Encointer requests retroactive funding for its expenses in Jan-Jun 2024

The amount of the proposed spend is CHF 77’500 ≃ 87’188 USD  ≃ **3’904 KSM** for 6mt operations

* [Full Proposal Document](https://docs.google.com/document/d/1Glc3qCsL-U05V776f_6sAM7ZTFnuurgwHl_XVdjvSV8/edit?usp=sharing)

Encointer is a common-good chain on Kusama laying the foundation of a more democratic and more inclusive web3. Its secure and decentralized sybil-resilience protocol enables local communities everywhere to generate their own, autonomous local currency, and use it to stimulate the local economy.

Main achievements in 2024 so far
* Community development and continued growth of Nyota in Tanzania
* Adoption of Encointer faucet
* Prototype for democratic community governance (vote weight based on personhood confidence, not funds)
* Decentralization of infrastructure

Also, some insights and learnings from 2 years Leu Zuerich community: [brenzi's EthereumZuri.ch presentation](https://www.youtube.com/watch?v=zsBuoiAszHE)


- **Problem Statement:** Encointer requests retroactive funding for its expenses in Jan-Jun 2024.
- **Significance:** Encointer aims to build a more democratic and inclusive web3 through its common-good chain on Kusama.
- **Proposed Solution:** Requesting CHF 77,500 for 6 months of operations to support community development, local currency generation, and decentralized governance.
- **Expected Outcomes:** Strengthening local economies, promoting community growth, and advancing democratic governance in web3.

#420 Encointer Retroactive Proposal Jan-Jun 2024

No Active Proposals