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ARK Treasury proposal

Thu, Sep 26, 2019 9:10 AM | 1 Development - Hardware Submitted by Bruce Hosking
Estimated Work Hours
50
Funding
1000 USD
Status
Rejected

I have spent some time looking at two other crypto projects Dash and NRG. The common theme with these two projects is the treasury fund they create to ensure perpetual funds for their projects. Based on what i have read and learned from other users its quite clear that a treasury funding project is extremely beneficial to give a project stability and credibility.

I realize that ARK has significant funds through the ICO but I believe implementing a treasury fund would really help ARK. The projects that have it use it very prominently in their marketing and it has a significant impact on the success of the project. NRG has grown very fast promoting that treasury idea and DASH is doing very well too.

I would propose a couple of ideas. One would be that each delegate allocate 5% of forging rewards to the treasury, or that ARK team creates a treasure delegate who sole purpose is to forge for funds to be spent on the ARK project.

I believe adopting this model and doing the appropriate marketing with it will help stabilize ARK and give that public perception that the project is very safe to invest in. Time and again i see the comments of others specifically calling out the treasury as a reason for buying into NRG and DASH.

Prerequisites

Requirements

Consensus from delegates to the 5%, or agreement that ARK treasury delegate be created for that purpose

Cost-benefit analysis

marketing this idea will in my opinion boost ARK significantly in the crypto space as it has for other projects who employ a treasury model

Milestones

Design

design by team

Testing

testing by team

Launch Plan

depends on who likes this idea

Support & Maintenance

ark team

Additional Information

Community Feedback

none at this time

Miscellaneous

not applicable

Votes

Approval

There have been no votes for approval yet.

Rejection

There have been 3 votes for rejection by Marc, SuperCool, Drakeler.
Marc Fri, Sep 27, 2019 12:53 PM

This idea is just muppet.


You ask for a political change and want to get paid for doing what actually? Every part of your plan is to be executed by the team or someone else.

SuperCool Wed, Oct 9, 2019 7:35 AM

Unrealistic, you want to get payed for the idea but not for the work.

Drakeler Fri, Oct 11, 2019 7:15 PM

Not ACF task to convince delegate to give up there funds, also I think ARK has more resources then ACF funds.

Leave a Comment

Comments

Mr. Perhaps
Fri, Sep 27, 2019 4:20 PM

This may sound strange, but I don't think the person who submitted the prop is asking for money. I think they are proposing that the ACF pay the ARK Team 1000 USD in ARK to implement this?