This proposal is for the next 7 budget cycles.
105,000 MUE each cycle (14 days) for the next 7 cycles, making a total of 735,000 MUE.
The MUE project has many costs to keep it not only running on a day to day basis, but more importantly building and growing it.
This proposal is the request for project funding for the next 3 months.
The funds from this proposal, based on current prices do NOT pay to keep the project running, but do contribute significantly.
Until the MUE price is of a $ price of around $0.07 to fully sustain the projects costs, this proposal will be requested every quarter for renewal to keep the project running.
As for the past 4+ years the remaining costs will be covered in the main part by myself & some of the core team, and as always any donations would be very welcome (pm @Byron#7437 in discord - Byron#7437).
For those of you with little experience/knowledge of running a large multi-million dollar project like this, costs are multiple and large, examples of which are;
(It's important to note none of the core team have ever been paid - in time it is only right this changes)
Back up solutions
3rd party service fees
Legal costs (our last legal bill was $20k for compliance)
Conferences (CoinFest UK 2019 - at current price requires 480,000 MUE)
For those of you with concerns that other people cannot make proposals, we ask you check out StartMy.io which was created to cater for these very circumstances, and unlike budget proposals does not require 500 MUE fee.
We will also allocate UPTO 10% of our budget fund to donate to worthy campaigns on StartMy.io which in turn will help grow that platform.
Without allocating these funds to the project we cannot continue to grow and show the rest of the world that we are not afraid to "be the first" to do things, or push the boundaries, or try to do better than has come before.
But not just that, because, without these funds the day to day operations of the project, the devs who work so hard for us and its wider ecosystem will be severely affected.