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đź’ˇ this proposal puts forward a broad framework for Contribution Accounting and a specific mechanism for the first two phases.
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Definitions:
This proposal distinguishes between 4 phases:
- Genesis: creation of the idea and initial team formation (up to kick-off workshop).
- Bootstrapping: developing the idea up to the moment that funds have been obtained and are approved through a proposal for distribution to contributors
- Post Bootstrapping or Partial Bootstrapping: after funds (obtained from grants/donations, revenue, or debt) are approved for distribution to contributors and before a Valuation Event for the project has taken place.
- Post-Valuation Event: Starting immediately after the Valuation Event and onwards
Note: Currently, RnDAO is in the Bootstrapping phase.
Each Phase gets allocated a % of the contribution accounting, which is then 'distributed’ amongst the contributors who participated in that phase.
(note that no actual distribution takes place, contribution accounting is simply a record for the team to use as they see fit).
Phase 1 - Genesis
Phase 2 - Bootstrapping