Dao Technology Team Development & Operation Budget Q2-Q3 2021

We are very happy to have already reached 3 years of operation with this great project, we at Kindynos are grateful for the support of the whole community and all those who have believed in it.

During all this time the team has been able to finance its operations with the support of the community, the resources of the governance, and its own funds.

We continue our work developing, service, and making the best effort to achieve greater adoption and use of Polis Protocol with all its applications.

Our team has matured and strengthened more in financial, security, and legal aspects, that allow the Polis Project to continue.

In Q2 and Q3 of 2021, the DAO Technology Team will focus on the same lines of action that we have been working on for the last 6 months:

  • Polis Protocol and Governance
  • Vaults, Farm, and Index Funds
  • Legal and Administrative Strengthening
  • PolisPay
  • Team Consolidation (Developers, Marketing, Back office of Polis, Legal Compliance, Administration and Management)
  • Promotion of new cases of use of POLIS and strategic alliances
  • Supporting DAO

For the operation in the next 6 months, the following Budget is:

DAO TECHNOLOGY TEAM DEVELOPMENT AND OPERATION BUDGET Q2-Q3 2021

For the operation of the past Q2 and the following Q3, is the following.

Expenses Q2-Q3

Expense Amount % of total
Salaries Developers (5), Public Relations and Marketing (1), Administration and Management (2) $31.429 55,53%
Legal and Accounting $12.068 21,32%
Office Expenses $3.158 5,58%
Hosting and Servers $4.737 8,37%
Taxes $5.211 9,21%
TOTAL EXPENSES $56.602 100,00%

Income Q2-Q3

Income Amount % of total
LP Staking and Farming $7.200 12,68%
Governance $36.000 63.4%
PolisPay $1.579 2.78%
3rd Party Projects $10.000 17.61%
Investments $2.000 3.52%
Income Total $56.779 100,00%

Revenue is estimated in current values of BTC and an estimated value Polis in $0.3 USD, which we hope will reach in the upcoming months, as right now it is at .16 USD.

In this new budget, we have adjusted the size and expenses of our office; our legal costs have decreased since our processes and activities have been consolidated, although, with the expansion of our services in PolisPay and the Polis Protocol, they will probably increase moving forward. We have also adjusted the size of the team, although other people are likely to join again in the short term to support the development of the Polis Protocol, we are now 9.

The DAO Technology Team requires funds from the Governances 20,000 Polis per month for the past 3 months, and the upcoming 3 months, for a total of 120,000 POLIS.

We need the support of the entire community to continue with our work that will surely benefit Polis.

I remain at your service for any questions

Luis Correa - Technology DAO Manager

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