Funded [PaulSnow-De Facto-4] Factom Oracle Master

Grant round: Grant Round 2021-03

Estimated FCT Available: 300,000.00

Votes

Standing Party Approve Abstain Score
Yes No 1.00
Yes No 6.00
Yes No 4.00
Yes No 4.00
Yes No 1.00
No Yes 4.00
Yes No 4.00
Yes No 1.00
Yes No 4.00
Yes No 2.00
Yes No 2.00
Yes No 6.00
Status
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Executive Summary
The Oracle Master maintains Exchange rates for FCT to Entry Credits

Previous Grants

Team Member or Entity Forum Username
User: PaulSnow
FCT address: FA29PLacx8jVBMZoQrjgES5RBsfooMsWHG5Ep8uUhVmeesGFY4xp
FCT: 900

ANO / Committee
Group: De Facto
FCT address: FA3X3d3ceDYD7v3aBCeEBcvvgiTZNeiFkN8jJ897EbMuBzHt6xhP
FCT: 900

Total FCT Requested
1800

Start Date
2021-06-01

Completion Date
2021-11-30

Project Description
The Oracle Master maintains Exchange rates for FCT to Entry Credits.

Problem Statement
This is important in order to maintain a target price for entry credits of 1/10 of a cent. The Oracle Master will record into Factom relevant market information to establish the trading price of Factoids.

Goals and Objectives
EC rate being updated

Success Criteria
EC rate being updated

Timelines and Milestones
Backpay for past 3 months (June—August, we didn't apply in previous grant round)
Continuous operations for next 3 months (September — November).

Budget
150 FCT per month for De Facto
150 FCT per month for Paul Snow

Assumed Price Per FCT
$0

Competition
N/A

Additional Information
N/A
 

Chappie

Factomize Bot
The Forum Q/A process has now started. The community may ask questions until Aug 6, 2021 at 23:59 UTC.

Other important dates:
  • After the question period ends on Aug 6, 2021 at 23:59 UTC, you may continue to answer last minute questions until Aug 7, 2021 at 23:59 UTC
  • Once the answer period ends, voting will start one minute later on Aug 8, 2021 at 00:00 UTC
  • Voting will be closed on Aug 10, 2021 at 23:59 UTC and the final results will immediately become available.
 

Chappie

Factomize Bot
This is a final warning that the community has just 24 hours from now to ask any last minute questions.

Other important dates:
  • After the question period ends on Aug 6, 2021 at 23:59 UTC, you may continue to answer last minute questions until Aug 7, 2021 at 23:59 UTC
  • Once the answer period ends, voting will start one minute later on Aug 8, 2021 at 00:00 UTC
  • Voting will be closed on Aug 10, 2021 at 23:59 UTC and the results will immediately become available.
 

Chappie

Factomize Bot
The Forum Question Period has now ended. Teams will have until Aug 7, 2021 at 23:59 UTC to answer any last-minute questions.

Other important dates:
  • Once the answer period ends, voting will start one minute later on Aug 8, 2021 at 00:00 UTC
  • Voting will be closed on Aug 10, 2021 at 23:59 UTC and the results will immediately become available.
 

Chappie

Factomize Bot
The Answer Period has now ended and Standing Parties may now vote.

Voting will be closed on Aug 10, 2021 at 23:59 UTC and the final results will immediately become available.

Instructions for Standing Parties:
  • You may vote in any thread or on this page. The ranks are mirrored once you save.
  • Drag and drop using the three-lined icon at the left of the grant proposal and hit "Save" when done.
  • If you change rankings and leave the page without saving, those changes will be reversed and not count.
  • You may change your vote as many times as you like prior to the vote being closed.
  • If you "Abstain" that means your vote won't be counted no matter what you ranked that proposal.
  • If you deselect "Approve" how you rank the grant matters, but 60% of voters must approve the grant for it to be funded.
 
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