Top Up request: Universal Hybrid Substrate Faucet

The purpose of this proposal is to top up our total initial request from REF #541, as due to the fluctuation of DOT price, we received 13.95% less.

Initial request: $34500, equivalent to 4471 DOT at $7.716 per DOT.
Received (17.04.2024): $29687.44, equivalent to 4471 DOT at $6.64 per DOT.
New request: $4812.56, equivalent to 724.78 DOT at $6.64 per DOT.

Given the successful deployment of the Universal Hybrid Faucet in production, we are now requesting the top up to fulfill our commitment of maintaining the faucet for 2 years, as proposed in the approved proposal. We refrained from rushing for the top up initially, prioritizing the completion of development.

View proposal #541 here.

Thank you.

The proposal is asking for extra money because of a change in the DOT price.
They originally asked for $34,500 but received only $29,687.44.
The price of DOT went down, so they got 13.95% less money.
They are now requesting an additional $4,812.56 to meet their original needs.
This money will help maintain the Universal Hybrid Faucet for 2 years.
They wanted to finish the project before asking for more funds.

Source

The purpose of this proposal is to top up our total initial request from REF #541, as due to the fluctuation of DOT price, we received 13.95% less.

Initial request: $34500, equivalent to 4471 DOT at $7.716 per DOT.
Received (17.04.2024): $29687.44, equivalent to 4471 DOT at $6.64 per DOT.
New request: $4812.56, equivalent to 724.78 DOT at $6.64 per DOT.

Given the successful deployment of the Universal Hybrid Faucet in production, we are now requesting the top up to fulfill our commitment of maintaining the faucet for 2 years, as proposed in the approved proposal. We refrained from rushing for the top up initially, prioritizing the completion of development.

View proposal #541 here.

Thank you.