Meeting topics:
- Ben has started a document that describes the previous tokenomics and add some ideas on what we improve in the future. Text needs to be written out a bit more and then it will be shared for everyone to leave feedback on it
- Ben is also working on a proposal for the devs to pay them a certain amount of $music tokens per hour of work, once approved we can switch to this model. For this we have ran some calculations to see how long we could pay developers from the remaining funds in the multisig (after the second swap). To close off previous things the hackathon reward will be distributed to the developers that have helped us so far in order to close this chapter and move to a new reward system instead. Any work from now on can then be paid in $music at a vast rate (not pegged to dollars). Ben thinks that this will increase motivation and would provide contributors with a stake in the project of which the value is directly influenced by the state of the project. Contributors can choose on their own how much time they can put in and be rewarded for everything they do. This reward system will be first used for developers but can easily be expanded for other jobs that need to be done, for example someone could earn tokens to manage socials, hunt for grants or anything we can outsource really
- The current codebase is not really inviting developers to join. There is some very old code depending on old libraries that are not supported anymore and it's also hard to setup the project locally which makes collaborating on it more difficult and time consuming. Using newer technologies will drastically improve this and older parts we don't need anymore can be left out. Ben is thinking about creating a small proof of concept this way, once that works we can port the older code into the new architecture with some minor changes. This would also allow us to create a new API which would also be easier to share with other projects so they can implement functionality with our platform. At this time this is just an idea and needs more analysis from Ben but it should be worth the effort.
- BTX is still having issues so Ben will continue to send them messages and suggest people having problems send emails to their support as well.
- Ben is also polling on the Skale grant, there should be some news soon either good or bad but we have to move forward
