Retroactive payments to PGWG members
In accordance with the approved proposal, and with one month having passed since its approval, the retroactive payments to PGWG members will now be calculated and executed.
The number of PSP tokens to be distributed is based on the 7-day average price, calculated using data from the past week leading up to today.
Screenshot taken on May 29th
- We used CoinGecko as the public source for historical token prices when calculating the TWAP.
- Based on this, the PSP value over the last 7 days has been between $ 0.01883 and $ 0.02065
- Consequently, the TWAP for the last 7 days is: $ 0.01974
Specific amounts are detailed above:
| Member | Hours Worked | Rate | Total USD | PSP Price | Total PSP |
|---|---|---|---|---|---|
| Arana | 8 | 75 | 600 | 0.01974 | 30,395 |
| Avantgarde | 16 | 75 | 1,200 | 0.01974 | 60,790 |
| Citizen | 16 | 75 | 1,200 | 0.01974 | 60,790 |
| PGov | 8 | 75 | 600 | 0.01974 | 30,395 |
| Total | 3,600 | 182,370 |
The transaction will be created in the coming days and executed to the same DIP wallets after all multisig signers have approved it. Once completed, it will be reported in this thread for transparency and accounting purposes.