Hey Polkadot Community,
Talisman is requesting that a bounty be funded to support ongoing development and marketing activities. In this proposal we make the case that Talisman to date has generated value greatly in excess of our costs (over an 8x return) and is seeking additional funding.
In order to ensure we are incentivised to create effective products that users really want to use we are asking for the majority of the funding to be on commission basis for tangible results our product generates. Instead of the treasury providing a subsidy for each individual roadmap item which we feel is a poor incentive that generates very limited value for the network. We believe a results based funding model is appropriate for Talisman as it creates a positive feedback loop that will compound the value we create for the Polkadot network over time.
It is a large bounty, yes! But less than 15% is guaranteed as payment, the rest is a potential commission that way may or may not receive during the 7 month duration of this bounty.
This bounty implements an idea called Incentive Pools:
Incentive Pools are a novel concept that I believe can enable the treasury to implement results-based funding and generate better outcomes for DOT holders than our existing approach. The Genesis Incentive Pool will provide a commission for acquiring new stakers, generate more demand for the DOT token than it costs, and accelerate Talisman's transition towards sustainability.
To wrap your head around this referenda I recommend you start here 👇
🎥 Video Explainer: What are Incentive Pools? — 13 mins
🎥 Video Explainer: The Genesis Incentive Pool — 15 mins + questions
📜 Proposal: A bounty for the Genesis Incentive Pool
Thanks for your attention!
Threshold
Deleted Comment - Prev commented a reply to Promoteam without actually replying to their post.
Edited
Strong NO, because:
- This proposal are steps to privatize Polkadot network according interest of one entity (Talisman) , don't like it. Its not a good idea at all.