CRYPTOPIA FUND BURN
As we updated some time ago, the TRBO allocated from the swap for funds sitting on Cryptopia will be burned. This will happen shortly with 177,121,771 to be burned, this post to be updated with the burn address shortly.
It should be noted that this effectively reduces the circulating supply by 177m, and the total supply which will now be 9,822,878,229.
That leaves us with 552,579,495 TRBO remaining in the development fund. Here is how we plan to allocate this fund now and over the next 12 months.
TRBO DEVELOPMENT FUND ALLOCATION
1) Two (2) TRBO Masternodes (10,000,000) will be set up with all rewards from these nodes going towards bonus payments and rewards on Moments Market for the best Movers and Makers. The collateral for these nodes will remain as part of the development fund if and when we ever need it.
2) One million TRBO per month (12,000,000 over the coming 12 months) will be used to create new tasks on Moments Market in order to ensure Movers remain engaged and traffic to the site stays strong.
3) The original core team (Spy, DRC, chimaera) have all incurred significant expenses in developing and running TRBO and Moments market over the last two years. Some examples include: server hosting (approx. $50 per month), domain registration and renewals, website development and themes, exchange listing fees. To date the team has not taken a single TRBO from the development fund, but the time has come to give some level of compensation for these expenses to date. 20,000,000 TRBO will be distributed to these three team members for these expenses to date (10m to Spy who pays the server fees, by far the largest expense, and 5m each to DRC and chimaera). Spy will also receive one million TRBO per month over the next 12 months (12m TRBO total) as small contribution to server and other expenses.
4) When it comes to giving the team some level of reward, we want to recognise what we have achieved so far. A fully functioning multi-faceted platform with more than 1,400 people registered, almost 4,000 Twitter followers, almost 2,000 Discord members, almost 1,000 Telegram members. To this end we will allocate one masternode to each of the current team members working on TRBO and Moments Market (25m TRBO total): Spy, DRC, Chimaera, Mike-H and FriedPiggy.
5) To keep the team motivated into the future we will introduce a small team 'salary' from this point. One million (1m) TRBO for each of the 5 team members per month. (60m total TRBO over the next 12 months).
6) We'd also like to grow the team presence on Discord and Telegram and as such would like to reward 4 community moderators with a 'salary' of 100,000 TRBO per month (4.8m total TRBO over the next 12 months). We have one appointed so far in Telegram (pitusko) so will be looking to appoint 3 more, likely 1x Telegram and 2x Discord. If interested please get in touch.
IN SUMMARY
Overall this allocates 133,800,000 of the development fund now and over the coming 12 months, plus the 10,000,000 for the MM Masternodes. That leaves 408,779,495 remaining in the fund for future developments and expenses.
The team remains committed to TRBO and Moments Market, with continuous development and a strong use case.
-- TRBO team