VitaDAO

TLDR: This proposal provides Genesis contributor allocations for VitaDAO contributors to VITA-FAST. This is both to reward effort that went into making VITA-FAST possible and also to allow the VitaDAO contributors to continue to contribute to the project by voting with their tokens. A 5% allocation was governed in VDP-100 and approved by Newcastle University. This proposal distributes that 5%.

Team: Tim Peterson, Estefano Pinilla, Alex Dobrin

Background: Like with the launching of VitaDAO and the $VITA token, the Korolchuk project and $VITA-FAST was a collective effort by many people over many months and in some cases years. Below is a list of VITA-FAST contributors. The main activities in getting VITA-FAST to launch were sourcing, shepherding, reviewing, awareness, and administrative. Many people did multiple of these activities but their main activity is highlighted.

Big picture: Funding projects is key to VitaDAO’s mission, but advancing the funded projects is key to growing the value of VitaDAO. Therefore, for each project having the proper incentives to grow the project is critical. This proposal provides a first example for a project that went from IP-NFT to IPT. Other projects may have different allocations but in general the idea is that the incentives should be modest yet still enough to get people motivated to create the best outcomes for VitaDAO.

A subsequent proposal will outline incentives for future VitaDAO contributors to contribute to VITA-FAST.

Proposal: This proposal seeks the approval of the VitaDAO to allocate 3.5% of the total supply of $VITA-FAST tokens to the list of contributors indicated below. The remaining 1.5% of the 5% allocation will be determined by a majority of VitaDAO Stewards to account for contributors not listed here. These tokens can’t be sold from one year passing this proposal and have an additional year vesting (monthly) - 24 months in total. This will be enforced via smart contract. Additionally, some contributors receiving larger allocations will be under the expectation to make a good faith effort to continue to contribute to the project as needed. Those continuing contributors are indicated below.

Conflict of interest: These contributors can not vote in favor of their own compensation on this proposal. However, they can vote “abstain” such that the vote reaches quorum.