Milestone 3 Proposal (from July 29 meeting)

[markflowfarm]

Many beautiful conversations and tensions explored together on the zoom (expertly facilitated by Tyler!). Here is the simple proposal I posted on the chat. For continued discussion here.

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For me, this can be a focused decision for an Aug 8 proposal for Milestone 3. Simply, 39m Seeds will go into the global SEEDS sale (via SEEDS :: Buy Seeds), and the proceeds of that sale will be shared equally among a list of organizations. The set of organizations would be listed specifically in the proposal. This would control the distribution for Milestone 3. We can redesign for Milestone 4.
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[Aryabhatta]

Sharing flow from Global Commons Working session meeting. (Recording)

[Aryabhatta]

Below drafted few thoughts around economic participation, with financial projections.

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Global SEEDs movement needs the ability for individuals from the Global South to have economic participation, in building this movement, to feel part of the movement, as well as contribute towards its operations. Learn more and cocreate here.

Proposal:

This could possibly be achieved, by issuing new rounds of seeds, resetting price of seeds, by creating a predictable issuance cycle and projection of prices, supported by quarterly review global roundtables to review income, expenses as well as outcomes, followed by strategy revision if needed.

[apostol]

I think I like @markflowfarm’s proposal. We may start with the initial DHOs (Hypha, Samara, RE) and think how to expand them (through a vote from the existing ones) if new ones want to join as the Milestone 3 sale progresses. Maybe we need to put up what the criteria for that are.

[apostol]

On the proposal for the Global South I have a couple of questions

• How much should the price of Seeds fall in order for the Global South to participate? I think they do not have fiat money - almost at all?
• How much of the Global South’s population should we onboard before we start this process? I understand Kenya’s desire - but there are much larger population in the Global South than the currently onboarded people
• If we have multiple liquidity pools - what stops people from ‘buying low, selling high’ and abusing the system?

I understand and honour where this is coming from, but this is a very hard problem to fix and risks for the ecosystem may be higher than the potential positive impact.
(maybe we need another thread for this “global south” conversation)

[reyna]

Hi Ary,
probably we should use both worlds to tackle the problem:

• building with Seeds flows of local ecnomies (current-sees, Art Brock)
• setting up a fund in fiat for those who apply mainly for Seeds to change back into fiat for daily life, as ChuckHarrison proposed somewhere on Discord.

And those pillars should go hand in hand!
Without distorting the use of Seeds.
What do you think?

[Aryabhatta]

How much should the price of Seeds fall in order for the Global South to participate? I think they do not have fiat money - almost at all?

Lets take an example of Kenyan Shillings where 1 KSH is worth almost 1 US Cent (1/100th of a dollar), or example of Indian Ruppee where 1 INR is worht alomost 1.4 US Cent (1/75th of a dollar).

Thus price of seeds should be such that for 1 INR or 1 KSH they should get atleast 1 to 3 seeds, which can be achieved by pricing seeds at 180 seeds for 1 USD.

Fiat is available and in circulation in Kenyan context, but not if 100 fiat can only get them 1 unit of digital currency. Instead it would be ideal, if our peers from global south, could find parity in holding Seeds vs KSH (or INR), allowing simpler dealings / accounting / transactions / exchanges on the ground.

How much of the Global South’s population should we onboard before we start this process?

We currently have a sizable group (200+) on the ground hailing from one region in Kenya. Where such an experiment could be rolled out along with DHO formation. This shall offer considerable learning lessons for other places.

If we have multiple liquidity pools - what stops people from ‘buying low, selling high’ and abusing the system?

Ideal future of seeds ecosystem is the one where seeds purchase are happening peer to peer and on the ground, though there would be certain individuals (agents!) who would be buying the seeds directly from Issuance Sales (requiring tech skills, bank accounts, ability to use Paypal etc).

Currently, tech offers capability of tracking the buyers of seeds from join.seeds (though not sure if there is a spreadsheet for the same). Thus the buyer from a certain geography has access to seed from certain liquity pool only.

Though there could be folks who could be buying from say inexpensive liquidity pool (catered at lower inflation and targeted for global south) to be passed onto someone in global north. Such a transaction actually serves following purpose, bringing resources from a resource rich environment to a poorer one, thus acting as a hedge and a positive bias built in the system to fund regeneration in global south.

Take example from Financial Projection spreadsheet shared above, where 6% inflation liquidity pool of global north, makes seeds expensive very fast, unless folks from global north have relationships with folks from global south to buy seeds or offer their services in return for seeds. Thereby encouraging relational wealth from accuring, considering the biggest divide we have is of Knowledge, Information and Skills between global North and South.

[Aryabhatta]

Irina, Bongi, Ana,
Atleast three of you have indicated on working on this proposal on today’s Global Commons Working session call ( recording ), thus have included you all over here.

As Tyler has indicated, that we could be using asynchronous means to further this discussion, thus providing some of my inputs here.

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Comments

It is good for us to continue the experiment, so that we have liquid seeds to fund our operations!

But lets articulate following in the proposal:

1. “Price of Seeds” for subsequent rounds? To address dissipating buying pressure.
2. Predictablity of Issuance Cycle? Compared to next round available only after previous round is closed!
3. Limits on Purchase? To address economic participation, i.e. more people should fund regenaissance!
4. List of Organizations along with their defined service / value that they will offer?

Please take a look at:

financial projections

Attempting to show how predictablity of issuance can help predict capital that will be raised and when can one can expect price of issuance that will come into effect.

If the seeds from previous round remain unsold, buyer shall have seeds at that price point available to them first. These calculations and issuance can be handled with simple technical enhancements.

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How about Day long conference style Convention every quarter to review the Economics of the Ecosystem in conjuction with Outcomes / Impacts.

This adds a festive pattern to our attempts of building a Regenerative Currency System, where Seedizens gather for a weekend to hear presentations, share their pilots, discuss economics, and take decisions. There by optimizing at a collective level on how much time we invest in our decision making as well as how we celebrate them with natural seasonal cycles.

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@minos999 @Bongi @anahealingwords

[minos999]

Building on Mark’s proposal

Context:

• Citizens agreed through vote that Milestone 3 hasn’t been reached;
• SEEDS Ecosystem and Hyha is ready for a new way of distributing milestone Seeds through the ecosystem to empower different organisations to contribute to its growth
• A simple proposal to start with experimenting and learning from this new approach is required before implementing it in smart contracts

Proposal:

Take 50% of the 39M Seeds and put them in the global SEEDS sale (Note: With 50% of the 3rd milestone being released we acknowledge the fact that there is still work to be done for milestone 3 to be achieved).

The proceeds of the sale will be shared equally among a list of eligible organisations.

Details about the round sales of Seeds and price for Seeds are in the SEEDS Token Allocation and Economics

Criteria for the organisations to be eligible for the process:

• Clear purpose and value proposition for the SEEDS Ecosystem

• Members of the organisation have agreed on the method of collective decision making (Note: if a group doesn’t decide on how they decide there is no to little progress made toward the purpose)

• The organisation issues its own equity token - on spreadsheet works.
  (Note: Issue of an organisation token is one signal that a group of people is committed to playing together and building collective value. It’s not only a job, it’s ownership in the whole project. Also allows for value distribution in an abundant way when sources of funding are scarce. Eg. We created more than 400,000 USD equivalent worth of value in Samara with Samara token, only having 30,000 fiat USD available, couldn’t have done it without our token).

• Transparent way of showing how funds are being used inside the organisation
  (Note: spreadsheet, dashboard, something uniform across all orgs would be ideal)

• Alliance Proposal passed for citizens to support the organisation and back-up the token

The process:

Every 3 lunar cycles a Regenerative Roundtable meeting takes place where each organisation shares the contribution to the ecosystem and new organisations that fulfill criteria can join the list.

2 representatives from each eligible organisation create a group of communicating between DHOs (Inter DHOs group - name TBD), exploring potential ways of collaboration and sensing into the evolution and needs of the ecosystem.

The working group that created this proposal (ideally a RE group) will continue to meet monthly to evaluate the process, engage with citizens for feedback (through polls and other tools) and evolve the proposal going further. The group will also keep the eligible organisations accountable and explore the SEEDS ecosystem needs in terms of readiness to grow and readiness for go live.

Current eligible organisations: list TBD after roundtable presentations

@markflowfarm @Aryabhatta @apostol @julioholon @anahealingwords @Bongi @rainskyarel5 @twakefield14 @Rieki

[julioholon]

Hey there,

So today we decided to decouple the proposal into the underlying Tensions, so we can move forward with smaller, easier to handle proposals, that address each of them individually.

Here´s what we came up with:

1. Citizens agreed through vote that Milestone 3 hasn’t been reached
   a. Context: No clear alignment in community of what and quality of what was delivered
   b. Recommendation to Hypha: Propose M3 again asking for 50% of the 39M, making clear what has been properly released and what remains to be released

2. Hypha wants to promote SEEDS Ecosystem as Stakeholder/partner rather than “Customer” and thus split sale of Seeds to distribute Working Capital to other organizations
   a. Context: Hypha realizes there are other organizations being formed as the SEEDS Ecosystem matures, and it makes sense that the SEEDS sale is distributed among them too, as they help for the “ready to grow” state
   b. Recommendation to Hypha: Have a:

   • solid criteria for determining who is eligible (well defined membrane) (proposal 3 below)
   • clear participative process for defining the percentages each org gets (proposal 4 below)

3. Under such proposal in #2, how would other organizations become eligible to receive funds?
   a. Context: Many organizations want to apply, and it´s crucial to have a clear definition of who is entitled to participate (exclusion/inclusion, well defined membranes)
   b. Recommendation to Hypha: Have a solid criteria for determining which organizations is eligible to receive a portion of the SEEDS Sales:

   • Clear purpose and value proposition for the Global SEEDS Ecosystem
   • The organization is a DHO (using the DHO software or equivalent spreadsheet)
     • Uses some clear form of decentralized decision making, nor relying on a CEO or boss
     • Has a clear process for issuing its own equity and voice tokens
     • Has a transparent way of showing how funds are being used (dashboard, kanban etc.)
   • Alliance Proposal passed for citizens to support the organization and back-up the token
   • Global focus (regional DHOs are funded by Region Harvest)

4. How would funds be split amongst eligible orgs?
   a. Context: Some orgs are doing more work than others and it´s fair to recognize that
   b. Recommendation to Hypha:

   • For simplicity´s sake, until we have better tech in place, split the milestone sales funds equally among all eligible orgs (Mark)
   • Use Continuous Conviction Voting, so orgs can apply for a budget and citizens can slowly shift their voting power to support that, in a way it´s easier to support smaller budgets. (Julio)
   • Perform a Live Gratitude Ritual at the next Roundtable, with one person representing each Global DHO that goes as follow:

• On a circle, each participants starts presenting the last cycle’s achievements and needs
• There is a central pool of 1000 tokens
• Then one at a time in a circle, participants make moves transferring tokens taking from the central pool, or from themselves or from someone else, mentioning why they are doing that transfer, celebrating their needs
• The ritual goes on in circle until all participants don’s want to do any more moves.
  (Money Pile ritual, by Dominic Barter)

6. There is poor coordination across groups in SEEDS Ecosystem to actually prioritize and address most important developmental needs (Tyler).
   a. Context: We’re entering a new phase of the ecosystem where there are multiple organized bodies beyond Hypha working to develop SEEDS. We’ve yet to experiment with coordinating these activities.
   b. Recommendation to SEEDS Global:
   • Any group that is receiving or interested in receiving Milestone/Global Commons funding should attend a once/month Roundtable 2 hr call to provide updates on previous work done, present focus, upcoming plans, questions, and suggestions for collaboration.
   • Any group that is receiving or interested in receiving funding should attend and help prepare a once/season 1-2 day SEEDS Conference that has “health of the Ecosystem” reports, strategic recommendations, educational events, Citizen town halls, and attempts to align on thematic or principle-based priorities for the following Season.

[minos999]

Building on the proposal created by Julio on the tensions raised in the milestone conversation, with some new tensions raised and few changes to be discussed in the working group:

1. Citizens agreed through vote that Milestone 3 hasn’t been reached (tension raised by Julio - no objection to the proposal

a. Context: No clear alignment in the community of what was to be delivered nor quality of it.
b. Proposal: Hypha to propose M3- part A, asking for x% of the 39M to compensate for Hypha’s work up to this point, making clear what has been properly released and what remains to be released.

c. Implementation: Update Token Allocation doc to contemplate for the M3-part A + create new proposal for Hypha

2. Different organisations in SEEDS Ecosystem would like to contribute to the growth of the ecosystem and benefit from working capital in a similar way as Hypha does

a. Context: Hypha realizes there are other organizations being formed as the SEEDS Ecosystem matures, and it makes sense that the SEEDS sale is distributed among them too, as they help with the “ready to grow” state
b. Proposal:

• M3 - Part B (50% of 39M) to be released through citizens vote and added in the Global Commons Sales Contract, as working capital for orgs in SEEDS Ecosystem, based on the following points
• solid criteria for determining who is eligible (well defined membrane) (proposal 3 below)
• clear participative process for defining the percentages each org gets (proposal 5 below)

c. Implementation: Update Token Allocation doc to contemplate for the M3-part B + create new proposal for Global Commons

3. Under such proposal in #2, how would other organizations become eligible to receive funds?
   a. Context: Many organizations want to apply, and it’s crucial to have a clear definition of who is eligible to participate (well defined membranes)
   b. Proposal: Have a solid criteria for determining which organizations are eligible to receive a portion of the SEEDS Sales:

• Clear purpose and value proposition for the Global SEEDS Ecosystem
• The organization is a DHO (using the DHO software or equivalent spreadsheet)
  • Uses some clear form of decentralized decision making, nor relying on a CEO or boss
  • Has a clear process for issuing its own equity and voice tokens
  • Has a transparent way of showing how funds are being used (dashboard, kanban etc.)
• Alliance Proposal passed for citizens to support the organization and back-up the token

c. Implementation: Part of the new proposal for Global Commons

4. Eligibility of groups/orgs working toward activating Regional DHOs

a. Context: Groups organised around regions are working toward activating regional DHOs (or DCOs - similar to the SEEDS global Co-op) and there is the tension around these groups being eligible for the milestone funding
b. Proposal: These groups are/aren’t eligible for milestone funding under the criteria proposed at point 3 above - TBD

5. How would funds be split amongst eligible orgs?
   a. Context: Some orgs are doing more work than others and it’s fair to recognize that
   b. Proposal:

• For simplicity’s sake, until we have better tech in place, split the milestone sales funds equally among all eligible orgs (Mark)

• Use Continuous Conviction Voting, so orgs can apply for a budget and citizens can slowly shift their voting power to support that, in a way it’s easier to support smaller budgets. (Julio)

• Perform a Live Gratitude Ritual at the next Roundtable, with one person representing each Global DHO that goes as follow: (Irina: would start with this approach)

• On a circle, each participants starts presenting the last cycle’s achievements and needs

• There is a central pool of 1000 tokens

• Then one at a time in a circle, participants make moves transferring tokens taking from the central pool, or from themselves or from someone else, mentioning why they are doing that transfer, celebrating their needs

• The ritual goes on in circle until all participants don’t want to do any more moves.
  (Money Pile ritual, by Dominic Barter)

c. Implementation: Part of the new proposal for Global Commons

6. There is poor coordination across groups in SEEDS Ecosystem to actually prioritize and address most important developmental needs (Tyler).

a. Context: We’re entering a new phase of the ecosystem where there are multiple organized bodies beyond Hypha working to develop SEEDS. We’ve yet to experiment with coordinating these activities.
b. Proposal:

• Any group that is eligible for receiving Milestone/Global Commons funding should attend a once/lunar cycle Roundtable 2 hr call to provide updates on previous work done, present focus, upcoming plans, questions, and suggestions for collaboration. Live Gratitude Ritual is performed at every Roundtable to distribute the funds for the previous cycle.
• New orgs that meet the eligibility criteria participate in the Roundtable and provide upcoming plans for the following and at the end of the cycle these orgs are participating in the Live Gratitude Ritual
• Any group that is receiving or interested in receiving funding should attend and help prepare a once/season 1-2 day SEEDS Conference that has “health of the Ecosystem” reports, strategic recommendations, educational events, Citizen town halls, and attempts to align on thematic or principle-based priorities for the following Season.
• Roundtable events and SEEDS Conferences will be organised by the Renaissance Explorers. RE will research and propose new methods of sharing the budget of the Global Commons between different orgs.

c. Implementation: Part of the new proposal for Global Commons

7. How can different groups organise as DHOs to meet the eligibility criteria (Nila)

a. Context: Groups that have been part of Hypha or have a specific focus do not have the capacity or the skills to organise themselves as a DHO and meet the eligibility criteria
b. Proposal: Samara (through DHO-in-a-box) is working to provide assistance to groups for organising themselves as DHOs as part of its value proposition for SEEDS Ecosystem, on their way to implementing the Hypha DHO software.
c. Implementation: Not related with the proposal

Process:

• Propose release of M3 - Part A to Hypha (addresses tension 1)
• Propose release of M3 - part B to Global Commons and the associated mechanism of distributing funds (addresses tensions 2,3,4 and 5)
• RE to organise Rountables each lunar cycle and SEEDS Conferences and evolve this proposal based on the learnings (addresses tension 6)
• Propose revision of Token Allocation to be voted by citizens (formalises the changes to the milestone approach).

[markflowfarm]

Additional Tension.
There are many organizations that have Seeds needing to be sold for “working capital”. This causes a competition between all the sellers. Perhaps we can design a cooperative process for selling these Seeds in concert with the global sale of Milestone Seeds.

Context. Where are Seeds coming from that are needing/wanting to be sold? The original source was either from Campaign funds or from Milestone funds.

I characterize the sale of Milestone Seeds as being for the purpose of “Working Capital” to be directed by Hypha toward building/deploying the SEEDS ecosystem. Thus, every sale of some of these Seeds results in “money” being added to the Hypha treasury, and those Seeds then go out in the world. Hypha then directs how the money is spent. [Note, we are together exploring different proposals on how to share the proceeds from the sales of the Milestone Seeds between the many organizations helping SEEDS mature, not just Hypha].

I characterize the Campaign Seeds as being of two different types: [a] those to be used to simply gift widely to people aligned with SEEDS and desiring to participate in circular economies using Seeds, and [b] those to be used as “working capital” for people to successfully implement the Campaign and related goals.

Important Note: Seeds that have been bought (or received as gifts) from the above two sources are then “owned” by someone else, and those Seeds can then be thought of as having a different character. The new character is they are simply “currency” being held by the new person. They could then use these Seeds to buy goods/services, or they might even think of them as an investment that they prefer compared with other types of “currency”. From time-to-time, these Seeds may also want to be sold for fiat or other cryptocurrencies. For the purpose of this tension, I am not suggesting these Seeds as candidates for any “cooperative” process of globally Selling Seeds.

Proposal. Design a system where Campaign holders of Seeds can contribute them into the global sale of Milestone Seeds. This would need to have a governance process for the community to accept those Seeds into the global sale. Additionally, there could be a governance process designed to allow the possibility for differing speeds of distribution of proceeds from the Sale between all the numerous participants. I don’t yet have a specific recommendation on how to implement this “algorithm”.

[MaxVBohn]

After yesterday’s call it seems I need to clarify my “tension” with the tension Nr. 1 in Irinas post raised by @julioholon and reflect my understanding.

My tension:
“1. Citizens agreed through vote that Milestone 3 hasn’t been reached” is not a tension statement but a reaction showing that there are tensions on the side of Citizens regarding the Milestone 3 Proposal of Hypha.
The tensions held by the Citizens are not clear and it is not clear if the proposal addresses all or part of the tensions.
The main tension of the tension raiser is not formulated in this statement.

Tension formulated by Julio (Member of Hypha) in the call:
“Hypha didn’t get paid for work it has done”. More explicitly up until now Milestone payments were used to pay Hypha for work it has done.
Citizens voting down Hyphas Milestone 3 proposal means Hypha did not get payed for the work it has done so far. Even if not everything Hypha set out to do was completed fully yet, it deserves compensation for it.

• Underlying tension and desire I see: Some people (at least Julio) feel Hypha was not honored and properly rewarded for what it has done and want to secure a reward with a sufficient amount (e.g. 50% of M3) for Hypha.

Proposal to address this Tension:

@julioholon

Propose M3 again asking for 50% of the 39M, making clear what has been properly released and what remains to be released

evolved into

@minos999

Proposal: Hypha to propose M3- part A, asking for x% of the 39M to compensate for Hypha’s work up to this point, making clear what has been properly released and what remains to be released.

extra Note: M3 part A is working capital solely owned by Hypha, not redistributable by all SEEDS Citizens.

Last version of the proposal in my words:
Hypha needs to put up a new proposal stating how much they want of the M3 funds and clearly state what they did for the SEEDS community.

Other implied tension that this proposal addresses by asking for clarity around what has been properly released and what remains to be released:
‘Citizens of SEEDS don’t know what Hypha has finished creating of what they set out to do for Milestone 3’

Personal reflection:

• It is not clear to me if Hypha as a collective holds a tension of not feeling properly rewarded and honored for what they have created, if it is a group of people or a personal tension.
• The proposal to not set a fixed amount of % is no different from the original request for all organizations that feel have contributed to M3 to name a percentile they would like from the funds.
• The tensions that citizens hold are not clearly defined and it is therefore not clear if only stating what Hypha has properly released and what not addresses the tensions (if that is even a goal of the proposal).
• Whether it is consent or consensus, both can only be used diligently if there is clarity around what the proposal addresses and what it’s intended effects are. I can not support or object something I don’t understand and can only interpret.

[Aryabhatta]

Contemplative Prompt:

@MaxVBohn

The tensions that citizens hold are not clearly defined and it is therefore not clear if only stating what Hypha has properly released and what not addresses the tensions (if that is even a goal of the proposal).

STRUCTURES INFLUENCE BEHAVIOR

Structure of our Thoughts:

1. Hypha means well for our ecosystem?
2. Hypha designs are considerate of our needs?
3. Hypha listens to our needs intently?
4. Hypha communicates conciously and mindfully?
5. Hypha takes stewardship seriously?
6. Seedizen understand their responsibility?
7. Seedizen communicate what they need?
8. Seedizen take active interest in designing what impacts them?
9. Seedizen do they have skills to engage?
10. Seedizen strength or power comes from?

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Gratitude

Expressing gratitude towards brother Tyler for facilitating this initiative of Regenerative Roundtable, which attempts to start a conversation to truly make the process Participatory.

Next Steps

1. Apostol is working towards a seasonal long format event, to further the engagement of seedizen in the ecosystem.
2. Irina is working towards a proposal which can help seedizens articulate their needs, while Julion works with Hypha to articulate theirs.

@apostol @twakefield14 @minos999 @Mila @MaxVBohn @julioholon

p.s. correct me if next steps are incorrectly identified

[apostol]

Regarding the clarity about what does the “Milestone 3” and “Milestone 4” definitions mean I propose the following heuristics

Milestone 3 “Ready for Growth”

Numer of (Online) Businesses that Sell products with Seeds - between 111 and 333 (magic number but most important to have in order to create demand for Seeds and facilitate circular economies)
Number of visitors - 31 415 (coming from the Pi number - which is at the heart of the Seeds birth)

My reasoning - if we have ~30k visitors and ~300 businesses we’re ready for the real growth.

Milestone 4 “Ready for Go-Live”?

Number of visitors - 1 mil?
Stable price of Seeds between 0.8 and 1.2 USD on all major exchanges for 3 consecutive months.

This at this point is just shooting in the dark. At 1 milion visitors if we keep the current percentage of Visitor:Citizen ratio (at 5%) is around ~50k Citizens. I don’t have any idea how are we going to communicate, cohere, make efficinet decesion making at that scale (or if that would even be possible in a somewhat organized manner).

A new System - Harvest Rounds (working title)

As I’m writing this - I’m starting to understand the enormous difference in scale between the two milestones. I think it would be reasonable to drop the abstraction of milestones altogether either right now or after “Milestone 3” and come up with a better abstraction like “Harvest Round” that would be connected with

• the moon cycles
• pace of the official Seeds sale
• funding needs of the DHOs

A proposed structure of how this would work would be:

• there are official SEEDS wallets managed transparently by “constitutional treasurers” or equivalent entity that are chosen by a council of representatives from the DHOs that participate in the Sale
• each moon cycle all the Seeds that were sold in the past 29 days that are contained in these wallets are distributed into the wallets of each respective organization
• organizations have the autonomy to manage payroll after they got the funds for the current moon cycle

Three big questions here:

1. How do you determine what percent does each DHO get from the total pool?
   This can work as a “Request” round during the “Elders Council” event - e.g. each organization requests the amount they need for the next 3 moon cycles. Then there is a round of reactions & comments. Then there is another “Request” round. And Voting Round after that. (another option is the Money Pile ritual proposed above by @minos999) At the end the current percents are proposed to be voted by the Citizens on a Referendum.
   Can the total amount for all DHOs be less than 100%? If yes - we need to set up a governance mechanism of how to manage the remaining funds.

2. Is the funding that the organizations receive payment or is it public funds? e.g. can the organizations do what they please with the funds or do they have some accountability towards the SEEDS Ecosystem on how they spend them - to spend them on activities that benefit SEEDS?
   The current state according to the Tokenomics doc is that the companies are contractors and that the sale funds are payment.

3. Will the rounds and funds be enough to develop the SEEDS Ecosystem until Go-Live?
   I think there is no way to know that at the moment. We should all hold a feeling of being responsible stewards of these resources in order to tilt the chance towards the possibility that the funds will be enough.

Does this differ for “Global DHOs” vs “Regional DHOs”? I’m not sure where the Regional DHO’s funds can come from (depending on their purpose - maybe from the Co-op mechanism?). Can they be part of the “Working Capital” for building the SEEDS Ecosystem that is the Milestone Sale?

(maybe a future question as is not relevant at the moment)
If it’s a payment - can private companies that are not DHOs participate in the Sale - if they (want to) make a big contribution to the SEEDs milestones? Why ‘yes’ / why ‘not’?

I think this “Harvest Rounds” system could work as soon as next month if we decide to drop the “Milestones” abstraction altogether. It can also work well with what @markflowfarm proposed earlier in this post for the Co-op Campaigns mechanism.