Prime Development Cycle 6 Reputation Update

This proposal aims to update the PrimeDAO Voting Power (REP) to reflect the contributions made in Prime Development Cycle 5. The main stakeholders who are eligible to receive REP are A. Prime Seed Contributors and B. Prime Development Cycle 3, 4 & 5 Contributors.

Background & Motivation

PrimeDAO has recently moved to a new Governance mechanism, combining
Snapshot/Boardroom with a custom-made Gnosis Safe module that allows for PrimeDAO to mint and burn non-transferable voting power.

This proposal aims to update the PrimeDAO Voting Power (REP) to reflect the contributions made in Prime Development Cycle 5. The main stakeholders who are eligible to receive REP are A. Prime Seed Contributors and B. Prime Development Cycle 3, 4 & 5 Contributors.

Click for an overview of the proposed REP burn and mints.

1. Prime Seed Contributors

To actively engage and welcome the Seed Round contributors, we propose allocating REP to the contributors based on the amount contributed as displayed in the table below.

Amount Prime Amount REP
1%-1.5% 250
0.51%-1% 200
0.25%-0.50% 150
0.01%-0.25% 100

2. Prime Development Cycle 3,4 & 5 Contributors.

Rewards for Prime Development Cycle 3,4 & 5 contributors In line with the standards defined in the Roles and Rewards established by PrimeDAO in Prime Development Cycle #2.

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