Apillon Milestone 3 Proposal: Core Integrations and Service Enhancements for Polkadot Ecosystem Growth

Big Spender
15d ago
7 Comments
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809.6KUSDT
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Decision28d
Confirmation7d
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34%Aye
66%Nay
Aye
9.28MDOT
Nay
18.03MDOT
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Support(0.16%)
2.39MDOT
Issuance
1.51BDOT
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It appears that your team has already raised 171,450 DOT ($900,113) for milestone 1 + 91,663 DOT ($481,230) for milestone 2, totaling 263,113 DOT raised thus far (~$1,381,343 USD at the current DOT price of $5.25), is this accurate?

And now you are asking for an additional $809,600 USDT?

When will these requests end?

More importantly, what is Polkadot getting back from these investments, specifically in terms of equity stake, for funding your company will millions of dollars? Traditionally this level of investment would require you give back equity to the investors who are taking on such risk, which in this case, is the Polkadot community.

An airdrop to active participants in the Polkadot community would make a lot of sense in this instance imho, especially given the large amount of funding you are seeking (after already raising a relatively large amount).

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Dear @Matjaz ⧓,

Thank you for your proposal, and joining us on a call to discuss your proposal. Permanence DAO supports the Apillon team and commends its efforts, however our vote is NAY for this proposal. As we commented under your discussion post, we suggest the following for the Apillon team:

  • Limit the budget to $250K over a 3-month period.
  • Deliver a target number of running applications in different verticals built on Apillon services, built by Apillon's current builder base.
  • Onboard a target number of end-users to those applications.
  • Develop a marketing/business strategy in contact with the marketing and business development teams in Polkadot to turn the end-users into paying costumers.

These suggestions were formed after a thorough review and discussion of the proposal in light of the information shared on the call. Some members also expressed concerns about the proposal’s focus.

Kind regards,
Permanence DAO

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