Introduction

Within the NEAR Digital Collective, various constellations carry out a plethora of activities contributing to shared goals. These tasks may involve bounties, supplier services, operational expenses, grants for upcoming projects, or remuneration for the constellation's core contributors and council members.

To ensure appropriate compensation for these individuals and entities, a comprehensive process for handling retroactive payment requests has been established. This process enables constellation members or projects applying for grants to request retrospective payments for tasks accomplished, grants, supplier payments, operational expenses, or salaries.

The process is designed to foster transparency, accuracy, and fairness in managing financial transactions within the NEAR Digital Collective.

It provides a clear structure for submitting requests, meeting deadlines, and providing necessary documentation, ensuring that every contribution is recognized and rewarded.

In the following sections, we'll detail the steps involved in the Retroactive Payment Request Process.

Retroactive Payment Request Process

Members of a constellation or projects applying for grants can submit requests for retroactive payments pertaining to:

• bounties
• grants
• supplier payments
• operational expenses
• salaries for core contributors and council members.

Such payments cover tasks completed, grants rewarded, or costs incurred within a month. These requests should be submitted by the 25th of the respective month.

Step 1: Submit a Request

Submit your request for payment by the end of the month in which the task was completed or the cost was incurred. Be timely to ensure your request is considered for the following month's payout.

• 1.1. Request Details: Include specifics about the task completed, the service provided, or the expenses incurred, justifying the amount requested. Attach any documentation that can validate your request.
• 1.2. Budgetary Concerns: If the claim could potentially exceed the budget, alert your constellation council well before the 25th of each month.

Step 2: Review by Constellation Council

Once you submit the request, the constellation council members will review it. They'll ensure all claims are valid, accurate, and fall within the scope of the constellation.