> For the complete documentation index, see [llms.txt](https://docs.projectcatalyst.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.projectcatalyst.io/previous-funds/fund10-docs/project-onboarding/funded-proposers-fp/statement-of-milestones/how-milestone-payments-work.md). # How Milestone payments work Your first payment will be released on successful completion of onboarding including Proof of Life and agreement on your Statement of Milestones. The first payment will be your costs up-to completion of Milestone 1 divided between the number of months needed to complete milestone 1. Milestone Funding Amounts will be paid in equal monthly installments depending on the proposed Milestone Achievement Date for each Milestone. In other words, if a Milestone is scheduled to be completed over a period of 3 months, the Milestone Funding Amount for that milestone will be paid in 3 equal monthly installments. **Example** Total project request: 300,000 ADA Time to complete: 12 months Milestones: 6 including completion M1 cost: 75000 ADA will take 3 months to complete M2 cost 60000 ADA will take 3 months to complete M3 cost 45000 ADA will take 2 months to complete M4 cost 45000 ADA will take 2 months to complete M5 cost 30000 ADA will take 1 month to complete M6 cost 45000 ADA will take 1 month to complete After Proof of Life and agreement of Statement of Milestones a project is set to Live. The first payment will be: M1 cost 75000 ADA / number of months to complete (3) = 25000 ADA per month (maximum 3 payments) = 25%/75000 ADA divided over 3 months. Once M1 is marked as complete after achievements have been demonstrated, the next batch will be made based on costs to complete M2 and duration for M2 completion. M2 cost 60000 ADA - 3 months to complete = 20000 ADA per month This process continues until the final payment which is made only after the Final Milestone Approval, and submission of a project closeout report and video. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://docs.projectcatalyst.io/previous-funds/fund10-docs/project-onboarding/funded-proposers-fp/statement-of-milestones/how-milestone-payments-work.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.