**KSM Treasury Proposal**：  KSM Financial Research Project

**Proponent** : HfFUQ8rt6qD9brCTAtxinzNzPfwn374fhUKP4Lh4R5aKYRM

**Date**：15.04.2023

**Requested KSM** ：1546 KSM (54,400 USD) in this proposal,
**Total request**： 1932 KSM (68,000 USD),
I propose an 80/20 payment structure: 80% of the total amount to be paid upfront, and the remaining 20% upon project completion. In other words, 1546 KSM as an initial payment and 386 KSM to be paid after the project is successfully completed. The price for each installment will be calculated on those dates to KSM (35.189 USD per KSM） using the EMA7 rate on Subscan .


**Proposal Overview**: Hi everyone, I'm Kyle peng. First and foremost, I would like to extend my heartfelt gratitude to Polkaworld for their relentless efforts in keeping up with the latest developments of Polkadot and Kusama and for encouraging me to apply for treasury funds. As China and Hong Kong are actively promoting web3.0, KSM, a leading project in web 3.0, lacks academic paper support in China. This proposal aims to apply for KSM treasury funds to advance the KSM financial research project from a financial perspective. Even though KSM and DOT exhibit certain financial characteristics, such as their crowdloan initiatives closely resembling primary market models, the SEC has already classified Polkadot as software, not a security. This project seeks to compose research papers focused on the financial aspects of the Kusama network and Polkadot, examining from a financial standpoint why DOT and KSM are not securities, and drawing on the synergy between finance and academia to reinforce this argument. The objective is to promote thorough discussions within the academic and financial communities in Mainland China and Hong Kong.Our goal is to publish related papers in authoritative academic journals, thereby improving the understanding and recognition of Kusama and its financial attributes in the Chinese market. We especially hope to attract the attention of Hong Kong web 3.0 investment foundations to KSM and DOT. I believe that the Polkadot ecosystem is relatively mature and technically advanced, so it is necessary to let more financial practitioners know about Polkadot.

Before submitting a comprehensive proposal, I am eager to engage with everyone here in a constructive dialogue to explore the feasibility and potential of my project. Your valuable insights and opinions will be greatly appreciated and will undoubtedly contribute to the refinement and success of this endeavor.

Full proposal can be found [here](https://docs.google.com/document/d/1AZpn6zpRWxsi4jmAT8azvMoahlmExDVaQ_4QKX_-nUI/edit#)

**国库提案** ：KSM国库提案 - KSM金融研究项目

**提交人**：HfFUQ8rt6qD9brCTAtxinzNzPfwn374fhUKP4Lh4R5aKYRM

**日期** ：2023年4月15日
**本次申请KSM：**1546 KSM（54,400美元），**总申请金额**：1932 KSM（68,000美元）
我建议采用80/20的支付结构：80%的总金额预付，剩余20%在项目完成时支付。换句话说，初次支付1546 KSM，项目成功完成后支付386 KSM。在网站建设完成后，我将为项目的第二部分提交一个新的提案。
每期款项的价格将以当天的KSM（35.189美元/ KSM）计算，使用Subscan上的EMA7汇率。


**提案概述**：大家好，我是Kyle 鹏，首先特别感谢一下polkaworld， 一直及时准确跟进polkadot 和kusama 的发展，并且他们鼓励我申请国库的资金。
中国香港目前在大力推进web3.0，KSM作为web 3.0的龙头项目，在中国学术圈却缺少论文支撑，本提案旨在申请KSM国库的资金支持, 以推进KSM金融研究项目, 以金融为角度。尽管KSM和DOT具有一定的金融属性，例如它们的众筹项目与一级市场的模式非常相似，但SEC已经认为Polkadot属于软件而非证券。本项目旨在撰写关于Kusama网络和波卡（Polkadot）金融属性的论文，从金融角度分析为什么DOT和KSM不是证券，并从金融结合学术的角度寻求不是证券支持，在中国大陆和中国香港地区的学术界和金融业界进行深入探讨。特别希望能让香港web 3.0 投资的基金会关注和了解到KSM and DOT。我认为DOT和KSM的生态已经相对完善，并且技术是超前的，所以我相信让更多金融从业人员知道波卡是必要的。

在提交全面的提案之前，我渴望与在这里的每个人进行建设性的对话，探讨我的项目的可行性和潜力。您的宝贵见解和意见将不胜感激，毫无疑问将有助于完善和成功实现这一努力。

中文版提案点击[此处](https://docs.google.com/document/d/1vOiVBjIpNYvdeoxl4M5CVhrV4JiwIREkAC542wQtuMM/edit#)



 Summary of KSM Treasury Proposal:

1. Proposal by HfFUQ8rt6qD9brCTAtxinzNzPfwn374fhUKP4Lh4R5aKYRM seeks 1546 KSM (54,400 USD) for a financial research project focusing on Kusama and Polkadot, which will engage in discussions about why the two networks are not securities.
2. A80/20 payment structure will be in place, with 1546 KSM as the initial payment and 386 KSM to be paid after the project is successfully completed.
3. The objective is to promote thorough discussions within the academic and financial communities in Mainland China and Hong Kong, and to publish papers in authoritative journals to improve the understanding of Kusama and its financial attributes in the Chinese market.
4. Submitted proposal seeks feedback from the community before making a comprehensive one.

#2554 KSM Treasury Proposal - KSM Financial Research Project