Tracking [Sphereon-8] Core Development Continuation

Chappie

Factomize Bot
Secured
#1
This is your grant tracking thread. Below, you will find information from your original grant.

Grant Proposal
https://factomize.com/forums/threads/sphereon-8-core-development-continuation.2524/

Team Member or Entity Forum Username
User: Sphereon
FCT address: FA3igxrULYqL5w4oq9vXwWzWURtvejfYh64iPZaeRqZfLpFdkFgD
FCT: 14909

Total FCT Requested
14909

Start Date
2019-12-02

Completion Date
2020-02-28

Success Criteria
  • 1 medior developer Available Full-time
  • 1 senior developer Available Part-time
  • Working on core code, with Factom Inc and/or other developers
  • Coordination with Factom Inc and other developers on coordination of core development

Timelines and Milestones
Senior core developers contributing to core code
immediately​
Medior core developer contributing to core code
immediately​

Budget
As we believe community core development (and therefor this grant) is crucial for the future of the Factom Protocol we provide ½ FTE for free and have heavily discounted our standard hourly rate.

Discounts:
  • Because of this quarter’s limited grant-pool we reduce our hours worked from 2 FTE to 1,5 FTE (747 hours).
  • Because of the importance of the continuation of decentralized development work, we will provide ½ FTE for free.
  • Furthermore, we apply a 25% discount on our regular rate.
  • Based on the other core development grants and the overall grant pool, we further increase our discount to a total discount of 63%.
View attachment 2170

For this budget we have calculated with an exchange rate (USD 2.50) for the FCT/USD. For those questioning the rate of $ 2.50 and the potential ‘profit’ in case the exchange rate would increase between now and the time of payout, please be aware that the exchange rate could again fall resulting in a considerable ‘loss’, as happened during our previous grants.

We request 22.140 FCT for the continuation of this grant for this 3-month period.

We reduced our request with an additional discount of 5,740 FCT to 16.400 FCT for the continuation of this grant for this 3-month period for 747 hours (1,5 FTE) of core development work.

Because of the good news around PagNet, the exchange rate has risen in the past days and we feel comfortable to raise our rate from $2,50 to $2,75, further lowering our request to 14,909 FCT for the continuation of this grant for this 3-month period for 747 hours (1,5 FTE) of core development work.