What is the budget?
Hi Come-from-Beyond,
Thanks for your question.
Since this is not a typical business model and we believe in a decentralized digital crypto currency, we feel it deserves a unique compensation plan and budget. We also believe in fairness and if we feel someone can add significant value to our project, they should be compensated appropriately. With that said, the budget will depend on the answers we get back from people like yourself since the currency is a critical aspect and must be implemented successfully for the rest of the project to gain traction for the long term. We anticipate that compensation for the developer team will be a significant portion of the budget.
We are a group of "hands-on" people with a vision but we aren't fluent in cryptography, software development, etc. That is why I decided to test the waters for talent here and to better understand the budgetary requirements for the development aspect of this project. I will relay the options to our group and we will decide if it is economically feasible.
I will say that our fundraising ability is sufficient for this concept to be incubated in our first community which is local to us near Vancouver Canada.
If the first stage deployment is successful, we will seek a second round of fundraising (most likely internal) for the worldwide roll-out.
We are more inclined to seek an alterative to PoW since we feel that is wasteful and unsustainable.
Developers can request to be paid in lump sum, equity in the project, or a combination of the two.
I hope that gives some more clarity to our current status and answers your question.
Regards,
djcrypto