On Monday 8 July 2019, BET (BOS Executive Team) held a meeting to review four proposals which have met the community referendum vote threshold. The meeting signaled the approval of four worker proposals in the system and resulting in 3 proponents due to receive WPS fund soon.
During the meeting, each proposal was voted on in turn by BET with more than half BET attendees giving an approved vote.
During the meeting, each proposal was voted on in turn by BET with more than half of the 17 BET attendees giving an approved vote.
The vote results are as follows:
- BOS On-Chain Worker Proposal and Escrow system by EOS NATION 13/17 YES
- Community Governance & Daily Operations by BOS Pacific
- BOSCore WPS global promotion by BOS Pacific
- Mansa: BOS Community Management by Mansa Capital,
Proposals 1 to 3 above are completed and the WPS funds will be transferred to them, proposal number 4 has been approved and proceeds to the proposals stage 3, which upon completion funds will be transferred to them, all funds are transferred by BOS multi-sig.
The four, mainly governance and community-related proposals, had already reached and maintained a 40% community referendum vote threshold for 20 consecutive days to qualify for the next step in the process of the BOS 100 million referendum fund.
The review process for funding is a part of the checks and balances of the referendum system, in which proposals either get funding approved following the review or move to an audit process in which elected auditors to give an opinion which is then voted on by BOS Block Producers.
Fund payment process points:
BOSCore Executive Team checkpoints:
- Testcase coverage, whether the test passed?
- Whether the coding quality is up to standard?
- Whether the specified functions in the proposal are fully implemented?
- Is there a security bug?
The four approved proposals are as follows:
BOS On-Chain Worker Proposal and Escrow system.
The proposal by EOS Nation for the deployment of the BOS on-chain referendum and worker proposal system to the BOS Mainnet. Based on the EOS referendum system and innovations by eosDAC, EOS Nation deployed the system enabling token holders to request funds for proposed work.
- BOS Referendum Contract
Based on the EOS Referendum contract known as EOS Forum, and described as a simple forum, messaging and voting system for EOS. The purpose of the referendum contract is for the submission of proposals and maintaining the votes.
- Vote Tally Contract.
The Referendum Tally contract keeps a score count of proposals in the referendum contract.
- Escrow Contract.
Escrow contract is essential to take custody of BOS funds assigned to qualifying proposals that have successfully passed community referendum and progressed to the development stage.
- Auditor contract.
There is an auditor contract that is used for the registration of BOS auditors, and their auditor profiles. Auditors are required to stake 100 BOS, and BOS account holders can vote on eligible auditors.
Funds applied for 515,000 BOS
BOS Pacific will launch the BOSCore core governance community, call on the partners who are interested in governance in the BOSCore ecosystem to join the BOSCore core governance community BCAC.
- Governance community expansion
- Commission establishment & committee development
- Media announcement
- Community bounty
Funds applied for 530,000 BOS
BOS Pacific launched the BOSCore core governance community and call to partners, interested in governance in the BOSCore ecosystem with invites to join and build the BOSCore core governance community.
- Promotion of BOSCore referendum system
- Recruitment, election, and establishment of auditors
- Community presentation of the proposal
Funds applied for 350,000 BOS
Mansa Capital an integrated marketing specialist for blockchain projects, made the proposal with a goal to create BOSCore’s unique brand strategies, operational solutions and long-term brand public relations and community management processes.
- Develop a community growth plan
matches equipment, tools, and people according to the plan.
- Develop a community’s operational promotion plan
implement activity rules according to the community operation system based on parallel ripple model and the ranch theory, and improve the community activity together with the PR schedule and activities.
- Converting end users into BOSCore supports
through the community brand activities, educate the user’s perception of BOSCore, and complete the process from get to know to understanding, to the supporters, and eventually to word of mouth.
- Within 3 months
Chinese community users will be organically grown to 60,000 people, and the community will be effectively communicated and managed according to brand needs.
- Promote the BOSCore community brand
PR planning and activity planning within three months.
Funds applied for 800,000 BOS
The total amount of funding for the four proposals amounts to 2,195,000 BOS. The BOS referendum and WPS system have a goal of releasing 100 million BOS into the EOSIO ecosystem.
More details on the BOS referendum can be found here.
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