        1 Reply Last reply Reply Quote 0
        • S Offline
          sanderrrrr
          last edited by

          0.05%–1% veCTM allocation > is this of the total floating veCTM? And for the core contributors together of per contributor?

          SelquiS 1 Reply Last reply Reply Quote 0
          • SelquiS Online
            Selqui @sanderrrrr
            last edited by

            @sanderrrrr Per contributor. We should make this clear

            S 1 Reply Last reply Reply Quote 0
            • A Offline
              Apxymous
              last edited by

              Received each 500k veCTM? If this is the case it’s too much in my opinion. I also think the veCTM Distribution Tiers are quite too high. I remember the value for 1 CTM equal to 1 USD. Contributors were offered half payments in CTM that was theoretical 1:1 to USD. With 50% added penalty for veCTM to CTM you’re giving the new contributors $250k value in rewards.

              1 Reply Last reply Reply Quote 1
              • S Offline
                sanderrrrr @Selqui
                last edited by

                @Selqui Thanks for clarifying that. 1% seems pretty extreme. I would limit that.

                1 Reply Last reply Reply Quote 0
                • SelquiS Online
                  Selqui
                  last edited by

                  We are currently offering the VCs tokens at a Fully Diluted Valuation of 20 million USD, so each CTM is equivalent to 0.20 USD. Hopefully the value will increase to 1 USD and more after TGE, but those helping to build our products now deserve the same terms (in my opinion).

                  Arkman has worked for more than 1 year on the frontend for AssetX, as well as the homepage for ContinuumDAO, the C3Caller page, the MPC Dashboard and the veCTM Staking page. So far he has only been paid less than 5k USD in total. He believes in the project and I will certainly vote in favour of awarding him 500k veCTM now and another 500k veCTM at TGE, assuming that he continues working as he has been (I am sure he will). Regarding Lex, our new legal web3 expert - we cannot successfully launch our RWA Security issuance platform without his experience. Securities are heavily regulated and our existing DAO core contributors have no experience in legal matters. He is also advising us on incorporation and he came to us with his excellent idea for Lawracle that will benefit us all. I will certainly be voting to give him 500k veCTM now and another 500k veCTM when we go to mainnet with Lawracle. Let's keep the big picture in mind. We need Arkman and Lex in our DAO.

                  1 Reply Last reply Reply Quote 0
                  • A Offline
                    Apxymous
                    last edited by Apxymous

                    I thought hal0177 did the staking page? Or are hal0177 and arkman the same person?

                    SelquiS 1 Reply Last reply Reply Quote 0
                    • SelquiS Online
                      Selqui @Apxymous
                      last edited by Selqui

                      @Apxymous Hal did the smart contracts part and he is developing the Governance frontend at the moment. He may incorporate a newer version of the staking into this new Governance frontend

                      A 1 Reply Last reply Reply Quote 0
                      • A Offline
                        Apxymous @Selqui
                        last edited by

                        @Selqui Ah, okay. Well I didn’t know Arkman was working over a year now and only received so less. But there is only 3% left from the 15% for Core contributors? Is that correct? I still think these numbers are on the big side and risky incase these contributors want exit. After Losing 50% with penalty they still got a big size to dump. I rather have them vested started at day1 TGE. Like giving them 50k veCTM per month instead of 500k in one go.

                        S 1 Reply Last reply Reply Quote 1
                        • S Offline
                          sanderrrrr @Apxymous
                          last edited by

                          @Apxymous The vesting is an excellent idea.

                          1 Reply Last reply Reply Quote 0
                          • A Offline
                            Apxymous
                            last edited by

                            I don’t know what was promised before they joined. If they were promised already they should receive for their work. There is only 3% left for future contributors. If we gonna use up to 2% until TGE then there isn’t much left for future contributors. If we can use “some” of the allocation from the departed core contributors then we don’t have to use the 3% what’s left.

                            SelquiS 1 Reply Last reply Reply Quote 1
                            • SelquiS Online
                              Selqui @Apxymous
                              last edited by

                              @Apxymous We certainly will use the allocation from departed core contributors if this proposal passes. We will have a vote at TGE to decide how much of the CTMDAOVOTE tokens convert to veCTM and therefore how much ex core contributors will receive, but in this proposal, it is suggested that it will only be a small amount, capped at 0.1% (100k veCTM).

                              1 Reply Last reply Reply Quote 2
                              • SelquiS Selqui moved this topic from Ideas & Suggestions on
                              • SelquiS Selqui locked this topic on

                              Hello! It looks like you're interested in this conversation, but you don't have an account yet.

                              Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.

                              With your input, this post could be even better 💗

                              Register Login
                              • First post
                                Last post