Date: 5th March 2024Technical Candidate/Proposer: DED Tech Midwife (party of DOTisDED team).
Recipient of funds: DED Tech Multisig (legal name: Decentration Trust Company).
Repo: https://github.com/DOTisDED/snapshot
Version 0.2.1
Requested DOT: 31,200
Tldr; This proposal, otherwise referred to as the “ED proposal”, is a continuation of the fair distribution plan that Ramsey (Tech Midwife, Decentration.org) in January, which defines the technical delivery of the DED token on behalf of DOT holders, and seeks funding for the distribution of Existential Deposits (EDs) to all DED recipients + fees and technical value provided.
Refer here for the proposal details.
[Update] Please vote NAY on this because:
After discussing with the other members of the DOTisDED team, who initially provided feedback and supported this referendum, have later pivoted referendum funding strategy based on community sentiment from a proposal by proposal approach to a DED Bounty Fund.
The community feedback has lead to Referendum #556.
I agree DED cannot truly succeed with just this technical budget and tentative future contributor proposals that are not well received. Therefore i will cancel this referendum and allow for the DED Bounty Fund #556 to play out.
A DED bounty fund will give DED the best chances of success, while retaining the core value of 100% fair distribution.
$10m fund to aim for >$1bn value asset, is rational and reasonable odds. Dreaming of a zillion dollar token on bootstrap budget is a bad odds and waste of time and reputation.
The ED proposal is a plan to distribute DED tokens to DOT holders. It was created by Ramsey from Decentration.org. They want to give out Existential Deposits (EDs) to everyone who gets DED tokens. They asked for 31,200 DOT to make this happen.
But, the DOTisDED team changed their minds. They now want to use a DED Bounty Fund instead of this proposal. The community also agreed with this change, which led to Referendum #556.
The person who made the proposal thinks that using a DED Bounty Fund will give DED a better chance of success. They believe that trying to make a very valuable token with a small budget is not a good idea. So, they decided to cancel this proposal and let the DED Bounty Fund happen instead.
Date: 5th March 2024Technical Candidate/Proposer: DED Tech Midwife (party of DOTisDED team).
Recipient of funds: DED Tech Multisig (legal name: Decentration Trust Company).
Repo: https://github.com/DOTisDED/snapshot
Version 0.2.1
Requested DOT: 31,200
Tldr; This proposal, otherwise referred to as the “ED proposal”, is a continuation of the fair distribution plan that Ramsey (Tech Midwife, Decentration.org) in January, which defines the technical delivery of the DED token on behalf of DOT holders, and seeks funding for the distribution of Existential Deposits (EDs) to all DED recipients + fees and technical value provided.
Refer here for the proposal details.
[Update] Please vote NAY on this because:
After discussing with the other members of the DOTisDED team, who initially provided feedback and supported this referendum, have later pivoted referendum funding strategy based on community sentiment from a proposal by proposal approach to a DED Bounty Fund.
The community feedback has lead to Referendum #556.
I agree DED cannot truly succeed with just this technical budget and tentative future contributor proposals that are not well received. Therefore i will cancel this referendum and allow for the DED Bounty Fund #556 to play out.
A DED bounty fund will give DED the best chances of success, while retaining the core value of 100% fair distribution.
$10m fund to aim for >$1bn value asset, is rational and reasonable odds. Dreaming of a zillion dollar token on bootstrap budget is a bad odds and waste of time and reputation.
Threshold
Threshold