The purpose of this proposal is to top up our total initial request from REF #634 as due to the fluctuation of DOT price we received 29.7% less.
-Initial Request: $298,480, equivalent to 31,353 DOT at $9.51 per DOT.
-Received (12.05.24): $209,845 , equivalent to 31,353 DOT at $6.69 per DOT.
-New Request: $88,635, equivalent to 13,242 DOT at $6.69 per DOT.
View proposal #634 here.
Thank you.
Due to the fluctuation in DOT's price, the funds received were significantly less than anticipated—29.7% less. Given the above numbers, it makes sense to approve this top-up to ensure the project's funding is aligned with the initial budget. Keep up the great work, Guys!
Cheers, Jimmy