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# System prepended metadata

title: Creator Economy Compensation Plan v2

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# Creator Economy Compensation Plan v2
>**Abstract**
>The purpose of this document is to outline the initial plan to be executed by the Creator Economy Working Group (CEWG). As a public facing document, the intention is to clearly outline the scope of the work to be completed in a transparent and open manner and to adhere to the decentralized and open nature ethos of Wildfire.

**Authors**
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Walshy#6712

TLDR
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The CEWG is moving forward to recruit it's last open operator role and continue with it's initial goals of providing maximum value to it's partner projects. The funds that have been provisioned in the Gnosis Safe by :fire:_:fire: will be distributed over the next 3 months in equal amounts to it's operators. The team has agreed that it must receive grants/funding by the end of the next season or it will continue to work with no pay until new funding is acquired. Retroactive pay will be provided in sums of $2000 to the 3 operators present at the start of Season 2 (July).

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Mission Statement:
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The :fire:_:fire: team has laid significant groundwork in the past few years in assisting and proliferating DAO culture, a feat that is widely recognized in web3 as being invaluable and essential to it's current success. This includes experimenting/developing governmental processes, crafting and pioneering tokenomics, identifying and connecting core members of likeminded projects, and drafting governance/economic proposals for it's affiliated cohorts. 

As a result, :fire:_:fire: has established a set of parameters/value adds that it aims to bring to each of the projects it associates itself with:

- Helping/incubating new projects
- Experimenting with internal governance mechanisms and providing valuable feedback
- Connecting and supporting core team members
- Writing proposals and participating in governance
- Providing necessary ecosystem updates and outreach

The CEWG intends to continue to bring these ideals and action items to every project that it works closely with, with the intended objective of finding areas of mutual collaboration and working together to improve upon internal processes. By staying connected with the core members of each project and receiving regular updates, the CEWG aims to aid and assist it's partners in a meaningful way that will positively impact the trajectory and aid in it's growth.

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Compensation Details
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There is currently a reserve of $18,590.50 in the CEWG multi-sig that is distributed as follows:
- $12,500 in USDC
- 23,000 ($6,075.88) in $RARE

There is expected to be an additional $6,409.50 to be added in $BANK that will bring the grand total to $25,000 in the CEWG multi-sig.

All operators present on July 1, 2022 will receive a one time retroactive payment of $2000 USDC for work completed.

Regular funds are to be distributed to CEWG operators in an even fashion, dispersed bi-weekly in increments of $3,000, should the operators satisfactorily complete the weekly stated objectives. This will be judged by the core :fire:_:fire: on whether the operators have satisfactorily lived up to it's stated commitments.

The ratio of payments will begin with $USDC, and then transition into partner tokens in even ratios as the $USDC stores are diminished.

The intention of the CEWG is NOT to add sell pressure of partner tokens into the market, and instead hodl partner tokens for an undetermined amount of time before allowing them to be sold onto the market, if the operators desire to do so.

There haven't been any parameters set on when partner tokens should be sold, if at all, and this will be up for discussion amongst the CEWG, the core :fire:_:fire: members, and the operators participating in the other working groups to determine. For the time being, the current operators of the CEWG have agreed not to sell partner tokens into the market.