# DAO Budget - October/Early November 2022

As detailed in the recent project status update[^1], all further expenditure will be DAO approved.

Given that NSFW tokens have not been released, we envisage this to be the last vote that will be executed via `Discord`.

## Expenses

| Item | Cost (USD) |
|:---------------------------------- | ----------- |
| Liquidity pool seed | 100,000 |
| Development team | 25,000 |
| Ad-hoc, design contractor | 4,002 |
| VAT payment for Solidity developer | 2,764 |
| Smart contracts audit | 2,400 |
| Legal expenses | 2,000 |
| **Total** | **136,166** |

Accounting for the above expenses this leaves **$123,834** remaining of the $260,000.00 available in Migration Safe.

Other expenses such as `Lights on - Sept/Oct`, `Mark/DP salaries`, `External contractor payments` have been paid from the transition wallet thus leaving the DAO no external liabilities.

This concludes any available funds from the original transition wallet[^2].

## Delivery

The following items[^3] will be delivered at the above documented costs.
- Marketing website
- New pages for tokenomics, roadmap & about
- Deployment of audited NSFW token smart contracts
- NSFW LP deployment ready with seed price set for live trading using DAO approved token symbol
- Claim portal to allow CLAIM of new NSFW tokens (scheduled 7th Nov 2022)
- Adjustment to the NSFW.app legal documents to facilitate DAO transition
- Support/Instructions/how to for CLAIM of new NSFW token
- Support/Instructions/how to for buying the new NSFW token
- Mailing list landing page for project news
- CoinMarketCap listing (free)
- Marketing brochure
- Various newsletters sent using communication channels (Twitter, mailing lists, Telegram, Discord, etc)

## Additional details

`$100,000` has been determined to be the minimum required LP seed for acceptable trading price volatility.

The Miso LP funding raise will be deferred to allow for adequate marketing time.

The team will continue to explore opportunities to raise additional funds.

### Potential future expenses

The following potential costs are subject to DAO approval for Nov 2022 onwards and are not final:

- Project roadmap
- $40,000 LP seed + $5,000 PCM market maker - Single CEX (Centralized EXchange) listing e.g. Bitmart (LP seed TBC)
- $30,000 - Cayman DAO legal entity & bank account (required for IP transfer in Nov 2023)
- Development team costs/terms
- Marketing/operations costs (including staff)
- $5,000 to $10,000 - NSFW.app lights on

The strategies that will be proposed towards the end of October will present pathways that will address project longevity and resourcing.

## Voting details

DAO Migration Safe spend approval by Discord vote for a total of `$136,166`:
* $100,000 - New liquidity pool
* $36,166 - Oct/Early Nov expenses

TODO Discord vote link

Approval will be determined using a simple majority vote over 1 week:
- Tue 11th Oct 2022 12am UTC to Tue 18th Oct 2022 12am UTC

## FAQs

- [What is a liquidity pool or LP?](https://www.youtube.com/watch?v=cizLhxSKrAc)

[^1]: Recent project status update https://t.me/OfficialNSFWDAO/91

[^2]: Transition wallet - Transaction history https://gnosis-safe.io/app/bnb:0x6996452f7cc495619c12A1B54DE3133a4D4011e7/transactions/history

[^3]: Detailed work by team members for this period are available here:
https://docs.google.com/spreadsheets/d/12lnFDg6MijmsIOGhHuJ5pCIy8bcVY8vOaFvwZD8y7Vw/edit?usp=sharing