The bylaws can be whatever the community elected foundation decides. I personally would not really be supportive of a residual 10% founders fee… we are not really looking to extract funds from the community, just get reimbursed for the value we have/are providing. We rebooted the dogeparty platform because I loved the platform back in 2014 and we felt it would be a great way to add some utility and actual use-cases to the Dogecoin blockchain.
Just to clarify what the 10% founders compensation includes :
- Reimburse us for the $5k we each invested and 3 months of development and testing we did to reboot the dogeparty platform
- 1 Year of keeping the platform functioning as designed, including fixing any unexpected issues that arise (already fixed 2 issues that took the platform down and got things back up and running within a few hours)
- 1 Year of Server hosting for dogeparty.xchain.io (currently hosted on 5 different servers to handle the load, as well as paying for cloudflare.com load balancing, etc) as that is the only way to view the transactions on the Dogeparty network, and xchain.io APIs power the backend to dogewallet-desktop.
In the interest of clarity, if the dogeparty foundation decides not to reimburse the founders the 10%, then the above items will no longer be applicable and the community will need to figure out a way to pay for the ongoing server hosting fees, xchain.io yearly licensing fees, and cover other operational expenses which are now being born solely by the founders.
The Dogeparty Community funds are to be spent however the Dogeparty Foundation and community elected community directors decide, and we fully support that. I am confident that this community recognizes the value that we founders have provided by rebooting this platform and will elect community directors that will represent their views 