Hi guys, probably sometime in 2021 the initial development contract with IOHK will be finalized and a new proposal will be made. I’m not sure about values, but I imagine that a new 5 year development contract for the project would cost something between $60-100M (dollars).
My question is if there would be funds available for this. I know that it depends on the ADA’s price at the moment, but I haven’t found out objectively how many ADAs the foundation has to do this kind of hiring, what is the projection of collecting ADAs for the treasury at each epoch (I believe it’s 20%), and how is the dynamics of decisions about where to allocate these funds (I’ve seen discussions here in the forum about using dcfund to stimulate internal projects, but I confess that I don’t understand how this management is being done, what dcfund is and what it has to do with a possible renewal with IOHK.
The Lisk project (for example) makes periodic updates like this: Financial Update for November 2020 showing clearly the project funds and allocation destinations. I would like to see something similar being shown by the Cardano Foundation.
Could someone help me to clarify these doubts? Thanks in advance