ContinuumDAO Forum

Well done Hal. There is one thing I want to comment. That’s the payments. Sorry, if I look offending but I’m not. Just want to share my opinion. The USDC payment seems on the low side and the veCTM payment seems on the high side. Because there is no market yet for the veCTM token we don’t know the actual value. But in my mind I have value veCTM locked for max years at $1, but that’s me. I suggest maybe we can change a bit for the payment. More USDC and less veCTM. Are you okay with 10,000 USDC and 15,000 veCTM or 12,000 USDC and 10,000 veCTM? I think with the current global economy we all could use some stability. This just an idea from my side and I probably understand why you asked for 4000 USDC per month and not higher. The core team probably suggested to pay maximum of 4000 USDC per month. I think we should pay you more in stables because this work will be very important for the Continuumdao. You can work at ease without thinking of financial obstacles. It’s still up for you to decide to change the payments. I’m very excited to see the work in 2 months when it’s complete.

Definitely a must when RWA assets require licenses.

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Thank you for the expense report Jerry. Can you explain how veCTM is calculated? I see starting from February veCTM is been used for rewarding contributors.

@Selqui I totally agree. I was typing to slow and missed your message

I think it’s a great idea! Well done!

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.

Let’s go for it! I would suggest a $5 fixed fee or $0.005 per byte. But fee prices we can discuss later on.

@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.

@Selqui That is also a good idea. Selling the engine and have a share in the fees. It’s like a franchise business.

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.

I would like to nominate myself, Selqui and John CTM for the election to the committee. Thanks.

If we could implement a fixed fee and they get CTM or Theia tokens if they overpay a transaction and have it airdrop on BNB chain. I think BNB is most used after ETH chain and probably everyone knows it. I don’t know if we can build something like this that’s calculate how much a user paid and return him the remain dollars in CTM or Theia on BNB chain. User can decide to keep the CTM or Theia or sell them on the market. We sure need liquidity on BNB chain for CTM or Theia.