NOTE (May 6, 2022): This is part 2 of on-chain treasury proposal #111. Please consider this together with on-chain treasury proposal #111, toward a grant request total as detailed in the proposal below. We request to receive approval on both proposals in order to cumulatively receive the correct grant amount.
After a community launch in September, in over 7 months we have built a 9000+ community including investors, developers, students, web3 entrepreneurs as well as crypto & blockchain enthusiasts. Our monthly event properties - Dot Friday(Guest Webinars) and Substrate Saturday(Bootcamps for Developers) have seen growing traction and to keep growing the Polkadot community in India.
Now, with an aim of impacting 5000+ more crypto enthusiasts and 1000+ new developers over 3 months (Apr, May & Jun 2022), here's a proposal for our next set of 3 DotFriday Webinars and 6 Substrate Bootcamps, paving way for the bigger plans ahead toward building an Indian blockchain & web3 community. We hence seek the Polkadot Treasury Grant to make this possible.
Details along with the complete proposal and past results can be found in this post.
Here's the Math for the calculation:
A. Proposal Value: 105,960 USD
B. EMA30 Dot Value (May 5, 2022): 17.581 USD
C. Proposal Amount in Dot (A/B): 6026.9 DOT
D. Bond value (C*5%): 301.345 DOT
E. Already requested in proposal #111: 328 DOT
F. Balance Amount (C-E): 5698.9 DOT
SubSquare is a group that helps people learn about blockchain and cryptocurrency in India. They have built a community of over 9000 people in 7 months. They want to impact 5000 more people and train 1000 new developers in the next 3 months. They are asking for a grant from the Polkadot Treasury to make this possible. The grant amount they are asking for is 6026.9 DOT, which is worth $105,960. They have already requested 328 DOT in a previous proposal, so they need 5698.9 DOT more to complete this proposal.