Dear Polkadot Community,
My name is Graeme Fox - Co-Founder & CEO of Societal. Societal is building a parachain that makes it easy to organize, govern, and grow on-chain communities. Its streamlined SaaS application is the ideal platform to run any Polkadot community’s operations, including the creator economy, protocols, social clubs, gaming, DAOs, and more.
Societal is asking for $135,477.72 USD / 26,616 DOT in treasury funding to provide the ecosystem with a platform for community (token holder) operations and governance. Our application will work with any tokenized project in the ecosystem that is looking to add governance, treasury, and community management services to their operations.
Earlier this Summer, Societal previously submitted a referendum for treasury funding, which you can find here. The proposal made it to the confirmation period twice, however it was aborted in the final hours and did not pass. We believe that we answered all the questions that were asked about the proposal to the best of our ability, and were pleased to see a strong community discussion and voter turnout. Our conclusion from the previous proposal is that the amount asked for was too large, especially as it was our inaugural ask for funding. We have gone back to the drawing board, and reduced the proposal by ~$52k.
The reduction in the amount does come with a slightly smaller scope of work. We want to continue to prove ourselves as builders in the ecosystem and hope that we can be given the chance to do so with the new proposal amount.
Societal has already completed most of the work required to become the operating system for decentralized communities in the Polkadot ecosystem. We are seeking funding to complete an array of final features of the product, including token import, governance, and proposal features, along with the management UI to support them. We will also use the funding to conduct final testing and to start onboarding users. These features will allow new and existing communities in the ecosystem to have access to a full suite of governance, treasury, and member management systems.
Please find the revised proposal here. It would be great to hear your input and questions about our proposal and hope that the new amount suits the community.
Societal’s Track Record/Accomplishments below:
More information about Societal can be found here:
Threshold