Didn’t we already have this on-chain with imbued network on kusama ? The dynamics were a little different with curators overseeing milestone payouts. There was little support or interest for it at the time even though Sam Elamin was way ahead of the curve.
Also if interested here’s the REF REEEEEEEEEEPORT on 1794 https://drive.google.com/file/d/14xxDchF9AHN2r--aG7hU3X5eyMl2cH3S/view?usp=drive_link

