MGC Election - February 2022

Hi @puncar,

Firstly, thank you arranging all this and getting the post on the forum over the weekend. :slight_smile:

May I request some clarification text be added to the post by confirming that Core Hire resources are not eligible for $1,500 stipend per month for serving on this committee ? All Core Hire contributions are covered by their existing package.

Kindly, may I request the mechanism for determining the INDEX emissions be amended to reflect the 5 Daily Moving Average methodology which was implemented in December 2021. The below is an extract for easy reference, to enable verification of the above comments merits.

INDEX rewards are first estimated in USD, and then converted to its equivalent INDEX quantity.
The 5 day rolling average value of INDEX is used to calculate INDEX distribution quantity.

Best practice would be to include a statement in this proposal that states the quantity of INDEX each MGC member receives will be determined in line with the current methodology for how monthly Contributor Rewards are determined. This provides the added flexibility of not needing to update how the MGC is remunerated when the process changes elsewhere.

Thanks again for getting the post up and we truly do have some great candidates to choose from.

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