, and Catalyst School[3] and other community groups across Asia.
Proposed Solution: Pool of Funds
To reach a global audience means meeting people where they are, in their country, their language and their culture.
We are an active part of our Cardano ecosystem. Our cornerstone event is the weekly Eastern Townhalls. But we are doing more, so much more:
- We make knowledge and content accessible to as many cultures as possible.
- We host different events where community members come together
- We bridges to underrepresented groups
- We integrate local perspectives to enrich the Catalyst Community; and
- We listen! Gathering opinions and data to help us all understand.
We are doing translations, building community, sharing knowledge, enabling entrepreneurs, and growing Cardano.
Doing all that has costs, so if we are to sustain the Eastern Townhall efforts, then we need to secure funding in a way that does not add extra effort to what we are already doing.
This proposal is about forming and maintain a pool of funds (a treasury) that is managed by the Eastern Townhall Trusted Seed. A pool of funds to spend at our discretion. The treasury will be used to cover expenses, to grow and sustain the efforts of the Eastern Townhall. Expenses like translation bounties; production of content; paying for online service subscriptions such as Zoom, Github, HackMD, Statbot and others; paying for activities related to organising the Eastern Town Hall.
Simply put this proposal is about funds for organising a community group. Establishing a resource and distributed support structure that provides funds needed ondemand without the overhead of specific Catalyst proposals.
In return, we promise to report back financial statements on our activities and expenses. Translated into as many languages as we can find collaborators for. Our intent is to pioneer and prototype DAO treasury management[3] reporting. That is not a small matter and managing a shared pool of funds has plenty of compliance complications. The reporting effort is Similar in principal to the work being done by index.coop[4] and FWB[5]. Most DAOs are still figuring this out and the best practices are not even drafts, so help us work this out.
Learning how the Eastern Town Hall is spending and allocating funds will help us attract future funding. Help collaborators identify opportunities to work with us.
Help us scale and reach more people across the Eastern Hemisphere.
KPI measurement method and goals:
A questionnaire on the number of proposers / voters / advisors is conducted for each **fund** in the community of the target country. The goal is to grow participation by 20% for each fund in the next 6 months. See our work on Catalyst Fund6 submission phase analysis[6] as a base line example.
Activities to reach KPIs
- Daily: Inquiries from the community about Catalyst are answered by our members in their respective languages. We will translate Catalyst content and publish it via our website.
- Weekly: We hold weekly planning events and meetups, sharing information about our activities with each community.
- Monthly: Our spending is reported. We will manage your finances in a decentralized manner using a multi-sig wallet.
- By Fund: Surveys will be conducted in each eastern community to count the number of voters, proposers and experts in each region.
Budget Areas
- Attendance at weekly project planning meetings that activate Eastern Hemisphere: 20 people x 2 hours x 4 weeks x 6 months x $ 15: $14,400
- Financial management, progress management, monitoring and reporting activities, other new member recruiting activities, etc .: $ 500 x 6 months = $3,000
- Common expenses: Expenses incurred across multiple projects (domain name, hosting costs, Zoom): $1,000
Total: (1) ＋ (2) ＋ (3): $18,400
▲ Discount: $8,400
Billed: $10,000
Further funding requirements in future funds will be required to maintain KPIs that support Cataslyt's success in the Eastern hemisphere
We have already started this activity and will continue to do so whether or not this funding is raised.We gave a 45.6% discount to free up funds for a wider project.
NOTE: The funds directly required for each activity, such as East Asian entrepreneurial events in the Eastern Hemisphere, meetups, translation activities, theme setting and management, etc., are not in the category of funds required for this proposal.
Intellectual Property
Participation in our community is covered by a Contributor Covenant. A Contributor License accompanies contributions to our project. The copyright of anyone's contribution is retained; the agreement simply gives us permission to use and redistribute contributions as part of the project.
All our source code is licensed under the Apache License 2.0
Our published content is licensed under the Creative Attribution-Non-Commercial-ShareAlike (CC BY-NC-SA) License v4.0.
After 6 months
We have demonstrated our ability to grow Catalyst participation in the Easted Hemisphere and East Asian countries by 20% for each fund.
References
[1] Catalyst Swarm: <http://catalystswarm.com/>
[2] Catalyst School: <https://linktr.ee/CatalystSchool>
[3] How DAOs should approach treasury management: <https://newsletter.banklesshq.com/p/how-daos-should-approach-treasury>
[4] Index Coop Q3 Financial Report: <https://medium.com/indexcoop/index-coop-q3-financial-report-summary-1eda1a2ee629>
[5] FWB DAO Financial Report (PDF): <https://www.dropbox.com/s/po8qyk71aj3zfpc/FWB> July Financial report published.pdf?dl=0
[6] Catalyst Fund6 submission phase analysis - <https://forum.cardano.org/t/catalystfund6-submission-phase-analysis/70711>