General information
As stated in proposal 19, the developer, in addition to the salary, receives $6,000 in TORN tokens, to compensate for the costs of the project, for example: uncensored RPC, servers that host the project website and third-party work, such as services of a translator to create chinese documentation.
It was originally planned that this amount would be enough, but the force majeure factor was not taken into account: due to project being hacked, which led to TORN token price drastically falling by more than two times since proposal 19 ($7.2 → $3.4). Beacuse of the hack, drop-in fix contracts were deployed to mitigate the impact of the hackers actions, which required paying a large commission for gas.
Current expenses
- Server expenses before proposal 19: $150 from developers own wallet for the first + $150 for the second month (tx link)
- RPC payment (currently being tested) - 1000$ (tx link)
- Payment for the Gnosis and Avalanche RPC server - $350 (tx 1, tx 2)
- Locking more than 200 TORN in Governance: In order to create proposals, you need to have more than 1,000 TORN on your balance. Also note that 880 TORN were locked by the developer using their personal funds (tx link)
- Payment for commissions of contracts creation and execution:
- Testing various functionality before/after changing the code of various project services (Nova, classic-relayer, and so on):
- Username purchase for official Telegram Chat - $250 (link)
Future mandatory expenses before next quarter
- Payment for the deployment and execution of proposal 25, which is aimed at rolling back the state of staker rewards to the “before the hack state”: more than 30mil gas as of now, approximately from $1.000 to $2.500.
- Payment for the deployment and execution of proposal 26 (ENS updates) - the exact amount is unknown.
- Payment for the deployment and execution of proposal 27 (curved instances & fee update) - the exact amount is unknown.
- Payment for RPC service for another two months - $2.000.
- Payment for servers - about $500.
Keep in mind that these are only mandatory expenses, likely, some others will also arise.
Proposal
https://git.tornado.ws/Theo/proposal-24-costs-reimbursement
Allocate $6.000 to compensate for expected expenses in the remaining two months of the current quarter. In case there is anything left of the allocated amount by the end of the quarter, the next quarterly reimbursement will obviously be less.
Where’s the reward for T-Hax?
I know a lot of people are wondering why T-Hax hasn’t already been rewarded (remuneration, whatever you call it) for being a great community contributor T-Hax, who actively participates in improving the project (joint work on proposal 22, implementation of proposal 26), helping users on the forum and completion of several tasks from the bounty program: such as the SDK.
As he stated, it’d be better to award him when he contributes more to the project - after the implementation of proposals 26 & 27. Since this is solely his decision, we will discuss this issue later.