Reducing the council payments

Active Proposals
1

Proposal: Reduce Council Member payment.
The current council payment structure is unsustainable and disproportionate to the actual responsibilities required. At present, each council member is receiving $60,000 per year, totaling $180,000 annually—a massive burden on the treasury and ultimately on the community.
At current Karrat valuations, this is the equivalent of millions of Karrat. It’s simply not reasonable for a role that requires minimal work and may never even be needed.
By reducing council payment from $5,000 to $1,000 per month per member, the community will save $144,000 every year—a substantial amount that can be redirected toward growth, development, and long-term sustainability.

Why This Proposal Benefits the Karrat Community

  1. Eliminates a Massive Unnecessary Expense
    The current payouts are far beyond what is justified. Reducing payments ensures we operate responsibly and sustainably.
  2. Saves $144,000 Every Year
    This is money that can be reinvested into the ecosystem, community incentives, development, and security of the Karrat project.
  3. Council Role Provides Minimal Ongoing Value
    The “security council” role is rarely needed, and even when it is, $15,000/month is excessive. A fair, modest retainer is more than enough.

sustainable, fair, and aligned with the long-term interest of the entire community, not just a few individuals.

This reduction shall become effective immediately upon adoption of the proposal, or at the earliest legally permissible time.

While many KARRAT stakers are not yet able to participate in voting, this functionality is expected to be activated soon.

Current monthly council payment $15,000

Revised monthly council payment $3,000

Monthly savings $12,000

Annual savings $144,000

2 Likes
2

This salary is what someone gets paid for a full time job, maybe even more. Reward should be proportionate to hours of work and performance of the foundation and assets. If community, nft and karrat values return to what looks like a successful business due to the activities of the council, I would be happy to return the salary to 60k per year. I agree this should be reduced now, and I trust the council members would agree too.

3

Yes. At the current price, the project is spending over 1,000,000 KARRAT per month on three people who barely need to do anything. This is unsustainable. If we want to save this project, changes must be made.

The original documents were created based on KARRAT staying above 0.5, and I believe the team should not value KARRAT in USD terms. They should treat KARRAT as a scarce resource. Excessive issuance of KARRAT is unfair to those who bought it at high prices.

The silent majority will not participate in voting — instead, they quietly sell their KARRAT and leave the project. The current KARRAT price is the result of most people’s vote.