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Noc2 merged 2 commits into from
May 11, 2021
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Clarify definition of FTEs #411

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Update application-template.md
alxs May 10, 2021
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Merge branch 'master' into alxs-patch-2
Noc2 May 11, 2021
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4 changes: 2 additions & 2 deletions applications/application-template.md
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Expand Up @@ -115,8 +115,8 @@ To assist you in defining it, we have created a document with examples for some
### Overview

* **Total Estimated Duration:** Duration of the whole project (e.g. 2 months)
* **Full-Time Equivalent (FTE):** Required workload of a full-time employee for the whole project (see [Wikipedia](https://en.wikipedia.org/wiki/Full-time_equivalent)) (e.g. 2 FTE)
* **Total Costs:** Amount of payment in USD for the whole project. The total amount of funding _needs to be below $30k for initial grants_ and $100k for follow-up grants. This and the costs for each milestone need to be in USD; if the grant is paid out in Bitcoin, the amount will be calculated according to the exchange rate at the time of payment. (e.g. 12,000 USD)
* **Full-Time Equivalent (FTE):** Average number of full-time employees working on the project throughout its duration (see [Wikipedia](https://en.wikipedia.org/wiki/Full-time_equivalent), e.g. 2 FTE)
* **Total Costs:** Amount of payment in USD for the whole project. The total amount of funding _needs to be below $30k for initial grants_ and $100k for follow-up grants. (e.g. 12,000 USD). This and the costs for each milestone need to be in USD; if the grant is paid out in Bitcoin, the amount will be calculated according to the exchange rate at the time of payment.

### Milestone 1 Example — Implement Substrate Modules

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