@72e116ffdb204062b8d753445

Hello,

Thank you for your questions. Please my responses to your questions below. I hope that this answers your questions, otherwise I am happy to elaborate.

1. Have you spoken to projects that want to launch a DAO on Kusama? Will these DAOs be on your own parachain? If yes, how is it different from deploying a much better tool to an EVM compatible chain?

Yes, we have spoken to projects that would like to use our platform and either launch a DAO on Kusama or use our platform for their existing token governance. Here are a few of the projects that we have spoken to:

• Kusama Kingz
• SafariDAO
• PolkaInsider
• Canadian Blockchain Consortium
• Capsule House
• Catalyze
• ChaosDAO
• DIA
• Unique / Quartz Network
• Watr
• Ajuna / Bajun Network
• HermesDAO
• Sora

If a project creates a new DAO on our platform, then the token will be generated on our chain. However, if a project already has a token then they can keep the token on their existing chain for governance. In the future, we will roll out cross-chain governance and cross-chain treasury management.

Our platform is different as we want to be the homebase for all decentralized organization / governance in the DOTSAMA ecosystem. We are building an Appstore for organization tooling where third party payroll, reputation and accounting projects can deploy their project to our chain, integrate into our UI, and offer the services to the organizations on our chain. We are also implementing a subscription based pricing system at the protocol level, which will allow the community to pay a monthly subscription fee and then all of the organization members can interact on-chain in the organization without paying gas.

2. Who are the existing investors and how much money was raised and how has it been used?

To date we have 305K USD committed to the project. The current investors are as follows:

• Outlier Ventures
• Portofino
• Graham Frieman
• Lauren Selig
• Red Phone
• Other Angels

The majority of the funds have been used for development and to build out our MVP. Other funds have gone into operations and a bit into marketing.

3. It seems like the team is asking for money to build their product, which is going to be a paid product? Is the project completely open source?

Societal is completely open source and has been from the beginning. You can find our GitHub account below, where you can see our node, node indexer, and client repos. While most of the application has been built, we are asking for money to finish off the remaining few features, test the product and onboard users. The product has plans to be paid in the future so we can sustain ourselves instead of asking for more money from the treasury. However, we do plan to launch the product for free at the beginning.

https://github.com/sctllabs

4. Do you plan to stay put for Kusama ecosystem? Why cant this funding support Polkadot ecosystem as well?

We plan to have roots in Kusama and Polkadot. The open source development of this proposal can definitely support the Polkadot ecosystem as well, but we want to launch on Kusama first and that is why we are asking for funding here.

5. The proposal has a bias towards existing tools and ecosystem mapping hasn't been done properly. Genesis DAO is trying to do the same thing?

We only mentioned existing projects in the DOTSAMA ecosystem in the proposal, under competing projects. There are other projects in different ecosystems that do similar things, but we believe that we can build a 10x better product with Substrate. This will allow any decentralized community in DOTSAMA to use a local product, instead of using an Ethereum based one that does not mapping to Substrate based tokens.

6. Price should be calculated at time of creating proposal not when creating discussion

Thank you, I have taken note of this. I will update the KSM price when the proposal is created. However, I hope this gives an estimation of the KSM we are looking for.

7. Make a basic MVP from the VC funding raised and get some adoption with some users. Once that is there and community can see some value, you'd be more than welcomed to create a proposal for building open source development.

We do have an MVP built and have had users test the product. They are now interested in seeing a live version of the product on Kusama or Polkadot. We will continue to have users test the product as we continue our development and ideal launch on Kusama. We know that this application and funding process will take some time so we have started now. We are also asking for the money in two installments, so if the community is not happy with what we have developed in the first half of the proposal, then they do not need to fund the second half.

You can look at our product videos below to see what we have developed.

https://www.youtube.com/playlist?list=PLukf6xUl2RLLdy7S81_Qua8SE_G0VhpKF

@447368856cec4afcae909c71d

Hey Jay! It would be great to come one the show, I will send you a message on element now.