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+<pre>
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+ PIP: PIP-0020
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+ Title: 6-month PascalCoin Foundation Budget Appropriations
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+ Type: Protocol
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+ Impact: Process
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+ Author: Herman Schoenfeld <i><[email protected]></i>
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+ Comments-URI: https://discord.gg/sJqcgtD (channel #pip-0020)
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+ Status: Draft
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+ Created: 2018-05-29
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+ </pre>
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+
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+## Summary
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+
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+A PascalCoin Foundation Inc interim-budget appropriations is proposed here in order to allocate funds. It is to be voted on using existing voting infrastructure.
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+
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+## Motivation
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+
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+With PIP-0011 activation, 20% of block reward is now available for re-investing in eco-system. 100% of funds will be appropriated by and voted community itself, as a DAO.
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+
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+## Budget Proposals
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+
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+| ID | Proposal | Category | Contractor | Payment Type | Amount | Account | PRIORITY |
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+| :-: | :------------------------: | :------------- | :------------------------------------: | :-----------------: | :-------: | :-----: | :------: |
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+| 1 | Full-Time Developer | DEVELOPMENT | Albert Molina | SALARY | 150k p/a | | CRITICAL |
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+| 2 | Full-Time Developer | DEVELOPMENT | Herman Schoenfeld, Sphere 10 Software | SALARY | 100k p/a | 4029-31 | CRITICAL |
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+| 3 | Full-Time Developer | DEVELOPMENT | Ugochukwu Mmaduekwe | SALARY | 70k p/a | | CRITICAL |
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+| 4 | Full-Time Marketeer | MARKETING | Leonard Burca, ULCO ECommerce LLC | SALARY | 65k p/a | | CRITICAL |
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+| 5 | CEO PascalCoin Foundation | OPERATIONS | Herman Schoenfeld, Sphere 10 Software | SALARY | 30k p/a | | CRITICAL |
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+| 6 | NewPascal Sponsorship | PIP-0018 | Maciej Izak | SALARY | 70k p/a | | CRITICAL |
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+| 7 | Lazarus/FPC Bounties | PIP-0018 | Lazarus Bounty Board | FIXED-PRICE | 50k | | LOW |
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+| 8 | Web Design & Development | DEVELOPMENT | Matt Bolt | PAY-PER-HOUR | 50 p/h | | CRITICAL |
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+| 9 | CEO PascalCoin Foundation | OPERATIONS | Herman Schoenfeld | SALARY | 20k p/a | 4029-31 | HIGH |
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+| 10 | GOVBOT Smart-Contract | DEVELOPMENT | Sphere 10 Software or OTHER | FIXED-PRICE | 50k | | HIGH |
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+| 11 | ESCROW Smart-Contract | DEVELOPMENT | Preben Björn Biermann Madsen | PAY-PER-HOUR | 50 p/h | | HIGH |
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+| 12 | ZK-SNARKS R&D | DEVELOPMENT | Private, NDA-bound | PAY-PER-DELIVERABLE | 40k | | LOW |
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+| 13 | Exchange Listings | MARKETING | Internal Fund | PAY-PER-DELIVERABLE | 100k | | LOW |
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+| 14 | Hardware/Mining Tooling | DEVELOPMENT | Polyminer?? | PAY-PER-HOUR | ?? | | HIGH |
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+| 15 | PascalCoin Foundation Setup| OPERATIONS | Herman Schoenfeld | FIXED-PRICE | 10k | 4029-31 | LOW |
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+
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+### Disbursements
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+
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+Proposals are paid daily in PASC using USD spot-price conversions.
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+
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+Daily-payments are calculated as follows
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+- SALARY: this is X / 365 where X = salary
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+- FIXED-PRICE: X / (term length) where X = fixed price quantity
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+- PAY-PER-HOUR: contractors submit hours and paid on submission
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+- PAY-PER-DELIVERABLE: paid manually after deliverable/milestone submission
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+-
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+### Priorities
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+
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+Proposal priorities are relevant if daily foundation revenue falls below daily expenditures. Proposals with highest priority are funded first until funds exhausted.
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+Unfunded proposals are essentially furlowed and contractor must stop working until funding becomes available again.
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+
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+## Rationale
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+
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+Since time is required to develop and deliver GOVBOT DAO smart-contract in PascalCoin, a PIP-based approach will be used in the interim period.
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Herman Schoenfeld