Back to Medium Spender
Discussions#2573 >> OpenGov Referendum#211
Rejected

#211 (Polkadot Latam, Start)

Proposer:
Elvis Paz
 
in Democracy
30th May '23
(Edited)
education
research
communication
+1

Polkadot Latam Development Center in Honduras

Proponent: Polkadot Latam: CpNGK3pS1uHPcPAzEzH9Ede8JZWrDFb8RpdUEoQ4SiBabuT

Request: 1033.389 KSM

KSM (USD $31,005.81 USD) (Rate: $30.004/KSM based on EMA 30 ~ Subscan 16:34 GMT -6 (11/5 2023)

Greetings

We are Polkadot Latam, an organization committed to promoting the Polkadot and Kusama blockchain ecosystem in Honduras to later expand in Latin America. We would like to submit a proposal for the creation of a Polkadot development community in the region. The lack of information and education around blockchain in the Latin community represents a barrier to its adoption and growth in the region. Therefore, we will focus on creating a specific community in Honduras and promote the adoption of the technology throughout the country. Our goal is to create a robust and accessible community centered on three fundamental pillars: governance, development and community.

To achieve this, we will start by organizing events in the Honduras capital Tegucigalpa, in educational centers, media, universities and other interested parties who can experience the Polkadot and Kusama ecosystems, share knowledge and discover new opportunities for collaboration. In this initial stage, we will work on creating high quality educational content in Spanish so that Spanish speakers can better understand Polkadot and Kusama's blockchain technology, and can leverage it in their daily lives and foster the adoption of Polkadot in the region and in the long term grow the Polkadot ecosystem.

To support this initiative, we are requesting funding of 1033.389 KSM, 31005.81 USD for the creation of the Polkadot community in Honduras, the organization of events and the creation of educational content. We believe this investment will be a profitable and strategic opportunity for the growth and expansion of blockchain technology in the region. Changes and updates to the artwork will be carried out, implementing new vectorized and modeled objects. For example: 3D modeling of the various current vectors representing the network environment. With the ultimate goal of creating the most efficient learning method for Polkadot and Kusama.

Unity is Strength! Therefore, this method requires the recurrent approval of the community, as well as the contribution of feedbacks that reflect new ideas and recommendations, so that the final audiovisual material is ideal for those who visualize and study it, we will create a library with all the resources, which have been built and so that other people can generate quality content.

Below is an example of the type of content to create.

Polkadot and Kusama's definitive guide: What are parachains?

We hope that our proposal will be considered and approved, and we are confident that the creation of a Polkadot community in Honduras will have a significant impact on the adoption of blockchain technology in the region.

our mission and long-term vision

You can access our detailed proposal via the link provided.

Thank you for your time and consideration.

Sincerely yours. Polkadot Latam.

Show More

Expert Image
No Expert Review Available!An Expert adds their valuable review for this post!An expert? Add your Review!

Proposal Failed

The approval was lesser than the threshold for this track.
Summary
Failed
4.5%Aye
AyeNay
95.5%Nay
Ayes(22)
5.13K KSM
Nays(268)
109.16K KSM
Support
4.77K KSM
Issuance
15.78M KSM
Voting Details
Approval4.50%Threshold0.00%
Support0.04%Threshold0.00%
Please Log In to comment
Users are saying...
Based on all comments and replies

Overall 50 % of users are feeling optimistic. Hello! We're currently validating a service that assists teams in crafting and completing successful treasury proposals. Your experience with the OpenGov treasury proposal process would be valuable to us, so we invite you to fill out this form: https://forms.gle/MwDij4adXEQd7Um79. The more information you provide, the better we can assess our service's potential need. For further details, follow us on Twitter at https://twitter.com/OpenGovAssist.

Overall 50 % of users are feeling against it. The submitted proposal, which included a flawed extrinsic, failed to achieve its intended purpose and required revision as it was incorrectly categorized under "Treasury.ProposeSpend" instead of the correct category "Treasury.Spend".

AI-generated from comments

Was this review helpful?No
5Comments
20%
0%
80%
0%
0%
Jay Chrawnna
 
 
13th May '23

Hello! We’d be pleased if a member of the team would join AAG this Monday at 3:30pm UTC to help us understand the importance of this mission!

Please reach out on Matrix @jay-chrawnna:matrix.org! Thanks! 🙏

Hide replies
HaderArce
 
 
16th May '23

Hello, I have already contacted you by element

LV
 
 
15th May '23
(Edited)

This ecosystem no longer needs high-quality educational content, we just need competitive content creators...

Good ideas and good intentions do not solve anything, only competitive professionals do.

Delighted to resolve serious doubts in depth to continue advancing with your project. But, please, do not take examples of previous content proposals as a reference for what you want to do, because the approach should be changed for the most part.

Here's a gift for your team, links to two drafts that I have been working on so that you can have a more serious reference of how the CCI (Content Creation Initiatives) should be rethought. Both in fundamental approach and in competitive content formats to work on.

1 - General Model for Content Creation Initiatives

2 - Polkadot Competitive Content Suggestions


We must rethink these types of proposals. Expensive content with no results brings absolutely nothing to the ecosystem.

We must hyperactively abandon budgets based on paying for "X number of pieces of content." F*ck the content created to receive easy and fast money. This generates bad practices and a job that is 0 competitive with the real world outside of the fictitious economy that has been generated in this clumsy industry.

Any project or business financed 100% by public money will rarely be competitive.

We need creators and well-trained local/lingo hubs with a professional background for the task they want to cover. Initiatives that can be competitive, not initiatives that only generate pieces of content because it has been paid for from the treasury. Do not try to look for reference points within the ecosystem, because you will not find them. The fact that the other elements from which you have been able to take an example are incompetent does not imply that you have to follow in their footsteps.


I leave you one more gift, ask yourself the following questions:

  • What is your goal in the medium-long term? Do you want to be a Local Hub?

  • Do you want to create a professional and competitive business from Polkadot Latam? Do you think that it should always be 100% financed from the treasury with public money?

  • Have you taken into account or contacted the team of other more experienced initiatives in the ecosystem and related to what you want to do, such as Creadores Web3, Polkadot Hub or the Bounty in Spanish?

Excuse me if I'm too harsh, but the problem is not a matter of budget. It does not matter to me if you want to present a budget of 10k, 30k or 100k, what I want is for this ecosystem to begin to be realistic with how these proposals should be worked on professionally.


I am not going to extend more with this message, because, the truth, in the end I should start charging these consultancies XD.

Good luck guys :)

Hide replies
HaderArce
 
 
16th May '23

Hello, you make a lot of sense. Our vision is to become a community and make Central America a strong community on Polkadot in the long run. The content we provide is just the key to get started and get people to start getting to know the ecosystem.

Jay Chrawnna
 
 
25th May '23

The team stopped by AAG on May 22. See the clip! 👇 (12:45) https://twitter.com/TheKusamarian/status/1661759670766260224

Full replay here.

Paradox
 
 
30th May '23
Voted Nay

This proposal was submitted with an extrinsic that would not yield the desired result.

It should be Treasury.Spend not Treasury.ProposeSpend

HUj6...GLD6
 
 
13th Aug '23

Hello,

We are in the process of validating a true need for a service to assist teams with crafting and completing successful treasury proposals, so they can focus on building. We would love to hear about your experience with this proposal. If you are willing to take a few minutes, please fill out this form about your experience with the OpenGov treasury proposal process: https://forms.gle/MwDij4adXEQd7Um79

Feel free to leave out any details that your team is not comfortable with sharing, but the more info you can provide, the better we will be able to assess the potential need for our services.

For more info, follow us on Twitter/X: https://twitter.com/OpenGovAssist


Discover similar proposals


#495
s0c5
Deciding

Open debit card for developers powered by Kusama

Open debit card for developers powered by Kusama

See More

10th Feb '25
78%
50%
50%

Big Spender

Big Spender

#495 Open debit card for developers powered by Kusama
s0c5
10th Feb '25
78%
50%
50%

Open debit card for developers powered by Kusama

Requested: 120.7K USD * 4.36% (buffer price) (19.9 KSM/USD — EMA7) = 6,331 KSM

TL;TR

This is 3 minutes summary for the proposal, part of our pitch in 17/02 AGG Agg pitch here the slides

Why?

Today, issue debit cards for web3 projects is process that involves huge investments, strict compliance requirements and operational overhead that couldn't be paid by many developers.

We're building an Open API to issue debit cards and then build financial bridges for everyday use cases on Kusama (for example, paying for your lunch or sending money to your loved ones); think of it as a web3 Stripe powered by Kusama.

Holders, consider this: an increase in volume on the Kusama chain will eventually create demand for the token, driving up hopefully prices.

What?

We provide all the operational, development, and financial team expertise to provide a compliant, non-custodial card infrastructure for Kusama users.

You can expect us to deliver:

  • First stage (this proposal): Launch a developer-friendly API to enable Kusama apps to launch prepaid debit cards as easily as with one line of code.

How it works?

Our Partners

  • Pomelo + Visa (Debit card issuer): Pomelo is a pioneering fintech transforming card issuance in Latin America. Its cloud-native, API-driven platform lets banks and fintechs launch secure, scalable cards rapidly. Partnering with Mastercard and Coastal Community Bank, Pomelo modernizes payments and drives financial inclusion.
  • Truora (KYC/KYB): Truora is a Latin American startup simplifying user verification and fraud prevention. Its API-driven platform offers background checks, digital identity, and KYC tools to help businesses onboard customers securely, reduce fraud, and boost conversion
  • Bancolombia (Our Bank): Bancolombia is Colombia’s largest bank, boasting 146+ years of trusted service. With 30M+ customers, extensive branch and ATM networks, and innovative digital solutions, it drives financial inclusion, supports sustainable growth, and champions economic progress across Latin America.

Documentation

  • API Documentation: here you will find a preview in how it will work, you can create your own identities and also cards, if you want to test it please contact us.

Card Features

  • Funds are non-custodial in Asset-hub.
  • Top-up via dUSD via Polygon, Etherium, Asset-hub + 10+ chains.
  • You can add this card to Apple or Google Wallet.
  • Worldwide shipping for Physical Card.
  • Cash ATM withdraws.
  • As developer you can issue debit cards and earn up to ~1.3% from customers purchases cheaper, compliant and easier than ever before.

Benefits for Kusama

  • All balances for the debit cards would be on-chain, ensuring transparency and increased chain volume.
  • Calling all developers and builders! We're taking Kusama to new heights by partnering with more real world startups.
  • Visa provides card infrastructure via Pomelo (https://pomelo.la/es/).
    • Our agreement with Pomelo is established in Colombia, but you can get access to the card worldwide (you only need a passport to verify your identity).
  • Today, we want to support dUSD and KSM via Asset Conversions in Asset Hub.
    • In the future, we’ll be able to enable other coins/tokens created in the ecosystem to be used in daily use cases. For example, you could make a token in Asset Hub, create a pool (YOUR_TOKEN/dUSD), and then use that token to pay for your bus ticket.
    • With our customers and operation only, we will increase the volume on chain by ~700K USD monthly

How is it different from Polkadot Pay, Polkadot App or Nova Wallet debit card?

Actually, we're not competing —we're here to enable innovation. Think of us as an open API for debit card issuance for web3 projects, helping more projects/wallets/dapps to connect their users with their money. Here's what that means:

  • Integration Made Simple: Our platform lets dapps and apps add debit card functionality without the heavy investments or operational overhead.
  • Building Together: Instead of competing, we empower services to enhance their offerings. We provide the foundation, and you build on top of it.
  • Expanding Regional Reach: We also support regional growth. For instance, if Polkadot Pay or Nova wants to extend their services into new regions like Latin America, our solution can simplify and accelerate that process.

In short, we're not here to replace existing services—we're here to support and enhance them. Our focus is on making it easier for any platform to offer debit cards, thereby driving innovation and growth across the board.

Here, If you want a more detailed comparison

How far are we?

We have been working on the relationships and legal requirements to launch these debit cards for over a year; today, we’re in an advanced integration process for friends and family and with the regulatory requirements to do it.

About us

  • David Barinas: CEO + Sr Engineer - Former YCombinator S19 Founder (Valiu 300K users + 6.2M raised).
  • Ole Tobias: COO + Product Managment - MSc in Technology Management, former Technology Consultant at Deloitte, and ex-COO of Efficence AS.
  • Roy Parrish: Chief Legal Officer - LATAM & North America | Strategic Oversight of Compliance and Regulatory Affairs
  • Katherin Lopez: Head of User Research and Deals seeker / Ex Littio (YCS19) Ex Valiu (YCS19).
  • Luis Polania: / Head of Financial Operations Ex Littio (YCS23) Ex Valiu (YCS19).

Traction

  • Today, our monthly volume is ~253K USD, which we plan to migrate to Kusama via dUSD.
  • Startups will work with us until today:

Expenses Breakdown

  • 45.7K USD License = 30K USD x 19% Colombian VAT + 10K USD Collateral for Visa
  • 75K USD = 2.5K USD x 5 Members Full time x 6 Months

Total: 120.7K USD

Discussion Channel & Website

If you have any questions, please feel free to reach out to us on our channel to discuss them with the community.

FAQ

  • Why funding us?

We are an experienced team with a proven record of building Web3 products. Now, we want to use Kusama in everyday cases worldwide.

  • Which regions are excluded?

    Due to Visa terms and conditions, the following regions are excluded.

    • Afghanistan
    • Albania
    • Belarus (Republic of Belarus)
    • Bosnia & Herzegovina
    • Burundi
    • Cambodia
    • Cameroon
    • Central African Rep
    • Congo (the Democratic Republic of the)
    • Congo (the)
    • Croatia
    • Cuba (Republic of Cuba)
    • Eritrea
    • Hait
    • Iran (Islamic Republic of Iran)
    • Ira
    • Lebanon
    • Liberia
    • Libya
    • Mali
    • Mozambique
    • Myanmar (Burma)
    • Nicaragua
    • Nigeria
    • North Korea (DPRK - Democratic People’s Republic of Korea)
    • Pakistan
    • Palestine (State of)
    • Philippines
    • Russia (Russian Federation)
    • Somalia
    • South Sudan
    • Sudan (the)
    • Syria (Syrian Arab Republic)
    • Yemen
    • Zimbabwe
  • Why is the web app in the second stage?

    What’s cool about having our open API for Kusama Apps first is that other teams in the ecosystem can create frontends. These could be part of Nova Wallet or external web apps, for example. We want to be enablers for the whole ecosystem, this must be a different discussion!

  • Whats the relationship with Virto?

BloqueDAO is a Virto-spinoff established as a self-governing DAO in Kreivo. We’re leveraging on the Kreivo technology to support non-custodial management of the funds every user tops-up in their Kusama Pay cards.

  • Would you be open to having your license or partnerships verified?

We're open to being independently verified by any member of Kusama. However, because our documents include non-disclosure agreements, we cannot share them publicly, though we can provide them privately.

See More

Deciding