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SuperNETx2 and the Centralized Product Management Team (CPMT)
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Author Topic: SuperNETx2 and the Centralized Product Management Team (CPMT)  (Read 8498 times)

valarmg

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SuperNETx2 and the Centralized Product Management Team (CPMT)
« on: January 03, 2015, 12:35:04 pm »

I created a thread for discussion of the new x2 asset and the payments to the CPMT.

[Funding Request]

Asset name: SuperNETx2

I would like to create a SuperNET backed asset that is 1:1 convertible for SuperNET on demand. Additionally, it would receive the previously unallocated 5% SuperNET revshare. By using the 5% of assets for the missed bonus, this 5% revshare will make this asset receive double the SuperNET dividends, so when dividend valuations dominate the pricing, it will be worth 2x SuperNET. With the backing of 1 SuperNET, it is worth at least 1 SuperNET. Market price is expected to fluctuate between 1x and 2x SuperNET pricing and provides a barometer as to the market's sentiment as to how large a part of the market price is based on future dividends. If the market assessment is zero, it will trade at 1x, if the market assessment is that SuperNET dividends are the dominant valuation factor, it will trade very nearly at 2x.

This asset will not be dividended out, but rather earned. The v1 dev team is hampered by the need for real world expenses, eg. RL. So if SuperNET is to have a reliable release process, it needs to properly fund such a group. By using a SuperNETx2 asset as payment, it will reduce selling pressure on SuperNET as it is redeemable at 1x, but could be worth up to 2x, so only people who are desperately needing SuperNET to BTC/NXT would ever sell it. I expect there to be an immediate market for this, so people could just directly sell their SuperNETx2 and since the secondary market will most likely be above SuperNET price (otherwise they can just redeem).

It is a fine balance required between the decentralized community versus getting a specific product out in a timely fashion. I think the redhat using linux is a good analogy. redhat is using the output of the decentralized linux community, but it itself has to have all the normal structure of a standard organization.

The details of how the budget will be used has not been finalized. The timeframe is that it should last for 2015, also that it has the ability to allow for the decentralized community to use a tipping mechanism to allocate part of the budget. This incentivizes tip earning behavior and would be the only way people outside of the product management team is able to earn SuperNETx2.

product management members can choose to receive BTC or SuperNETx2 at CMC price for SuperNET at time of payment
I am assuming that by the time the 100 BTC runs out (or immediately!), the extra revenues for SuperNETx2 will make it the more desirable form of payment anyway.

Assuming SuperNET (or BTC) price goes up significantly, the 40K SuperNETx2 will last longer than 1 year. By the time the SuperNETx2 is fully earned, then we will hopefully have many people who are able to survive based on the dividends they are receiving.

The product management team will self-evaluate each other to make sure that everybody is providing the availability and productivity expected. The community will have the ability to suspend overall payouts in the event of, well, I think this is something that is hard to define all the possible triggers as to what is severe enough to warrant such a suspension. So, I think a simple process where anybody can post here that they are wanting to suspend the payouts to the product management team and if they get 4 committee votes, then the payouts are suspended pending review, correction, etc. Specific details on what needs to be done to be determined on a case by case basis, with myself holding some sort of tiebreaking power if there is no consensus that is achieved on the resolution requirements.

40803.05 total assets 1:1 redeemable for SuperNET
additionally 5% revshare combined with the normal SuperNET revshare to be passed through to holders
and 100 BTC allocated for short term payments

I would expect a community ratified product management team and budget to be in place before any actual disbursements are made. I have allocated the remainder of the 57 BTC discretionary funds as a bridge payment to keep things on track. The asset would be created and funded as soon as the approvals here are obtained.

This is a very important initiative and puts in place a professional management team for the product release cycle, while still retaining the decentralized nature of SuperNET. For now, getting the overall budget approved is the priority to make the compensation real. Then I suggest that the product management team can discuss the details of budgets, personnel, etc. here until there is consensus that is then ratified by the community.

I really do not want to have to get bogged down in day to day, or even week to week funds management issues. So once this is approved, I would like to have the committee approve the product management team payouts using a less formal process than 4 votes. Maybe just any committee member can be making the approval, but we honor any dissenting opinion with some civil discussions. The key to me is that I am just making a pre-approved lump sum payment, which then gets distributed as earned. Essentially I would just be providing escrow function for this and when Phasing is available, I plan to just put it all in a Phased account and then I wont even need to be involved in this part at all.

James

[Funding Request]

Please find below the details for the proposed income levels for each CPMT role. The simplest way to cover for personnel changes in different positions is to pay the income for the role performed, hence the use of multiple requests concerning the same people in some instances.

These roles have been identified and evaluated based on the activities of the last couple of months and the anticipated needs for the immediate and the short-term. As has already been mentioned, the proposed 12-week cycle is intended to both deliver on the needed sNET GUI fully-dual-mode completion and establish proper operation, management and control systems for the critical components, essential to the operation of the superNET GUI which is, to begin with, the MGW.

MGW server operators (Bitstarcoin, Bassguitaman, PNosker) - Each of these people operate one of the three MGW servers set up to provide the core multi-wallet function for the sNET GUI. They will be responsible for regularly reporting in to the MGW Supervisor/Mgmt positions on the status of their server and ensure that their server is secured and stable at all times. Where cross-server work is done, namely, where one server operator has performed work on another operator's server, the checking and maintaining of security-related codes and keys will be the responsibility of each operator for their own server. MGW Supervisor/Mgmt staff will provide for contingency fall-back in the event of a MGW server operator deviating from the required level of operation/maintenance and their operators position will be reviewed and revised if necessary.

MGW operator income per week is requested for each of the three operators to meet the equivalent of 350 Euro, with 100 Euro to be paid in BTC and 250 Euro to be paid in SNETX2 shares.

There is a fourth MGW server, the bridge node, which will be operated and maintained by Frohike and also warrants the same payment structure.

MGW/Security Management and Supervision (Vanbreuk and Frohike) - Both of these roles are essential to the need for oversight of the MGW triplet operators, as well as Vanbreuk providing for oversight of the bridge node operated by Frohike. These two roles will incorporate the implementation and operation of proper controls relevant to the functioning of live critical systems, in that once a stable MGW is achieved, arbitrary alterations and down-time of the live servers will not be permitted. These two roles will be responsible for the testing and controlled implementation of new functions and features to the MGW and related systems.

MGW/Security Management and Supervisory role income per week is requested for each of the two positions to meet the equivalent of 900 Euro, with 450 Euro to be paid in BTC and 450 Euro in SNETX2 shares.

ICAN Continuous-delivery and control infrastructure implementation and management (Frohike) - Central to all superNET project operations, particularly in terms of a commercial-level standard of critical system development, management and improvement, this structured methodology of working will create an environment capable of regularly delivering on product/technical advancements, while maintaining systemic controls to ensure the proper testing and managed implementation of proposed changes to live systems. These process will deliver broad scalability to the project management and production, allowing for unbroken progression and expansion.

ICAN Implementation and Mgmt income per week is requested at the same rate as for that of MGW/Security Management and Supervision role.

Graphical Design contractor (Eth) - Anyone who has seen a preview of the superNET v1.0b GUI will attest to the intuitive user experience being formed within Eth's initial design layout. Whilst already reimbursed for the work done for this core layout, the GUI will need further enhancement and development in order to incorporate essential sNET features and advanced services. A 12-week cycle at a rate still considerably less than market, will see all Graphic design work completed that is needed to maintain the quality and professional feel of what is intended to be the ultimate superNET client and the only client a user needs irrespective of their knowledge level. Coupled with being retained at this rate for the complete superNET GUI clients (desktop/mobile), this role will also serve to benefit ancillary areas of the project in need of occasional graphics work or design assistance.

Graphical Design contractor income per week is requested to meet the equivalent of 1800 Euro per week, payable 50/50 BTC/SNETX2

Payment per-week overview:

Bitstarcoin - EUR350 (EUR100 in BTC, EUR250 in SNETX2)
Bassguitarman - EUR350 (EUR100 in BTC, EUR250 in SNETX2)
PNosker - EUR350 (EUR100 in BTC, EUR250 in SNETX2)
Vanbreuk - EUR900 (EUR450 in BTC, EUR450 in SNETX2)
Frohike - EUR2150 (EUR1000 in BTC, EUR1150 in SNETX2)
Eth - EUR1800 (EUR900 in BTC, EUR900 in SNETX2)

All of the above people have proven backgrounds in delivery and in some cases will need to actually turn down income from RL sources in order to perform their roles successfully for superNET.

I can absolutely support and justify every cent of the proposed payment structure I have laid out for this initial 12-week cycle, a cycle which is intended to produce results and do so professionally and to high standards. Anybody who can no longer perform their required role for any reason will be expected to understand the need to replace them.

If you have any questions, feel free to ask, otherwise I would urge this be approved as soon as possible.
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yassin54

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #1 on: January 03, 2015, 12:36:46 pm »

When is ready to investment?  8) 8) 8)
Sorry english not good  ;D ;D ;D

valarmg

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #2 on: January 03, 2015, 12:56:20 pm »

I have a few questions. (I have no objections to anything, I just want get clarity on how the process works up front.)

1) Who are the CPMT members answerable to? Who decides whether they are giving value for money? Who decides when someone needs to be replaced? Are there some measurable deliverables. After 12 weeks is there some kind of review process?
2) TCDLtd isn't listed as a paid member. Is he the head/coordinator of the team?
3) When the team is paid in SuperNETx2, is the rate at 1:1 with SuperNET or at SuperNETx2 market value(when value is established)?
4) There's quite a few paid positions for MGW. How does this tie in with the two existing MGW clusters, and will the other MGW coins achieve increased levels of performance (100% uptime) due to the investment?

« Last Edit: January 03, 2015, 12:59:48 pm by valarmg »
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valarmg

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #3 on: January 03, 2015, 01:09:34 pm »

When is ready to investment?  8) 8) 8)
Sorry english not good  ;D ;D ;D

James made a post here: https://bitcointalk.org/index.php?topic=762346.msg10021934#msg10021934 where he suggests to stick with the normal superNET asset for investment.
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Eth

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #4 on: January 03, 2015, 02:32:59 pm »

Since Valarmg requested for somewhat a public presentation and job description - which makes total sense - herewith goes mine.

I am known within the crypto community as "Eth".

I own a design studio specializing in corporate brand identity, interior and furniture design, advertising and other creative works. The studio was created in 2007 and we have worked with a wide range of customers from large hotel brands to small startup firms.

Examples of my work can be seen all through the superNET branding, from the logo at the beginning of the project, through to the bespoke design of the new GUI in recent days.

The primary design factor shaping the creation of the superNET GUI is the lofty ambition of an entirely intuitive product, able to be used by anybody, from cryptocurrency veterans to the hardest group to reach out to at this time, those entirely new to digital money and decentralized trading platforms.

This requires a great deal of hand-coding of features and a responsive layout, able to morph and adapt to the needs of the user and function at hand. This superNET GUI is intended to be the only client a user needs and it *must* be of a commercial-level quality in order to achieve its aims.

For superNET to establish a rapid development path with weekly builds of the software, I will be required to commit a great deal of the professional time of my studio each week to work on the design and layout of new features and incorporating them seamlessly into the UI/UX (User Interface/User Experience).

Included with the fee payment for designing and developing the superNET GUI, we will also be working on advertising and marketing material and supervise the general brand identity of the project across the board.

My responsibilities, however, are to superNET and superNET-core applications. Individual coin projects wishing to make use of my services will need to negotiate a separate fee arrangement directly with me.

I have proven I can deliver and do so promptly and to a commercial-grade standard. Should anybody have any further questions, please feel free to ask.

Regards,

Eth.
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Trinibits

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #5 on: January 04, 2015, 11:33:09 am »

From what Im seeing and I have pretty much hawkeyed this from the time James requested it to what ppl have been saying in Slack my personal opinion is these ppl need paying for what they do. They give you regular updates on what they are doing and if you need to contact them all it takes is for you to shout them out on Slack. They aint little shits living at home with their parents gettin a free ride wanking if they aint chatting in forums on a laptop. This is serious and I for one fully support this move :)
#supporterofbtcdandunityfromday1  :P
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VanBreuk

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #6 on: January 04, 2015, 03:15:13 pm »

Valarmg - your questions are important and I'm glad it's you who brings them up, as someone who has been following MGW development since we started and is not currently included in the picture.

t3CLtd is doing a lot of important organizational work on slack, principally to get the most solid and accessible SuperNET v1 GUI possible. The new MGW code, integrated in SuperNET, is becoming the backbone for this GUI due to its flexibility. This of course asks for stable service and committed operation team; he understands that one issue with MGW operation so far has been no incentives, other than contributing to the service and keeping things running as they evolve. Gains as MGW operator in the long run have been, so far, unknown, and you can hardly expect people to spend serious time monitoring and operating every day if MGW does not help pay their bills.

I haven't participated in the design of the funding plan, so I cannot address points 1 or 3. I understand evaluation of work done will not be only made by James or t3CLtd. It should also take into consideration the perspective of other team members, although you can hardly include the general sNET community as a judge because a lot of the work happens behind the scenes. As far as I am concerned I won't take any payments unless other people in the team believe my work deserves it.

Since I've been working these previous months also to defend the interests of operators, at least to get operation costs covered and server costs funded when requested, I'm well aware that t3CLtd's proposal raised concerns in some of them. Does this mean existing clusters, i.e. production servers (MGW#0) and team Starbuck (MGW#1) do not appear in the SuperNET picture of MGW? And if they do, what are the terms?

I hope to keep current operators included in this picture as long as they are interested and they are able to dedicate the required time. This is, no significant delays can happen because operators are not available. Now there may be also the possibility of having more than one server cluster providing gateway for the same coin, which could be handled by the GUI according to cluster reliability, or user input in advanced GUI.

Since James is refining the new database MGW being tested, we'll also know very soon how many coins can be handled smoothly by a node in the latest version. Then we can follow different options, depending on what testing shows.

a) The new nodes deployed in SuperNET (MGW#2) operate the sNET-integrated coins (VRC, OPAL, Bitstar, VPN and also BTCD), and existing clusters update their software and provide gateway for the coins they've managed so far (BTC in MGW#0, DOGE/BC in MGW#1)
b) The new nodes/software are able to provide gateway for all the coins, and existing clusters can be eventually upgraded and join the sNET nodes as additional gateways.

There might be other options. This will be decided according to testing results on the latest SuperNET/MGW software changes James is working in. Then (and it has to be soon) we can finish the picture, and see if/how it affects this funding plan at all.
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Ludom

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #7 on: January 04, 2015, 03:28:37 pm »

Why should it be a new Asset "SuperNETx2", it's complication for nothing. No?
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T3CLtd

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #8 on: January 04, 2015, 04:28:06 pm »

1) Who are the CPMT members answerable to? Who decides whether they are giving value for money? Who decides when someone needs to be replaced? Are there some measurable deliverables. After 12 weeks is there some kind of review process?

The measurable deliverable will be quite apparent, in that there will be a v1.0b GUI release followed by weekly-build updates until all sNET features are incorporated into the same GUI, whilst in the back-office there will be a stable MGW and Frohike's ICAN.

You are also more than welcome to elect an oversight person or persons to routinely check on the team or members of it.

2) T3CLtd isn't listed as a paid member. Is he the head/coordinator of the team?

Yes I have been the chief co-ordinator and project manager for the last several weeks. I have not received any payment although, to be fair, I haven't asked for any so that's probably why(!).

There are issues with regards to my ongoing business commitments, in that I am in the process of gradually migrating from a non-crypto-related business model whilst also working to roll out 2-way BTC/BITS/NXT cryptocurrency ATMs in Cyprus during this quarter. At this time I am weighing up how best to proceed and how it relates to the work I am doing and have done within sNET.

I would like to continue in the role I have been performing, but do not want to do so if I am unable to commit the time each day that it requires. I will have to advise accordingly but at this time am continuing on regardless in order to push through these much-needed infrastructure implementations.

I make no secret of the fact that I have an ulterior motive for wanting to ensure the sNET GUI is completed in good time because I intend to use it as a multi-wallet for our ATM customers. The more I have been working with sNET and NXT, the more I see a way for me to adopt the very advanced tech and functionality without needing to develop or support these systems as a private company ourselves. So, no, I've not been doing this entirely out of the goodness of my heart. Just wanted to make that clear from the outset.
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google98

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #9 on: January 04, 2015, 08:32:19 pm »

can the supernet v.1.0b GUI be seen already somewhere/ screenshot?
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valarmg

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #10 on: January 06, 2015, 11:08:58 pm »

Thanks for the answers, guys. This thread really shows what James has been saying for a while, that superNET is so much bigger than just him now.
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jl777

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #11 on: January 06, 2015, 11:38:06 pm »

Thanks for the answers, guys. This thread really shows what James has been saying for a while, that superNET is so much bigger than just him now.
I am coding 18 to 20 hrs per day, so I am not having any time for product management. So I certainly have no time or desire to micromanage the CPMT. At the high level, I can make the overall budget for the year, but then it should be up to the CPMT how this is allocated and to self-evaluate the CPMT members.

Any problem member will be most apparent to the other CPMT members, so we need to rely on the professionalism of the CPMT to handle phasing out lagging members, if that ever happens. Also, as far as adding to the CPMT, it should be up to the CPMT. How the CPMT is managed internally, again up to the CPMT.

Now, the community needs to have a way to provide oversight, but not end up micromanaging things. From a practical standpoint, there needs to be some person that is the one to alert the funds committee if there is an issue and to start some sort of process to correct whatever is wrong. Assuming things are going as expected, then no action is needed.

I would like to make a monthly transfer of approved funds to a CPMT treasurer who would then disburse internally. To put some controls in place, the treasurer should submit an invoice to the community rep (valarmg?), who would then approve it (or not) and let me know. I make monthly payment. Cycle repeats

I would like to have some x2 available for a weekly tipping pool. And I assume there will be some sort of job application process for people who want to join the CPMT.

James

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EvilDave

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #12 on: January 07, 2015, 12:23:48 am »

I'm like the overall CPMT proposal, it makes a lot of sense.
The only point I'm gonna go into Grinch mode on is the levels of payment. Sorry..... :o

I'm aware that the going rate for skilled IT'ers is pretty damn high, and that the proposed payment levels for CPMT members are pretty much industry standard rates, but for a crypto project, these rates seem high.

Another potential issue is that a high payment level for the CPMT group could create friction/jealousy with unpaid volunteers.

Has the level of payment been discussed thoroughly with the SuperNET community ?
(Yeah, I know, I need to spend more time on Slack...)

Leaving Grinch mode......

I just need to know if the wider SuperNET community is happy with all of the aspects of the CPMT proposal.
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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #13 on: January 07, 2015, 12:54:22 am »

I cannot remember the details of everything that's been said about the funds, but the only thing I can think of regarding Dave's note on the level of pay is that it could possibly be a fixed-length term to fulfil the objective the member is there for?

This prevents high pay being thrown around for long periods of time without ongoing successful completion of products/projects. Similar to the real-life contracting in IT - get a 6 month contract and when time is up if you have completed your objective and have something further to add that is worthwhile you can be re-funded for another  period of time to complete that project.

This may have been covered, I can't remember. Appologies if it has.
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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #14 on: January 07, 2015, 01:42:39 am »

My reading of the fine print says that the initial contract is for a 12 week period.....

I've had a little wander around SuperNET Slack, and the general feeling seems to be that the CPMT proposal is a good thing.
So, if no-one objects to it within the next 12 hours, I'll press the button for authorisation:
https://nxtforum.org/unity/supernet-funds-request-authorization-thread-official/new/#new
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JGalt

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #16 on: January 09, 2015, 08:59:37 am »

Great ideas! 

I don't get something though.

"I would like to create a SuperNET backed asset that is 1:1 convertible for SuperNET on demand. Additionally, it would receive the previously unallocated 5% SuperNET revshare. By using the 5% of assets for the missed bonus, this 5% revshare will make this asset receive double the SuperNET dividends, so when dividend valuations dominate the pricing, it will be worth 2x SuperNET."

"unallocated 5% SuperNET revshare"  What is this? Is it a 5% of supernet asset that is still under the control of the issuer account, and has not entered market?

How does "5% revshare ... make this asset receive double the SuperNET dividends"?

Also, will sNETx2 be open to the market for everyone or just CPMT team?
« Last Edit: January 10, 2015, 04:04:41 pm by JGalt »
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VanBreuk

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #17 on: January 09, 2015, 02:42:59 pm »

Now, the community needs to have a way to provide oversight, but not end up micromanaging things. From a practical standpoint, there needs to be some person that is the one to alert the funds committee if there is an issue and to start some sort of process to correct whatever is wrong. Assuming things are going as expected, then no action is needed.

I would like to make a monthly transfer of approved funds to a CPMT treasurer who would then disburse internally. To put some controls in place, the treasurer should submit an invoice to the community rep (valarmg?), who would then approve it (or not) and let me know. I make monthly payment. Cycle repeats

We have been discussing this with the involved parties and this protocol will be followed:

1.- Two community representatives outside of the SuperNET CPMT, with activity in both Nxt and SuperNET, will oversee CPMT payments and monitor/authorize when necessary future funding requests for the CPMT, or amendments to the current CPMT funding terms.
2.- For Nxt, the community rep will be valarmg. For SuperNET, noashh.
3.- Every month, James will transfer the approved funds for CPMT to a specific treasury account. Initially, this account will be held by noashh who already manages different SuperNET funds. As soon as it is feasible, this account will become a 2/3 multisig account with three keys: one controlled by valarmg (Nxt community rep) another one by noashh (SuperNET community rep) and a third security key controlled by James.

We believe this structure is both secure for the community to oversee expenses, and efficient for the CPMT to avoid slow response times.

The first part of the funding request (SuperNETx2) has already received the four required authorizations, now hopefully we can finish the procedure for the CPMT funding request soon.
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T3CLtd

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #18 on: April 15, 2015, 10:52:31 am »

Following on from the success of the first 12-week CPMT cycle, whereby the delivery of the beta V1 GUI was achieved alongside numerous additional elements, we are now discussing proposals for a second 12-week cycle, with goals ranging from the continuation of the development process for front and back-end superNET GUI/Tech, to promoting the platform to a wider userbase by way of reaching out to the Chinese community for feedback, with a mind towards raising awareness and demonstrating the inclusive intentions of superNET as a global community project.

In this interim period between the ending of cycle1 and the beginning of a second cycle we still need to commit Eth to a very wide range of Graphical Design,PR and Marketing deliveries.

With this in mind, I would like to request that his wage be continued at the same rate as previously, albeit solely as sNETx2 equivalent and for the fund allocation to include the amount which would have been paid this Monday just gone. There may be a case for other graphical designers to claim they would be willing to work for less but, as is always the case within this industry, it is all about who can deliver and I think everyone within superNET would agree Eth has consistently delivered, often well beyond the scope of his originally-defined role and has proven his commitment to the many tasks at hand, time and time again. He understands the industry and the project far better than most graphical designers are likely to and unless there are any reasonable objections, I recommend he be retained at the rate originally agreed on the strength of the value-for-money his professional services have brought, and continue to bring, to this project.


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VanBreuk

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Re: SuperNETx2 and the Centralized Product Management Team (CPMT)
« Reply #19 on: April 16, 2015, 01:21:37 pm »

Eth's work is out of question, and he keeps delivering important stuff besides all the design work, so no objection from me.
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