Proposal Kickoff: November 1st, 2020
Budget Amount: 10,000,000 SC per month, from block subsidy
Treasury Kickoff: 10,000,000 SC, from treasury
Timeline: Active until Jan. 2022
Leftovers: To be returned to the foundation treasury
I propose that the foundation set aside up to 10,000,000 SC (10 MS) per month to be distributed to operators of community services. The foundation treasury will contribute 10,000,000 SC to kick-start things and take us until the foundation subsidy begins in January. This budget would be locked in until Jan 2022, meaning that a total of 120,000,000 SC will be set aside over 12 months by this proposal. Any funds that are not used in a given month to subsidize our service providers will be returned to the foundation treasury.
I would highlight the following as qualified community services:
- Skynet Portals
The goal of the subsidy would be to offset the costs of running such services. A requirement of the subsidy would be that all code related to the service is fully open source. Closed source services or infrastructures would not qualify. The subsidy is not intended to be a bounty or a payment system - nobody should be getting wealthy from being a service provider - but instead to ensure that people are not losing money by helping the community.
All subsidies would be paid out in siacoins, and it would be up to the discretion of the service provider to either convert the subsidy to cash or to keep the subsidy as siacoin.
I propose a limit of $1,000/mo in subsidies for any given service. I also propose that services making more than $5,000/mo in revenue (whether through donations or other means) do not qualify for the foundation subsidy.
The foundation would have full discretion over who receives the subsidy and how much subsidy is received.