- There is a proposal to change how extra funds, called "top ups," are requested for projects using the DOT token.
- The price of the DOT token has gone down, making it hard to ask for more funds using DOT.
- It is suggested to use stable coins like USDT or USDC instead, which are not as affected by price changes.
- Many current proposals are asking for top ups, and the DOT price is $5.60 currently.
- People are discussing when it is right to ask for these top ups, considering how they can impact projects.
- The goal is to make a fair system that helps projects without causing problems due to price drops.

TimedOut

wish_for_change

Establish a rule for "top up" in Polkadot proposals to avoid the negative impact of DOT token price variation. Proposes using USDT/USDC stables instead of DOT token. Suggests considering parameters for when to do top ups and when not to, such as the size of the proposal or event. Points to a Polkadot referendum as an example. Urges the community to use the $7 million in USDT/USDC available for proposals.

Establish a rule for "top up"

- The candidate is applying for the role of Head Ambassador (HA) for Polkadot, emphasizing dedication and passion for the brand.
- They see the HA role as multifaceted, involving leadership, strategy, community support, and sales facilitation.
- The candidate has experience in technical roles, legal negotiations, and product management, including work with Apple Pay.
- They aim to mirror successful business development (BD) teams and collaborate globally to drive Polkadot's adoption.
- The candidate plans to represent Polkadot to politicians and local communities, especially in Miami, where Bitcoin adoption is high.
- They intend to create events, presentations, and online engagements to boost Polkadot's visibility and trust.
- The candidate is committed to continuous participation in Polkadot initiatives and working on bounties.
- They are open to collaborating with other crypto ecosystems to enhance Polkadot's position as a WEB3 Layer 0.

fellowship_admin

Hope Goodman is proposing to become a dedicated Head Ambassador for Polkadot, representing the brand's best interests in North America. She aims to facilitate positive changes, lead and support sales initiatives, and foster trust within the community. She has experience in legal negotiations, product management, and technical training, and plans to collaborate with other ecosystems and participate in events to drive Polkadot's adoption. She will represent Polkadot to politicians and locals and work with legal counsel to facilitate deals and lobbying where appropriate. Her goal is to connect Polkadot to real-world adoption, awareness, and usage.

Hope Clary For Head Ambassador Team

Please reject.

Tap Nation has proposed a project called "Reward Mode" to bring 734,366 new users to the Polkadot ecosystem. The project aims to integrate tokens, NFT rewards, tutorials, and leaderboards into mobile gaming, allowing players to earn crypto rewards. The goal is to bridge the gap between gaming and the crypto world, promoting blockchain education and empowering players to participate in the utility token world.

Key points about the project:
- Tap Nation will bring 73,437 new wallets per month, totaling 734,366 wallets in the Polkadot ecosystem.
- The requested funds will be used for user acquisition costs.
- The project is integrated with the Polkadot ecosystem, working with NFT solution providers and the Unity SDK developed by Polkadot Play.
- Tap Nation has a team with experience in the mobile gaming industry, achieving over 1 billion downloads and 60 million monthly active users.
- The project addresses crypto adoption, education, player engagement, and interoperability.
- Tap Nation chose Polkadot for its seamless integration, high transaction capacity, and robust security.
- The project's objectives include increasing game LTV, creating new wallets, engaging players, and promoting the Polkadot ecosystem.
- Tap Nation plans to expand "Reward Mode" and propose new Web3 concepts in the future.
- The project will be compliant with regulations in the crypto and gaming industries.
- The project will benefit players, developers, crypto enthusiasts, and the Polkadot community.

Executed

medium_spender

Dear community,

After months of work, I'm delighted to present to you a 'Reward Mode' proposal, bringing **734,366 new users** to the Polkadot ecosystem on behalf of the [Tap Nation](https://www.tap-nation.io/) team.

The project "Reward Mode" is designed to revolutionize mobile gaming by seamlessly integrating tokens, NFT rewards, tutorials, and leaderboards into the gaming experience. This feature empowers players to win tangible crypto rewards as they progress in the game.

The goal is to bridge the gap between gaming and the crypto world, creating a win-win scenario for players and the broader crypto community. A significant aspect of the "Reward Mode" project is its commitment to promoting blockchain education and teaching players about the Polkadot ecosystem, while empowering them to become informed participants in the world of utility tokens.

With this treasury proposal and the requested funds, TapNation aims to bring **73,437 new wallets (one new wallet equals one new user)** every month during the partnership period, **totaling** **734,366 wallets (users)** in the Polkadot ecosystem. The funding requested will primarily be used to cover **user acquisition costs.**

This project is integrated with the Polkadot ecosystem, working in collaboration with NFT solution providers from the Polkadot ecosystem and the Unity SDK developed by Polkadot Play. It leverages Polkadot’s secure, scalable, and interoperable infrastructure, ensuring that players can engage with various assets. This integration aligns with Polkadot’s vision of creating a connected and interoperable blockchain landscape. Furthermore, the objective is to actively promote the network through advertisements, tutorials, and informative content about blockchain technology and the Polkadot network itself.

**The team:** 

The team behind TapNation brings a wealth of experience in the mobile gaming industry, making them well-suited to undertake this project. Although specific details about past projects or contributions are not specified in the information below, they can be requested.

**The team's credentials include:**

TapNation, created in 2019, as a mobile gaming publisher, after 4 years has achieved remarkable success with **over 1 billion downloads and 60 million monthly active users.** This demonstrates the ability to develop and manage successful mobile games.

_Philippe Lenormand_, Head of Web 3, is a key member of the team with expertise in the Web3 space. He possesses the necessary knowledge and experience to lead the integration of crypto reward modes into TapNation's games.

The Team.

[Philippe Lenormand](https://www.linkedin.com/in/philippe-ld/) - Head of Web 3

[Anastase Helaine](https://www.linkedin.com/in/anastase-helaine/) - Product Manager

[Timothée Bruneau](https://www.linkedin.com/in/timoth%C3%A9e-bruneau-93b59a133/) - Lead Game Designer

[Leo Randon](https://www.linkedin.com/in/l%C3%A9o-randon-262b55138/) - Game Designer

[Kamel Haddad](https://www.linkedin.com/in/kamelhaddad/) - Backend developer

[Fabien Nicot](https://www.linkedin.com/in/fabien-nicot-40348b174/) - Lead Game developer

[Jean Hardy](https://www.linkedin.com/in/hardy-jean/) - Game developer

[Karen Bousquet](https://www.linkedin.com/in/karen-bousquet-039080130/) \- Graphic Design

[Dmitry Telegin](https://www.linkedin.com/in/dmitry-telegin/) - Lead Game Artist

TapNation believes in the transformative power of blockchain and cryptocurrencies to empower individuals and revolutionize the gaming industry. In their assessments they highlight: “_…we recognize that the value proposition of Web3.0 for gaming is not yet fully established in the space, and that we are taking a significant risk. Nevertheless, TapNation team is willing to take this risk, particularly with a partnership in the Polkadot ecosystem which proved to be the most innovative and resilient over the years…_”

TapNation chose Polkadot because it excels in three key areas:

— seamless integration of different blockchains (notably, the promise of NFT XCM and ability to transfer NFTs across the wider Polkadot ecosystem)

— high transaction capacity ( [NFT mint speed record](https://thedefiant.io/polkadots-unique-parachain-sets-new-speed-record-for-nft-mint-with-forever-has-fallen-drop))

— robust security.

These qualities perfectly align with their goal of creating secure and exciting blockchain games. By leveraging Polkadot, they believe that they are elevating the world of blockchain gaming for their community.

Additionally, TapNation team is passionate about education and wants to make complex blockchain concepts accessible to a wider audience. "Reward Mode" represents the team's commitment to innovation, education, and the convergence of gaming and cryptocurrency within the Polkadot ecosystem.

**TapNation motivation:**

— Increase player retention and engagement in our games

— Propose a better User experience for TapNation players

— Find new revenue sources to improve our model

— Build with a passionate community to create the games of the future

**The Problem Statement**.

_This project addresses several needs within the gaming ecosystem:_ 

**— Crypto Adoption:** It facilitates the adoption of cryptocurrencies by introducing players to crypto rewards in a user-friendly gaming environment.

**— Education:** It provides accessible and engaging education about cryptocurrencies and blockchain technology.

**— Player Engagement:** It enhances player engagement by offering rewards and leaderboards, thereby increasing network activity and promoting the use of Polkadot.

**— Interoperability:** By leveraging Polkadot's interoperability, our project enables cross-chain interactions and introduces players to different blockchain assets.

**Objectives and Strategy.**

**Increasing Game LTV:** By increasing retention in the selected games through the "Reward Mode," TapNation will be able to generate more revenue from the games and use a portion of this budget to finance the evolution of the project.

**_Short-Term Plans:_**

**Development and Deployment:** TapNation will work diligently to complete the development and deployment of "Reward Mode" in selected games. This includes **conducting A/B testing,** refining the user experience, and ensuring seamless integration with the Polkadot network.

**Wallet Creation\***: The goal here is the creation of **73,437 new wallets every month** during the partnership period **(734,366 wallets in total).** Those players will discover the Polkadot Ecosystem via:

-   **Promotions:** Ad placement (banners ads and in-game ads).
-   **Tutorials:** that will educate the users around Polkadot blockchain, wallets, parachains and new projects from the ecosystem.
-   **Reward** the users with a token from the polkadot ecosystem (UNQ) via Leaderboard to interact with your ecosystem.

\*Here **wallet creation = new user.** We are able to make sure the wallets are not coming from bots since we are using a tracking/data tool called \*\*Adjust. \*\*All the events that we will create with adjust and the fact that we have implemented the \*\*Adjust signature \*\*on all our games, an **anti-fraud tool**, help us to guarantee that those users are real. We are using that tool for a long time on our apps to prevent any fraud from our user acquisition channel.

**Player Engagement:** The TapNation team will actively engage with their initial user base, gather feedback, and make necessary improvements to the solution. The aim is to provide a high-quality gaming experience with cryptocurrency rewards.

**Marketing and Promotion:** TapNation team will launch targeted marketing campaigns to promote "Reward Mode" and attract players.

**Educational Resources:** TapNation will continually expand their educational resources to keep players informed about the Polkadot ecosystem. This includes regular updates, tutorials, and informative content.

This first phase of a long-term partnership with the Polkadot ecosystem must be straightforward, and the **onboarding of TapNation users needs to be smooth and gradual, as they are a non-crypto-native audience**. Additionally, the introduction of new features like dynamic NFT avatars and nesting will help TapNation to unlock engagement among their players.

So far, only play-to-earn has achieved some success in gaming, and the TapNation team is here to find new ways to bridge the crypto and gaming worlds. TapNation believes that Polkadot's advanced technology and functionality can help us achieve this.

The space is very new, and TapNation is just pioneering this path. Therefore, you will need to try multiple approaches to ensure successful engagement. For this reason, TapNation asks the Polkadot ecosystem/community to share this risk to push innovation and mass adoption within this ecosystem.

In addition, Polkadot Play and other gaming entities within the ecosystem will derive benefits from the adoption of this project, serving as a valuable case study for the platform.

**Partnerships and Grants:** 

TapNation team will actively seek technical partnerships and grant opportunities within the Polkadot ecosystem. Unique Network has committed to a grant of UNQ tokens as rewards to players and all supporting in-kind engineering to ensure the project's successful launch.

**Long-Term Plans:** 

TapNation’s long-term intentions revolve around sustainability, growth, and innovation:

**“Reward Mode” Expansion:** TapNation plans to expand their gaming portfolio, introducing new games that incorporate "Reward Mode." This will diversify the company's user base and increase engagement.

**Other Web3 Projects**: Beyond the "Reward Mode" project, TapNation aims to propose a new type of Web3 concepts that will benefit both the Polkadot ecosystem and the gaming community.

**Regulatory Compliance:** TapNation will closely monitor and adapt to evolving regulations in the crypto and gaming industries, ensuring that the project operates within legal frameworks.

**Community Engagement:** TapNation’s long-term commitment includes continued engagement with the gaming and crypto communities, listening to user feedback, and evolving to meet the changing needs and expectations of the company's stakeholders.

**Benefits for the Polkadot ecosystem.**

This project, "Reward Mode," is a dynamic component within the Polkadot ecosystem. It serves as a bridge between the gaming and cryptocurrency worlds, enriching the gaming experience by seamlessly incorporating cryptocurrency rewards, education, and leaderboards. Designed to benefit both players and the broader Polkadot community, it promotes crypto adoption and provides education through TapNation's top games, which boast millions of downloads.

**Target Audience:** 

**Players:** Mobile gamers who seek an enhanced gaming experience with cryptocurrency rewards and educational resources. Players that will see the crypto feature: 734,366 / month Wallet Creation: 73,437 / month

**Developers:** Developers within the Polkadot ecosystem, especially those interested in gaming and blockchain integration, may find value as a reference for integrating cryptocurrency rewards and advanced features into their applications.

**Crypto Enthusiasts**: Individuals interested in cryptocurrencies, blockchain technology, and Polkadot who wish to explore the gaming side of the ecosystem.

**Polkadot Community:** The broader Polkadot community, benefits from the increased network activity and adoption generated by this project.

_**Gaming Ecosystem Needs Addressed:**_ 

**Crypto Adoption:** It facilitates the adoption of cryptocurrencies by introducing players to crypto rewards in a user-friendly gaming environment.

**Education:** It provides accessible and engaging education about cryptocurrencies and blockchain technology.

**Player Engagement:** It enhances player engagement by offering rewards and leaderboards, thereby increasing network activity and promoting the use of Polkadot and Unique.

**Interoperability:** By leveraging Polkadot's interoperability features, our project enables cross-chain interactions and introduces players to different blockchain assets.

**Similar Projects:**

While there may be projects within the broader blockchain and gaming landscape that offer Play & Earn solutions, our integration with Polkadot sets us apart by offering seamless wallet creation and onboarding for non-crypto-native users, as well as advanced NFT features. Our project's deep integration within the ecosystem and into our Top Games provides a unique value proposition. This combination distinguishes us from similar projects and positions us within the Polkadot landscape.

_**Stakeholder benefits:**_ 

**Crypto Adoption:** It facilitates the adoption of cryptocurrencies by introducing players to crypto rewards in a user-friendly gaming environment.

**Education:** It provides accessible and engaging education about cryptocurrencies and blockchain technology.

**Player Engagement:** It enhances player engagement by offering rewards and leaderboards, thereby increasing network activity and promoting the use of Polkadot and Unique.

**Interoperability:** By leveraging Polkadot's interoperability features, our project enables cross-chain interactions and introduces players to different blockchain assets.

[Pitch Deck:](https://docs.google.com/presentation/d/1Xv5tM3KcnBCsXGud9XOK2j6VhppGQPFmqj6-Fx8Lil8/edit?usp=sharing) TapNation’s pitch deck provides a comprehensive overview of the project, outlining its objectives, features, and the technology stack. It includes visual representations of UI components, data models, and a roadmap for development and deployment.

[Mockups/Designs:](https://marvelapp.com/prototype/1056gbeh) The TapNation team has prepared mockups and designs (first draft) of the user interface components for "Reward Mode." These include the in-game UI elements, profile customization screens, wallet creation process, and leaderboards. The designs are user-friendly and intuitive, ensuring a seamless user experience.

**Data Models/API Specifications:** 

![](https://i.ibb.co/DGt3zw7/TN.png)

The core functionality of the project includes handling user profiles, distributing rewards, tracking leaderboards, and integrating wallets.

**Technology Stack:** Our technology stack comprises a mix of robust and scalable technologies, including but not limited to:

Front-end: Unity

Back-end: Node JS

Database: BigQuery: SQL data warehouse + Memory Store / Redis: No SQL database

Wallet: Unique SDK

**Milestones/Cost Breakdown**

This section includes the development roadmap with a breakdown of milestones and deliverables.[Check the Link](https://docs.google.com/spreadsheets/d/1pZGjK50g7lq1RdCUw55iQBkPFQP_xz9OXIJAv7KWWNg/edit?usp=sharing)

**Total Estimated Duration:** 12 months (minimum)

**Full-Time Equivalent (FTE)**: Not specified in the information

**Total Costs**: 407,300€ -> refer to Doc [HERE](https://docs.google.com/spreadsheets/d/1pZGjK50g7lq1RdCUw55iQBkPFQP_xz9OXIJAv7KWWNg/edit?usp=sharing)

**_Milestone Breakdown:_**

**Milestone 1:** Proof of Concept

Crypto Feature Development

Integration of Polkadot Partner SDKs

Integration of the solution into our 2 hit games

Feature Iteration

Duration: 13 months

Cost: 186,990€ _**(50,000€ of this amount will be at the charge of TapNation)**_ 

**Milestones 2 to 11:** Monthly creation of 73,437 wallets

Duration: Starting from game launch (at month 4) and for a minimum of 10 months

Cost: 22,031€ per month, totaling 220,310€

The project's estimated duration spans 12 months, and the total requested amount is 357,300€ (This amount is the sum of the Development Cost minus the 50K€ in-kind development from TapNation, plus the User Acquisition cost). The milestones are designed to ensure a gradual and successful integration of the crypto reward mode into the selected games, wallet creation, and ongoing evaluation of wallet creations.

\*Here **wallet creation = new user**. We are able to make sure the wallets are not coming from bots since we are using a tracking/data tool called **Adjust**. All the events that we will create with adjust and the fact that we have implemented the **Adjust signature** on all our games, an anti-fraud tool, help us to guarantee that those users are real. We are using that tool for a long time on our apps to prevent any fraud from our user acquisition channel.

**_357,300€ is requested for this project._** This number of DOTs represents all the Milestones. One treasury submission for the all project (all milestones in one submission).

The Cost will reflect 2 aspects:

**— The User Acquisition cost** 

**— The Development cost**

Proposer contact information:

Via email: [louis@tap-nation.io](mailto:louis@tap-nation.io) (TapNation Chief of Staff & CFO) or

[philippe.lenormand@tap-nation.io](mailto:philippe.lenormand@tap-nation.io) (TapNation Head of Web3) or

[irina@bq9.io](mailto:irina@bq9.io) (BQ9, ecosystem growth agency)

[Kraken DOT to USD](https://www.kraken.com/convert/dot/usd) 5% to secure the DOT price variation. Budget detail: [Check the Link](https://docs.google.com/spreadsheets/d/1pZGjK50g7lq1RdCUw55iQBkPFQP_xz9OXIJAv7KWWNg/edit?usp=sharing)

_The TapNation team learned about Polkadot through [Irina Karagyaur](https://www.linkedin.com/in/irina-karagyaur/), who introduced Philippe Lenormand to the Polkadot ecosystem and helped shape this proposal._

Tap Nation proposes "Reward Mode," integrating tokens, NFT rewards, tutorials, and leaderboards into mobile gaming. They aim to bring 734,366 new users to the Polkadot ecosystem, requesting €357,300 for user acquisition costs. The project will educate players about Polkadot and promote blockchain education. Tap Nation plans to expand their gaming portfolio and propose new Web3 concepts. The project benefits players, developers, crypto enthusiasts, and the Polkadot community. The project duration is 12 months, and the milestones ensure a gradual and successful integration of the crypto reward mode into the selected games.

"Reward Mode" - Unlocking Gaming Rewards with Polkadot.  TapNation is introducing 734,366 new users to the Polkadot ecosystem, adding 73,437 new wallets every month throughout the partnership period.

- 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.

big_tipper

WHO: The proposer (not specified)
WHAT: Requesting a top-up of $4812.56 (equivalent to 724.78 DOT) to maintain the Universal Hybrid Faucet for 2 years.
PRICE/TIMEFRAME/RESOURCES: $4812.56, 2 years.

 Top Up request: Universal Hybrid Substrate Faucet

- The Plaza Smart Contract Tooling project is looking to improve its proposal based on community feedback.
- They realized they should have shared more details about their research and plans earlier.
- The team has been part of the Polkadot community since 2019 and has experience in Web3 projects.
- Their updated proposal includes feedback and aims to explain their goals and connections with other projects.
- Key improvements to the proposal cover the team's background, the importance of their project, and how it fits within a larger vision.
- They encourage people who previously voted against the proposal to review the changes and reconsider their vote.

Rejected

big_spender

The proposal is for Plaza IDE, a smart contract editor tool for the Polkadot ecosystem. The updated proposal includes details on the team's background, the context of Web3 and Polkadot, the vision for the tool, and partnerships. Testimonials from industry professionals are also included. No specific price, timeframe, or resources are mentioned.

Plaza smart contract tooling

**Mexican Collective Head Ambassador Proposal**

- **Introduction**: The Mexican Collective is a group of 7 ambassadors promoting Polkadot in Mexico, the U.S., and Europe.
- **Background**: Members are active in various Polkadot-related DAOs and have been organizing events and onboarding users.
- **DV Delegate**: The Collective was selected as a DV delegate, participating in OpenGov to represent the community.
- **Economic Potential**: Mexico is a large, growing economy, making it a key area for Polkadot's expansion.
- **Work Agenda**: The Collective plans to represent Polkadot at events, link with the government, onboard users, and collaborate with other teams.
- **Compensation**: Funds will cover the collective's efforts and operational costs, including travel.
- **Members' Backgrounds**: The team includes professionals with diverse backgrounds, all contributing to the Polkadot ecosystem.
- **Support**: The proposal seeks support to further Polkadot's adoption in Mexico and beyond.

WHO: Mexican Collective, 7 ambassadors representing Polkadot in Mexico.

WHAT: Proposal for a Head Ambassador in Mexico to lead the adoption of Polkadot, represent Polkadot at events, link Polkadot to the Mexican government, onboard new users and devs, establish links between Polkadot and the business sector, and present a business development proposal tailored to Mexico needs.

PRICE/TIMEFRAME/RESOURCES: Salary to compensate the 7 members of the collective and operational costs like traveling to events to represent Polkadot. No specific price or timeframe mentioned.

Polkadot Head Ambassador Application: Mexican Collective

small_tipper

Hey, everyone...  
  
I did not recall N4DRO had been paid to do this work and maintain the bot for others in the ecosystem, so I will retract the small tip.  
  
That said, I am still incredibly grateful for his help and encourage anyone in the Polkadot ecosystem to reach out and have this bot installed in your Discord server (especially needed with groups, and would likely help individual DVs to reduce time spent on voting).  
  
Thanks for your understanding!  
  
Gratefully,  
  
Phunky

WHO: N4DRO and anyone in the Polkadot ecosystem. 

WHAT: Install a bot in Discord server to help with voting.

PRICE/TIMEFRAME/RESOURCES: Not specified.

PLEASE VOTE NAY 😅

### Georgi's Head Ambassador Proposal

- **Introduction**: Georgi has been active in the Polkadot ecosystem since 2021, focusing on community building and business development.
- **Focus**: Georgi plans to strengthen the developer community in Eastern Europe, starting with Bulgaria.
- **Eastern Europe**: Countries like Bulgaria have strong IT sectors, good education systems, and government support, making them ideal for developer communities.
- **Collaboration**: Georgi will work with companies like Limechain for technical support and others to provide resources and support networks for developers.
- **Business Development**: Georgi will continue contributing to business development while focusing on community building.
- **Mission**: Georgi aims to attract new developers and drive institutional adoption of Polkadot technology.
- **Strategic Plan**: Georgi plans to integrate Substrate into Bulgarian universities, organize hackathons, create high-quality content, and represent Polkadot at events.
- **Support and Remuneration**: Georgi has support from Limechain and others, and plans to share remuneration with partners and external companies.

WHO: Georgi, a Polkadot community member
WHAT: Proposal to become Head Ambassador and focus on strengthening and expanding the Polkadot developer community in Eastern Europe, starting with Bulgaria, while maintaining business development activities.
PRICE/TIMEFRAME/RESOURCES: Remuneration will be shared with partners supporting Georgi, and a strategic plan for the first three months includes integration with educational institutions, hackathon initiatives, creation of high-quality content, organization and representation at events, and preparation of use cases.

Head Ambassador Proposal for Polkadot - Georgi #900

This proposal is about getting $1 million to sponsor big meetings and conferences for Polkadot, a digital money project. The goal is to find more money for Polkadot projects. Harbour Industrial Capital will organize these events, but other Polkadot projects and people can join too. They want to include many different speakers and make it open for everyone. 

The proposal is improved from a previous one, Ref 731, and now it is more inclusive and cost-efficient. Harbour Industrial Capital has experience in raising money and investing in Polkadot projects. They believe that having a big fund for Polkadot is important to help projects grow and get more money.

Family offices, which are rich investment groups, are a good way to bring more money into Polkadot. Harbour Industrial Capital can help these family offices invest in Polkadot projects easily. They also want to include other Polkadot projects, leaders, and funds in these events.

The budget for this plan is about $1 million, and they plan to organize around 20 events in two years. The money will be used to pay for event sponsorships and other costs. You can read the full proposal by clicking on the link provided.

_This proposal aims to obtain a marketing budget of US$1 million to sponsor a series of ~20 major established global family office summits and traditional investment conferences, which is where we see the greatest opportunity for untapped capital. The Polkadot presence at these conference series will be organised by Harbour Industrial Capital, but will be open to all Polkadot-based projects, ambassadors, VC funds and other ecosystem players who are interested in raising capital as part of this initiative._

_The full proposal can be found [here](https://docs.google.com/document/d/1oTgQ9Cd8jWm8NpTyCxm_xxTaisIHFeVaxs7oUHGIfjs/edit?usp=sharing)._

**Key changes compared to Ref 731**

This proposal is a revised version of [Ref 731](731), which was narrowly rejected during confirmation period on 2 June. We have received 31 comments for the proposal, most of which were extremely positive. However, there were also a few more critical points, primarily relating to the question whether this events series benefits Harbour Industrial Capital disproportionally. We took these suggestions to heart, made significant adjustments, and are pleased to present the revised proposal below.

-   **More Inclusive**: We will open up the conference series to all Polkadot ecosystem teams who are interested in fundraising alongside us. We will put them up on stage to present in front of an audience of wealthy investors who will be able to invest in their project directly. We commit to bringing on a diverse set of speakers, who we will invite via public Call for Speakers, well ahead of each event. This may include established Polkadot based-projects, early-stage Polkadot startups, members of Parity/W3F as well as other independent Polkadot ecosystem funds who are looking to raise capital.
-   **Head Ambassadors**: In early June the new Head Ambassador (HA) program was launched, and we are planning to involve the newly appointed ambassadors in all our events. HAs have been elected by the community to officially represent Polkadot, and speaking on stage at these investment conferences will be a great showcase for the HA program, as well as being a major driver for new capital inflows to Polkadot. Max and Mario of Harbour Industrial Capital are currently also running for HA, and – if successful – will use the ambassador designation (rather than Harbour Industrial) to speak at these conferences.
-   **More budget efficient**: If an external marketing agency organised the same events series, they would charge a salary for their employees, overhead, as well as a profit margin. We on the other hand are proposing to organise it at cost with no salary for ourselves.

Some people may still argue that despite the changes, the events series still benefits the Harbour Industrial Capital ecosystem fund disproportionally. This may well be the case, but keep in mind that having a new large ecosystem fund is clearly in the interest of Polkadot. In the end, the primary purpose of sponsoring these investor conferences is to drive fresh capital into our ecosystem. Whether this happens directly (for projects we bring to the events), or indirectly via our fund, should not be the primary concearn.

**Proof of Work**

Who we are and what we have done so far

As per Q1 2024, Harbour Industrial Capital has raised a Polkadot fund with AUM of US$10 million from around 40 LPs Exclusively deployed this in the Polkadot Ecosystems; Invested in over 20 parachains and other Polkadot-based projects Organisers of the Polkadot monthly meetup HK; speakers for Polkadot at many events including Sub0, ParisDOTcomm, Web3 Festival, WOW Summit, TeamZ and Polkadot PULSE TradFi background (Morgan Stanley, Deutsche Bank and Bank of China) and proven ability of bringing non-crypto native investors into Polkadot.

**Why We Need a New Large Polkadot Fund**

The unfortunate answer is: Because many traditional VCs still ignore projects building on Polkadot. Ask any team that recently tried to raise money from generic crypto VCs, a frequent reply is “You’ve got a good team and good idea, but why are you building on Polkadot?”. Sure, we believe this narrative will change over time as other capital allocators slowly begin to realise the potential of Polkadot. But in the meanwhile, we need a dedicated Polkadot-only VC, that helps all the exciting new projects building on Polkadot get off the ground.

It is a chicken-and-egg problem: If Polkadot based projects are starved of capital vis-a-vie those building in other ecosystems, Polkadot will never get the liquidity and “hype” that ultimately attracts more capital. Having worked in the ecosystem for many years, it’s sad to see quality Polkadot based projects migrate to other L1s/L2s, not because of the tech, but simply because they believe they have better opportunities to get VC funding there. We want to change that, and make Polkadot the place great builders go and access capital.

**Family Offices as LPs**

When looking to bring significant amounts of new capital into Polkadot ecosystems, we believe that Family Offices are the most promising investors. But why promote a Polkadot Ecosystem Development Fund, when people can just invest directly into Polkadot? There are at least three good reasons:

-   **A familiar structure for FOs** We will incorporate the fund in the Cayman Islands, as a standard GP/LP fund. This is the most common structure for VCs, and one that most FOs have probably used in the past for investment in VCs in different industries. They can wire cash to our bank account in the fund’s name, and get paid out the same way. No need to set up exchange accounts, or remember private keys. For crypto natives this may sound trivial, but for traditional FO who we target here this still constitutes a high barrier to entry.
-   **Entire Ecosystem** A simple investment into Polkadot may involve the purchase (and possibly subsequent staking) of DOT. However, to identify promising startups building on Polkadot requires in depth knowledge of the ecosystem and extensive due diligence. It is also exactly these startups to which we want to funnel the capital that they will require in their growth journey. It is unrealistic to expect FOs who come from different industry backgrounds to do this on their own.
-   **Active follow-ups** This may be the most subtle, but also the most important reason. Nobody “owns” Polkadot, hence nobody is incentivised to follow up with potential investors from the conference, arranging calls and continuing the conversation until the investment is made. Harbour Industrial Capital on the other hand has a great track record of converting leads into actual investors for Polkadot.

**Why Harbour Industrial Capital?**

Harbour Industrial Capital (HIC) is a private Polkadot VC fund, established by Max Rebol and Mario Altenburger in 2021. We are registered in the Cayman Islands and headquartered in HK. As of Q1 2024 we have an AUM of over US$10 million. We have raised this money from private investors such as Family Offices, and subsequently deployed it exclusively in the Polkadot ecosystem. Fund 1 held its final closing on 31 December 2023, and we are about three quarters deployed. The plan is to launch Fund 2 towards the end of 2024, with a target size of US$ 100 million.

**Inclusive Representation of Polkadot**

While Harbour Industrial Capital will take the lead in organising these events, we will actively bring a diverse set of people from within the Polkadot ecosystem to these events:

-   Head Ambassadors: In early June the new Head Ambassador (HA) program was launched, and we are planning to involve the newly appointed ambassadors in all our events. HAs have been elected by the community to officially represent Polkadot, and speaking on stage at these investment conferences will be a great showcase for the HA program, as well as being a major driver for new capital inflows to Polkadot. We will select HAs based on their public speaking track record and their location, preferring to work with those who are based nearby the conference location.
-   Polkadot-based Projects: We will publish a Call for Speakers, targeted at Polkadot-based teams, two months ahead of each conference. We will put them up on stage to speak about their projects, which at the same time will be a testimony to Polkadot capabilities. If investors in the audience subsequently get interested in this particular project they can exchange contacts and invest directly. At Harbour Industrial Capital we take pride in facilitating conversations between Polkadot-based projects and independent investors, and have a strong track record of doing so.
-   Parity and Web3 Foundation: We will extend invitations to speak at these events to Polkadot’s senior leadership team. Of course we would love to have Gavin at some of our events, but even if he can’t make it, there are many other people we would like to involve. This could include Parity’s Investor Relations team, or experts from the Web3 Foundation to speak on a particular topic relevant to the conference.
-   Other Polkadot Ecosystem Funds: As this event series will be a treasury funded initiative, we would like to extend the invitation to any other VC fund that is looking to raise capital for the Polkadot ecosystem. Their representatives will speak about Polkadot on stage, and will be able to promote their own fund to attending investors. From our perspective it does not make a difference which channel/fund is being used, so long as these conferences bring more capital into the Polkadot ecosystem.

**Budget**

Please find our proposed budget in the table below. Kindly note that this is still a draft, as the cost of many items are yet to be confirmed. Most importantly, the exact sponsorship fee will vary from event to event, and has to be negotiated with each event organiser. The numbers below are averages based on initial discussions we have had with different organisers. We have applied a discount of 50% for sponsoring an entire events series (rather than a one-off event), as all organisers prefer long-term partnerships and encourage them with such discounts. It is also the primary reason why we have decided to do this treasury proposal rather than go through the Events Bounty, which only supports one-off events.

Please also note that the amount between line items in this table may shift, depending on actual costs, so long as the total of $1m is not exceeded. A key variable in this budget is the number of events we will organise. We propose 20 events throughout the fundraising period of two years. However, it may end up being 15 or 25, depending on the actual costs of the initial events.

This means, we will continue organising the fundraising events, until this budget is used up. We believe that this approach is well aligned with the interests of the treasury: The more events we are able to organise, the more commitments into the fund we are likely to get, and the more capital we will have available to invest back into the Polkadot ecosystem.

![budget overview](https://i.ibb.co/gjYFGfM/Screenshot-2024-05-10-at-10-58-59-AM.png)

**Continue Reading**

The above is just a short summary. To read the proposal in full, including graphics and additional links please click [here](https://docs.google.com/document/d/1oTgQ9Cd8jWm8NpTyCxm_xxTaisIHFeVaxs7oUHGIfjs/edit?usp=sharing).

Harbour Industrial Capital proposes to obtain a marketing budget of $1 million to sponsor a series of ~20 major family office summits and investment conferences to raise capital for the Polkadot ecosystem. The events will be open to all Polkadot-based projects, ambassadors, VC funds, and other ecosystem players. The proposal aims to bring fresh capital into the ecosystem and will be organized at cost with no salary for the organizers. The proposal includes a budget breakdown for the events, and the events will continue until the budget is used up.

Revised Proposal: Polkadot Sponsorship of traditional Family Office Investment Conference Series

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### OneBlock+ Hackathon Proposal Summary

- **Proponent**: OneBlock+ (12BJTP99gUerdvBhPobiTvrWwRaj1i5eFHN9qx51JWgrBtmv)
- **Requested Allocation**: 134,899 DOT
- **Hackathon History**: Organized 6 successful hackathons in Shanghai, Hangzhou, Chengdu, and Hong Kong from 2021 to 2023.
- **Participation**: Over 300 teams and 1000+ developers participated in these events.
- **2024 Plan**: Proposes to continue the Polkadot Hackathon from July to November 2024.
- **Locations**: Singapore and Bangkok in the second half of 2024.
- **Events Alignment**: Coincides with token2049 in September and Devcon in November.
- **Fund Allocation**: 30% for operating costs, 70% for rewards to winning teams.

WHO: OneBlock+

WHAT: Proposes to continue the Polkadot Hackathon program from July 2024 to Nov 2024 and bring it to Singapore and Bangkok in the second half of 2024.

PRICE/TIMEFRAME/RESOURCES: Requested allocation of 134,899 DOT to host, prize, and organize the 2024 Polkadot Hackathon in Singapore and Bangkok. Operating cost is 30% of the total cost, and 70% fees are distributed to the winning team as rewards.

2024 Polkadot Hackathons (September 2024 in Singapore and November 2024 in Bangkok)

whitelisted_caller

[Whitelisted Caller] Update Max HRMP Channels

Referendum #644, also known as the "Top Up" referendum, is a proposal to request additional funds for a community-approved sports sponsorship. The proponent, ORSEN_SEAN, is seeking 598K DOT to cover the price difference and provide a 15% buffer against price volatility. The beneficiary is a multi-sig account with 9 trusted community members. No funds have been transferred from the multi-sig, and none will be without full disclosure of contract terms. If the DOT price increases, any additional funds beyond the $8.82m requested in Referendum #644 will be returned to the treasury.

[REFERENDUM #644](referenda/644) "Top Up"

**Proponent:** ORSEN\_SEAN - 1eUsBZgJuvpmVNBrBSRQ9gjPTuH6QMAnQrdwQ1ZXwa5FEvo

**Beneficiary:** Multi-sig - 13JJDv1yBfMtP1E66pHvm1ysreAXqkZHxY5jqFR4yKPfL2iB

Multi-sig with 9 trusted members of the community. 

**Status:** Currently in contract negotiation with community approved sports sponsorship proposition. 

No Funds have been transferred from Multi-sig, or will be transferred without full disclosure of contract terms.

**Top Up Funds Requested:** 598K DOT

In referendum #644 we requested a total of $8.82m with the day's EMA7 of $9.11 This was a total of 968k DOT. Current EMA7 is $6.12 at Block #21288919. The Multi-sig currently has insufficient funds to enter the agreement approved by the treasury.

In this referendum we are requesting a total of 598k DOT to cover this price difference with a 15% buffer to protect against further price volatility.

In the event of DOT Price increase, any funds in addition to the $8.82m requested for and approved by treasury during Referendum #644 will not be transferred from the Multi-sig and will be returned to the treasury.

WHO: Multi-sig with 9 trusted members of the community. 

WHAT: Requesting 598K DOT to cover the price difference for a community-approved sports sponsorship proposition. 

PRICE/TIMEFRAME/RESOURCES: Not specified.

Requesting "Top Up" of Approved Ref #644 due to DOT price change

- A proposal suggests including Dot Code School in marketing for Polkadot.
- The school teaches how to create web3 applications using the Polkadot SDK.
- It has two catchy taglines focused on fast learning and understanding.
- The proposal is based on previous important decisions called referendums.
- These referendums show that marketing needs special permission to include schools. 
- You can find more about Dot Code School on their website.

WHO: Dot Code School
WHAT: Inclusion of Dot Code School in marketing narratives funded by Polkadot Bounty #33 - Marketing Bounty, specifically, use of the following taglines.
PRICE/TIMEFRAME/RESOURCES: Not specified.

Inclusion of Dot Code School in Marketing Narratives

- **Event:** Asia Blockchain Summit (ABS) 2024
- **Dates:** August 06-08, 2024
- **Location:** Taipei Nangang Exhibition Center
- **Organizers:** Founded by Andrew Fai and BlockTempo Media Group in 2018
- **Purpose:** Promote blockchain adoption and address regulatory challenges
- **Polkadot's Goals:**
  - Showcase Polkadot 2.0 and JAM Chain
  - Increase visibility in the global blockchain community
  - Foster partnerships and attract new developers, partners, and investors
- **Polkadot's Role:** Demonstrate cutting-edge technology and community collaboration
- **More Information:** Visit the [ABS 2024 Website](https://abs2024.asia/) and read the full proposal [here](https://docs.google.com/document/d/1n5xnIjFvd1BqB3IwT22F3EmX3OT5k9mso_fR82L_huc/edit).

**Polkadot proposes to sponsor Asia Blockchain Summit 2024** to showcase Polkadot 2.0 and innovations like the JAM Chain, enhance visibility, foster partnerships, and attract new developers, partners, and investors. The event will be held from August 06-08, 2024, at the Taipei Nangang Exhibition Center. No information on the cost or resources required is provided in the abstract.

Asia Blockchain Summit 2024 Sponsorship

- OpenZeppelin is sharing its third plan to help build safe parachains for Polkadot.
- They have finished important development work and had their work checked by experts.
- They talked with parachain teams and gathered ideas to improve their project.
- They plan to create a new template for parachains and share their work on GitHub.
- OpenZeppelin wants to keep working with the community to make sure their ideas are helpful.
- They are open to feedback to make Polkadot stronger.
- This is part of their ongoing efforts to support the Polkadot ecosystem.

OpenZeppelin requests funding to develop the Second Parachain Runtime Template and engage further with the Polkadot ecosystem. The proposal aims to accelerate the development and deployment of secure parachains in the Polkadot ecosystem. No information is provided regarding the price, timeframe, or resources.

Proposal: OpenZeppelin x Polkadot Ecosystem Growth Phase M3

Please vote Nay - Technical issues with Pure Proxy

- Snowbridge has launched, allowing the ERC-20 Wrapped Ether (WETH) token to be used on AssetHub.
- WETH has been registered on AssetHub, making it a sufficient asset.
- This change allows WETH accounts to exist without needing a DOT balance or another sufficient asset.
- It improves user experience for new users who might not have a DOT balance on AssetHub.
- The Snowbridge UI will still warn users before transferring WETH without the required existential deposit.
- The referendum also updates WETH's metadata on AssetHub to match its metadata on Ethereum.
- The updated metadata includes the name "Wrapped Ether," the symbol "WETH," and 18 decimals.

WHO: Snowbridge

WHAT: Set WETH to be a sufficient asset and update its metadata to match Ethereum's metadata.

PRICE/TIMEFRAME/RESOURCES: Not specified.

[Whitelisted Caller] Make WETH asset sufficient and set asset metadata

**Angelina's Role in Polkadot Community**

- **Based in Dubai**: Angelina represents Polkadot and Kusama in the UAE.
- **Joined in 2022**: She has been active since then, focusing on community growth.
- **Events and Community Building**: Organizes events like meetups and hackathons.
- **Representation**: Attends high-profile crypto events in Dubai.
- **Future Plans**: Wants to increase community engagement and partnerships.
- **Achievements**: Grew the community by 50%, organized 10+ events, and formed key partnerships.
- **Social Channels**: Manages Telegram, Twitter, and Discord for the community.
- **Vision**: Aims to keep Polkadot at the forefront of blockchain technology.

Angelina, the regional ambassador for Polkadot in the Middle East, is seeking to become the Head Ambassador. She plans to increase community engagement, strengthen partnerships with local and international blockchain organizations, and launch educational programs. She has grown the Polkadot community by +50%, represented Polkadot at over 25 key events, and formed strategic partnerships. She is committed to expanding Polkadot's reach even further. The proposal does not mention a specific price, timeframe, or resources needed.

Polkadot Head Ambassador Application: Angelina 

- A new vote system is being introduced for Polkadot validators.
- This change allows up to 500 validators to be added.
- Validators can approve more candidates at once.
- It will help use less internet and computer power.
- There are links to useful information about these updates.
- These improvements are needed to help Polkadot grow.

WHO: Polkadot validators

WHAT: Enact two approval voting protocol improvements to scale up the number of validators to 500.

PRICE/TIMEFRAME/RESOURCES: Not specified.

Enable approval voting protocol improvements

- Gavin was not made an active member of the Fellowship, which caused a proposal to not succeed.
- He is trying again to join the Fellowship with the same proposal.
- Gavin's email is gavin@parity.io and he has been in the Polkadot project since November 2022.
- He is very knowledgeable about technical design and the direction of the Protocol.
- He has made many important contributions, like improving tools for message referencing.
- Gavin has also designed the Open Governance Model for Polkadot.
- His work and ideas help shape the future of the Polkadot network. 
- The Fellowship needs to vote for him to be promoted to a higher rank.

WHO: Gavin Wood

WHAT: Resubmitting proposal for induction into the Polkadot Fellowship as an active member at Rank VII Dan

PRICE/TIMEFRAME/RESOURCES: Not specified

Resubmission of Promotion to "VII Dan: Free Master" for Gavin Wood - Evidence below

- Alzymologist listened to community feedback and updated their proposal.
- They removed the dock station and metadata-related work from the plan.
- They are focusing on improving Kampela's design and usability.
- The project will have four milestones, each with specific tasks and goals.
- Different experts, like UX designers and engineers, will work on the project.
- The total cost for the project is €565,000.
- Alzymologist Oy, a Finnish company, will manage the funds and employ the team.

Alzymologist has revised their proposal for Kampela firmware and Siltti hardware design, removing the Dock station and metadata-related work. The proposal includes a breakdown of milestones, team composition, and budget, with a total cost of €565,000 for a duration of 20 weeks. Alzymologist Oy, a registered Finnish company, will be the recipient of the funds.

Kampela Productizing Proposal, Redux

- This proposal asks if we should add smart contracts to Polkadot's Asset Hub system by the end of 2024.
- It would use new technology called PolkaVM and a tool to make Ethereum contracts work on Polkadot.
- Adding smart contracts would make it easier and faster to work with assets on Polkadot.
- It would also let developers use Solidity, a popular programming language for smart contracts.
- This could make Polkadot more attractive to developers and businesses.
- However, it might make Asset Hub more complex and could compete with other Polkadot parachains.
- The community will need to help with tools, marketing, and education to make this successful.

Parity proposes adding a smart contract execution environment to Polkadot's Asset Hub parachain, allowing synchronous and permissionless interactions with assets. The proposed solution will be based on pallet-contracts, PolkaVM, and an EVM to PolkaVM recompiler for Solidity/EVM compatibility. The deployment is targeted by the end of 2024. Parity will provide the core technology, but the community is needed for tooling and integration, marketing, communication, education, and liquidity from Ethereum. The first milestone is planned to be rolled out at the end of this year.

Should we allow EVM compatible contracts on Asset Hub?

- Patrizia De Bella is a member of the Polkadot ecosystem since 2018.
- She is applying for the position of Operations Executive (HA).
- Her role would focus on enhancing efficiency, strategic alignment, and growth.
- Patrizia's expertise in operations management would simplify HA goals and ensure smooth daily operations.
- A full proposal with details is available at [this link](https://docs.google.com/document/d/1Nl4dYdHf79ZA-nXWFfI3g8PUsRAGLZVZO16eVc5a99E/edit?usp=sharing).
- She looks forward to discussing her qualifications and vision for the role.
- Patrizia thanks the community for considering her application.

WHO: Patrizia De Bella
WHAT: Applying for the position of Operations Executive in the Polkadot ecosystem
PRICE/TIMEFRAME/RESOURCES: Not specified.

Polkadot Head Ambassador Application: Patrizia De Bella

root

staking_admin

treasurer

lease_admin

general_admin

auction_admin

referendum_canceller

referendum_killer

small_spender

OpenGov Referenda

Origin able to dispatch a whitelisted call.

Origin for signaling that the network wishes for some change

Origin able to cancel slashes and manage minimum commission.

Origin for spending up to 10,000,000 DOT from the treasury as well as generally administering it.

Origin for managing the composition of the fellowship.

Origin able to spend around 250 DOT from the treasury at once.

Origin able to spend around 1,000 DOT from the treasury at once.

Origin able to spend around 10,000 DOT from the treasury at once.

Origin able to spend around 100,000 DOT from the treasury at once.

Origin able to spend up to 1,000,000 DOT from the treasury at once.

OpenGov Referenda

Referenda Tracks