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Societal - A Homebase for Decentralized Communities

gfox
2 years ago

UPDATE: We are working on updating the proposal based on the comments from the community. We will update the post below when the new proposal is ready.

Dear Kusama Community,

My name is Graeme Fox - Co-Founder & CEO of Societal. For those of you that dont know, Societal is a parachain that makes it easy to organize, govern, and grow on-chain communities. Its streamlined SaaS application is the ideal platform for any Kusama community including the creator economy, protocols, social clubs, gaming, DAOs, and more.

Societal is seeking $238,041.72 USD / 8,883 KSM in treasury funding to become the homebase for decentralized communities on Kusama and provide governance and treasury management services to any tokenized project. The payment would be in two installments - half on acceptance and the other half after the completion of Milestone 1.

As it stands today, the DOTSAMA ecosystem does not have the creation, governance, and treasury management tooling products that other major blockchains do. By building these products, we will strengthen the DOTSAMA community, as NFT projects, DAOs and dApps will have a platform to manage their governance and community.

Societal has not applied for treasury funding before and has a small amount of VC backing. We are asking the treasury to support our project so that we can bring our product live on Kusama, onboard users. We believe that after we do this we will be in a position to go after more VC funding, as funding is currently at a stand still for early stage crypto projects. Additionally, we believe that the DOTSAMA ecosystem needs more usable applications, as most projects today are DeFi or smart contract platforms.

Please find the full proposal here. It would be great to hear your input about our proposal and I would be happy to answer any questions that you may have.


More information about Societal can be found here:


Societal accomplishments can be found here:

Comments (5)

2 years ago
  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?
  2. Who are the existing investors and how much money was raised and how has it been used?
  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?
  4. Do you plan to stay put for Kusama ecosystem? Why cant this funding support Polkadot ecosystem as well?
  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?
  6. Price should be calculated at time of creating proposal not when creating discussion
  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 opensource development.

2 years ago

Hello! We invite a member of the team to join AAG this Monday at 3:30pm UTC to help us better understand this initiative! Please reach out on Matrix @ jay-chrawnna:matrix.org Thanks! 🙏

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    Polkassembly - Societal - A Homebase for Decentralized Communities #2581