XIP #55 Web2 & Subscriptions provided through Simple Things

Proposals
1

Authors

  • Core Team

Summary

This proposal aims to allocate budget to cover the cost of hosting and Web 2 subscription services, as provided by Simple Things Limited, to support NFTX DAO’s operations over the next 12 months.

This service is already being provided by Simple Things on a rolling monthly basis.

Rationale

Consistent and reliable hosting, along with the necessary Web 2 subscriptions, are crucial for maintaining the stability and operability of NFTX DAO’s infrastructure. Without these foundational elements, the DAO’s ongoing activities could be disrupted.

Having a dedicated budget for these costs allows for a streamlined payment process, ensuring that services are paid for on time, thereby preventing interruptions. Given the significance of hosting and Web 2 subscriptions in supporting NFTX’s ongoing development work, it is essential to have a robust plan in place for managing these payments.

Opportunity

The contract with Simple Things Limited for a 12-month period provides a clear structure for managing hosting and subscription costs. This stability contributes to the continued success of NFTX DAO, allowing it to focus on core activities without worrying about service disruptions.

With this proposal, NFTX DAO has the opportunity to solidify its budget for hosting and Web 2 subscription services, ensuring seamless operations throughout the year.

Risks

There are minimal risks associated with this proposal.

  • a change in service costs during the contract term (service costs associated with the protocol exceed current budget). This is mitigated by a set contract period with Simple Things Limited. Any substantial changes would be addressed in subsequent proposals.
  • Unsuccessful proposal will require a new provider for these services to be arranged

Specifications

  • The contract with Simple Things Limited will run for 12 months, covering payments for hosting and Web 2 subscription services.

  • The estimated monthly cost is approximately $6,000 USD, with a 10% markup for administrative fees.

  • Payments are due within 30 days of invoice issuance.

  • Invoices will be issued monthly, detailing the costs for hosting and Web 2 subscriptions.

Funding Request - Yes

To fund the contract with Simple Things Limited for a 12-month period, we require the following budget from the DAO treasury:

  • Approximately $72,000 USD for hosting and Web 2 subscription services, with a 10% markup to cover administrative costs.

These funds are to be paid from the DAO treasury following the approval of this proposal.

Proposed Points of Discussion

  • Contract duration

  • Contract cost

Quorum (For forum)

  • Minimum Quorum: At least 5 votes

  • Passing Threshold: More than 66.6% (2/3rds) must vote in agreement for the proposal to pass. For changes to the NFTX contract, more than 70% must vote in agreement for the proposal to pass towards on-chain voting.

  • Yes, Simple Things to provide Web2 & subscription services
  • No, find another provider
0 voters