Guestlist+1: Polkadot becomes the Center of Gravity for Blockchain x Music

21d ago
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Appreciate the initiative and the energy around music x Web3, and the visuals in the deck are polished, but I can't support this proposal without a detailed breakdown of how the $388,760 is being allocated. Most importantly, how did previous refs go, and where are the tangible interactions. What did they add to the ecosystem?

Key questions:

Where is the money going? There’s no budget or cost structure provided. Even the canva link attached has copy-paste sections from all the previous proposals, without any clear showcase of results. How does this really benefit Polkadot?
Are any of the other names mentioned in the proposal being paid? If so, how much and for what services?
How much is Beatport charging?
How much is going toward production, travel, team compensation, and marketing?
Also, the podcast you linked has ~600 views. Can you justify the ROI based on current traction?

Regarding past proposals:
#1392 (“bash” events: March–July 2025): 452K USDC
#1141 (Billfold onboarding): 1.18M USDC

From the Billfold proposal:
“The CAC is $0.33 per user TO BEGIN WITH… Every new user added to Billfold will automatically get and transact with a Polkadot wallet.”

You also promised:
3M+ Billfold users
2M new users
Millions of wallet interactions

Where are these results? Are there any reports or verifiable data you can share? I understand there will be another ref from you in June; I hope you can provide these data.

Also, your published budget for #1392 shows a discrepancy or shortage of $780. Is this what the retroactive funding mentioned in the current proposal is referring to?

Support the mission, but not without transparency and accountability.

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What were the result for the other millions of dollars you collected from the Treasury? Please share those.

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Dear Proposer,

Thank you for your proposal. Our first vote on this proposal is NAY.

The Medium Spender track requires 50% quorum and simple majority of non-abstain voters according to our voting policy. This proposal has received one aye and two nay votes from ten members, with seven members abstaining. Below is a summary of our members' comments:

Voters expressed mixed opinions regarding the PMEI events and their impact on Polkadot. Many participants abstained, citing a need for clearer metrics and return on investment (ROI) analysis to understand the value these initiatives bring to the network. While some acknowledged the potential of PMEI's marketing efforts, concerns about transparency and community feedback remained prevalent. A few voters opposed the proposal, seeking more detailed plans and responses to community concerns before supporting any funding for future events.

The full discussion can be found in our internal voting.

Please feel free to contact us through the links below for further discussion.

DISCLAIMER: Our Decentralized Voices delegation voted to abstain on this referendum in accordance with our conflict of interest policy, announced on the 27th of March, 2025.

Kind regards,
Permanence DAO
Decentralized Voices Cohort IV Delegate

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Edited

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