A step-by-step guide explaining how to make a treasury proposal
What is the treasury?
The treasury is an account that holds a proportion of the total supply of all Porta tokens. These tokens are set aside specifically for the purpose of maintaining and improving the network.
What is a treasury proposal?
A request to transfer a specified number of tokens from the treasury to another account.
Use case: A developer who requires funding of 100 tokens to build a product for the network.
A treasury proposal is submitted to the council for a vote.
A minimum bond of 100 tokens is required to make a treasury proposal. If the proposal passes, the bond is returned, however, if the proposal is rejected, the bond is lost. Reason for rejection include:
The proposal contains a lack of information
The requirements of the proposal are invalid (such as asking for too many tokens)
The proposal does not benefit the network as a whole