Following the feedback from [ref#342](https://kusama.subsquare.io/referenda/342) and the almost successful [ref#349](https://kusama.subsquare.io/referenda/349) we've decided to go for a simpler proposal that doesn't use the confusing recurring payment structure via scheduler on the Treasurer track. 

This proposal is a **3 month budget**(Q2) with a reduced and focused scope, to put the many tools and libraries we've developed the past year to work in the Kreivo parachain to make the simplest yet most powerful "**DAO factory**" in the ecosystem where users will be able to conduct real-world businesses thanks to its advanced payment system. Concretely we look to on-board 5 to 10 new DAOs(communities) by the end of Q2 to help us gather important feedback that help us build a product the Kusama community but more importantly regular users will be happy to use.

The team will also use the funds to contribute to the core Polkadot protocol via the technical Fellowship in topics we've become quite proficient like governance improvements. 

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**Budget:** 1 FTE ~= 6,500 USD **|** 1 Month * 9 FTE = 58,500 USD **|** 3 month(9 FTE) = **175,500 USD**.
**Asked:** 3,333 KSM * 50.54 USD/KSM(EMA30) = **168,449.82 USD**.

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For more context please refer to previous proposals or leave us a comment to elaborate more on any given topic.

> The Virto team continues to have the long term vision to tackle social inequality and will continue to shape its experiments and developments towards said goal.

#358 Virto team Q2