Almonit next project, code name “Alpress”, is a self-governed Dwebsite platform. The first functionality we focus on this platform is publications of articles. Think of a decentralized Medium done in a robust, censorship-resistance way while being governed by the platform’s own users and contributors.
Alpress platform is a Dwebsite itself and will be controlled by a DAO. The DAO would have a utility token, used for payments in the system. contributors will be compensated with Alpress tokens.
Though the system is planned to be released in Q1 2021, we already want at this stage to start tracking contribution and pre-launch token distribution.
For this, we created a testnet DAO in Rinkeby using DAOstack tools. Beginning this week and continuing all the way untill the launch of the Alpress DAO, compensation requests will be done using the testnet DAO.
The DAO is run on Rinkeby network and is accessible here.
Alpress testnet phase tokenomy
Token name: ALP (temporary name)
Token type: Utility token ERC-20
The nominal price of the token during the prelaunch phase: 1 ALP = 0.01$
There will be at most 100,000,000 ALP existing at the time of the Alpress DAO launch.
Type of compensation proposals: contributors only (only at the prelaunch stage).
We estimate a monthly compensation of 6000$ USD for 40 hours per week. This is a low estimate, well within the boundaries of the last Stack Overflow global salaries survey.
However, the project in the pre-launch stage has an inherent risk since the token is not launched yet and its price is unknown. Hence we add a 50% risk bonus for all compensations made in the pre-launch phase. This brings the monthly compensation amount in the pre-launch phase to 9,000$ per month for 40 weekly hours of work.
The work on Alpress began on the 1st of March 2020, while the DAO is planned to be launched in January 2021. Hence the compensation of those who contributed full time in the whole pre-launch phase would stand at 90,000 nominal USD or 9,000,000 ALP tokens. The figure is based on 10 months of contribution.
Compensation requests will be approved by votings. In DAOstack voting is done by holders of REP token. REP token is given in DAOstack protocols by special DAO proposals.
In the testnet phase of Alpress DAO voting is done by the Almonit core team members. Each member has an equal vote. The compensation mentioned here is only for utility tokens in the system, not for REP tokens to vote in the system.
Extending the DAO to more members of the ecosphere and eventually passing its control to the community is planned once the mainnet DAO is launched.
The testnet DAO is launched in September 2020, and compensation will be done once a month beginning from the launch. Compensation can be asked only for past work. To keep things simple, we do not put deadlines on when to make compensation requests for each month.
For work done prior to September 2020, compensation requests could be made already during September 2020.
Disclaimer: the testnet DAO and proposals are not binding in any way. They are merely a declaration of intent of how many tokens existing contributors get when the system is launched. These contributions and tokens carry an extra risk since Alpress tokens do not have any value at the moment and do not even exist yet.
What is written above are guidelines for the Alpress DAO in the prelaunch DAO, not hard rules. If you feel you need to be an exception, please contact us.