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OpenGov Referendum#335 >> Treasury Proposal#398
Executed
Requested:
2.71K KSM

#335 Encointer Retroactive Funding for Sep-Dec 2023

Proposer:
EyXc...t3Xm
 
in General
Beneficiary:
EyXc...t3Xm
(2.71K KSM)
29th Jan '24
(Edited)

We ask the Kusama Treasury for CHF 89’000 ≃ USD 103’240 ≃ 2706 KSM for the period Sep-Dec 2023 (4 mt)

The Encointer team has scaled down significantly after rejected proposals on Polkadot but continues to deliver:

work done:

 

outlook:

  • with a minimal but powerful team we aim to keep the Encointer parachain running and well-maintained
  • we aim to focus on supporting and growing the global south communities where our tech promises the biggest impact at low costs

 

Full Proposal Document

Appearance on AAG 102

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Proposal Passed

of 3

Confirmation Attempts

2

Summary
Passed
60.0%Aye
AyeNay
40.0%Nay
Ayes(183)
282.45K KSM
Nays(126)
188.46K KSM
Support
78.40K KSM
Voting Details
Approval0.00%Threshold0.00%
Support0.00%Threshold0.00%
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Users are saying...
Based on all comments and replies

The project Encointer is commended for its innovative approach within the Kusama ecosystem, focusing on real-world applications of blockchain technology. By presenting solutions that validate blockchain currencies as practical units of exchange and stores of community value, Encointer demonstrates their potential to positively impact people's lives beyond speculative purposes. In a strategic move, Encointer has decided to concentrate resources on global south communities in Tanzania and Argentina, while transitioning the Zurich pilot community towards self-sustained grassroots initiatives. A report on the 2-year Leu Zurich pilot experiment is forthcoming. The project continues to receive strong support from its advocates for...See More

The summary for the provided text is as follows: The author expresses strong support for Encointer, a project in the Kusama ecosystem, stating it is innovative and essential for blockchains to have real-world impact. They have cast an AYE vote for Encointer. However, due to budget constraints, the project's focus will shift towards global south communities in Tanzania and Argentina, with the Zurich pilot community no longer receiving funding or professional support. A report on the two-year Leu Zurich pilot experiment is expected. The author remains curious about grassroots initiatives in Leu now....

AI-generated from comments

3Comments
0%
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100%
JFAr...nYVt
 
 
2nd Feb '24

Voted Aye

In my opinion, Encointer is exactly the kind of driven, experimental project we need more of in the Kusama ecosystem. I have voted AYE.

EyXc...t3Xm
 
 
6th Feb '24
(Edited)

Voted Aye

update: In order to make the best use of our remaining funds, we have decided to focus on our global south communities (currently in Tanzania and upcoming in Argentina).
Our Pilot community in Zurich will no longer have a budget and a professional support team and we are curious about (self-sustained) grassroots initiatives in Leu now.
Our funds will, therefore, be used to maintain the platform and support emerging communities. Of course, you may also expect a report on the 2 year Leu Zurich pilot experiment.

Read our communication to Zurich's Leu Community (german)

HsBu...eGga
 
 
12th Feb '24

Voted Aye

Encointer is doing the kind of work that is needed to make sure that blockchains find their place "IRL." The applications that Encointer presents set a precedent for the use of blockchain currencies as units of exchange and stores of community value that make differences in people's lives and set the case that validates blockchain currencies as more than speculative assets. Encointer will always get an AYE vote from me as it exemplifies the real use cases and the real issues that blockchain technology can help solve to realistically improve people's lives.


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#512 Adjust (only) ideal bulk proportion
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#513 KSM RFP #2 - RFP Launcher Dapp - $12k Total Prize!
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WETH

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USDT

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USDC

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Pepe

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Savings USDS

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Savings Dai (sDAI)

LBTC

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 Liquid BTC (LBTC)

EurC

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Euro Coin (EURC)

Sky

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Threshold Network tBTC v2

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TONCOIN

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Toncoin (TONCOIN)

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Dai Stablecoin (DAI)

SHIB

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