Q4-2023 Payout Proposal
Overview
Projected Budget
Virtual Unconference Projected COS
Actual Budget
BanklessDeSci Multisig Contract Addresses
Income
Fixed Expenses
Variable Expenses
Profit & Loss Calculations
Summary
Overview
BanklessDeSci raised funds in Q4-2023 to support production of a Virtual Unconference event and ongoing growth of our membership. This proposal seeks to compensate members for their contributions.
Projected Budget
BanklessDeSci began on a volunteer basis with an objective to fairly reward contributors for their contributions. Throughout production of the event and growth of the community, an effort was made to leverage the skills and knowledge of community members over external closed source software solutions. We originally intended to achieve a baseline contributor remuneration rate of $20 USD equivalent + 1000 $BANK tokens per hour. However, we did not obtain grant funding from BanklessDAO in $BANK tokens, partially due to the branding dispute with HQ. We do not expect to receive $BANK in the future for the proposal we submitted.
Virtual Unconference Projected COS
- Marketing
- Social media, 2hrs/week for 8 weeks @ $25/hr = $400
- Design graphics for breakout rooms and sponsor slides
- 10 hours @ $25/hr = $250
- Post-production
- Welcome and Keynote = 1hr video
- Breakout rooms, 8 x 2.5hrs each = 24hr video
- Closing remarks = 30min
- Estimate 2x time to edit & publish as length of content = 51hrs @ $25/hr = $1275
- Operations
- Recruiting, vetting, and scheduling speakers
- 4 hours per week for 8 weeks = 32hrs @ $25/hr = $800
- Hire moderators (8)
- 8 people x 4 hours = 32hrs @ $25/hr = $800
- Develop an open-source event hosting platform (next.js app) deployed using Vercel that leverages Supabase and a headless CMS (Storyblok).
- Developer hours 40 @ $25/hr = $1000
- Vercel Teams = $20/mo x 2 users x 3 months = $120
- Supabase Pro = $25/mo x 3mo = $75
- Storyblok (headless CMS) = $91/mo x 2mo = $182
Minimum estimated cost to produce the entire event > $4900
Actual Budget
BanklessDeSci Multisig Contract Addresses
- Ethereum Mainnet (Safe): 0xFE0A3804cf9b35b9069F8D76b07ecBEd2f32
- Deployed on 11-9-23
- Balance = $3,498.81 USD stablecoins on 3/15/24
- Optimism Mainnet (Safe): 0x20C914845d40cd31e72380A3704a2414E75aE607
- Deployed on 11-9-23
- Balance = $0 on 3/15/2/24
Line items for all income and expenses in Q4-2023 are included below.
Income
We obtained both grant funding and event sponsorship in Q4-2023.
Total Income ~ $4208.63
Elijah = $360.9
- Moderator Payment to Aescobar = $75 USD
- Moderator Payment to McEal - $75 USD
- Website Domain - $30 USD
- Miro Business Plan (1mo) - $20 USD
- EVmux Streaming Studio (1mo) - $99 USD
- Deploy Eth Mainnet Multisig - $61.03
- Deploying Optimism Mainnet Multisig - $0.87
Michael = $1.39
- Gitcoin GG19 gas fees
- Create Project on PublicGoods Network: $0.97
- Withdraw & Transfer to Multisig: $0.42
Michael (kryptoshrimp) documentation of txns to be reimbursed
Total Fixed Expenses = $361
Variable Expenses
The following hourly estimates were reported via Telegram chat as combined contributions to both community growth/admin and Unconference event production. Details are recorded in .
Accounting Entries
| Contributor | Role | Hours | Payout (USD) | Fixed Expense | Total |
| Nahue | Developer | 34 | $680 | ㅤ | ㅤ |
| Elijah (flowscience) | Project Manager, Multisig | 80 | $1600 | $360.9 | $1960.9 |
| Nishant | Operations | 19 | $380 | ㅤ | ㅤ |
| Daniela | Design | 14 | $280 | ㅤ | ㅤ |
| Renee | Bizdev, Multisig | 10 | $200 | ㅤ | ㅤ |
| Michael (kryptoshrimp) | Marketing, Multisig | 10 | $200 | $1.39 | 201.39 |
| Ana | Ops Support | 5 | $100 | ㅤ | ㅤ |
| Olokoji | Video Editor | 5 | $100 | ㅤ | ㅤ |
| CryptoReuMD | Multisig | 5 | $100 | ㅤ | ㅤ |
| MantisClone | Multisig | 5 | $100 | ㅤ | ㅤ |
| Amanda (Homie) | Bookkeeper | 2.5 | $50 | ㅤ | ㅤ |
Total hours: 189.5 @ $20/hr = $3,790
The payouts for hourly contributions were adjusted from our original goal to avoid exceeding income earned for Q4-2023. Elijah agreed to halve his contributor hours (originally estimated ~160hrs), which resulted in $3790 total expense for hourly contributor remuneration.
Total Variable Expenses = $3790
Profit & Loss Calculations
Total Income ~ $4208.63
Total Fixed Expenses = $361
Total Variable Expenses = $3790
Total Expenses = $4151
Profit/Loss: $4208.63 - $4151 = $57.63
Summary
All goals were achieved. BanklessDeSci raised funds in Q4-2023 to support production of a Virtual Unconference event and ongoing growth of our membership. This proposal seeks to compensate members for their contributions and successfully accounts for all income and expenses for Q4-2023.