Financials
This platform serves as the hub for all financial reporting, ensuring transparency and accountability for the Ignite team's expenses. All expenses will be recorded on the blockchain, and detailed information will be made available here.
Total allocation: As part of the forecast, a pool of 16,000,000 $DIMO tokens is designated as the overall allocation for Ignite. Unless otherwise specified, these resources will solely be utilized for funding grants and bounties.
These tokens will be sourced from the unallocated treasury pool of $DIMO and through OTC token sales. Once all funds have been allocated, a future proposal may be submitted to secure further operational funding. This proposal will seek authorization for the DIMO Foundation to collaborate with an OTC partner in converting $DIMO into stable tokens.
$DIMO Inflows & outflows
Stablecoins Inflows & Outflows
Assuming that the price of $DIMO will experience a monthly increase of 5%, we anticipate allocating grants in $DIMO equivalent amounts as displayed in the chart on the left. Values are presented in USD to facilitate comprehension.
Grant evaluations will occur at regular intervals, and based on performance and requirements, additional funds will be made available to each grant recipient.
$DIMO Balance Forecast
Stablecoins Balance
Forecasted balance of granted funds in USD
The projected $DIMO inflows, outflows, and the resulting balance are depicted on the below charts.
The Ignite team will be responsible for managing the $DIMO, which includes distributing it to the grantees, covering minor operational expenses such as team compensation, and conducting private sales to acquire additional stablecoins if necessary.
Similarly, the expected inflows, outflows, and Stablecoin balance are presented. Numerous projects and operational costs will necessitate the use of Stablecoins. The $DIMO balance will be utilized to procure Stablecoins as needed through over-the-counter (OTC) sales. These sales will be previously announced to the DIMO community and conducted as OTC in order to minimize any potential volatility in the value of the $DIMO token.