#416 2nd Encointer Retroactive Proposal Jan-Jun 2024 (Waiving Salaries)
Encointer requests retroactive funding for its expenses in Jan-Jun 2024
This updated proposal addresses the two primary reasons mentioned for the rejection of Referendum 420 with a very tight 49.5%.
- The first concern was the assumption of duplicated spending by different ecosystem participants. The Encointer team attempted to clarify these allegations through comments, but the misunderstanding persisted throughout the decision period. To rectify this, a video together with Will from ParaNodes, the author of the Proposal for Top-Up Funding of Kusama System Parachain Collators (Ref 419), has been produced. This video explains the different proposals and confirms that no duplicated spending occurred.
- The second concern was the perceived high treasury expenditure, given the current state of the treasury. To address this, the Encointer team is offering to officially waive 50% of the team members' salaries, reducing the total treasury request significantly.
The reduced amount of the proposed spend is CHF 49’350 ≃ 59’809 USD ≃ 3’036 KSM for 6mt operations
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
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As I mentioned in proposal 420, I consider the ecosystem should stablish some bounty or other body that could follow and review the common good/system chains. And monitor the system actions and expenditures actions. The idea of reducing the cost of salaries in order to be approved is strange to me. I believe that in addition to expenses, it should be reviewed if the milestone and objective for which it was created and granted funds from the community to the system chain is fulfilled.
Guys let's be honest, this idea is not working. Stop spending Kusama's resources on this experiment. Find a sponsor/investor or create a business based on it. From 2020 you already got and spend around 2M Euro (in DOT and KSM) to this , amazing!
The costs of this project are too high, and the performance is poor. For example, it only has about 1,480 followers on Twitter, and not many subscribers on YouTube. It’s hard to support.
Hello, on behalf of the AIWeb3 DAO (the most vibrant Chinese community within the Dotsama ecosystem, with the mission to amplify the voice of the Chinese-speaking community and support Chinese content creators, ensuring it plays a pivotal role in shaping the future of Dotsama eco),
We sincerely invite you to join our Twitter Space which is held every Tuesday at 10 AM (UTC+8) on our official Twitter: https://x.com/aiweb3dao. Please join our Telegram group if you have any questions, English TG group: https://t.me/aiweb3dao_eng and Chinese TG group: https://t.me/aiweb3dao
Comments: we have discussed this proposal in the community, and some community members shared the concerns about the 2M spending vs the current outcome of the project, some members value the positive part of system chain but haven't got convinced about the cost, some members shared that the achievement of Encointer faucet and community building part is not impressive, we hopefully you can show up in the twitter space and elaborate more on the achievement part.
您好，我代表AIWeb3 DAO，这个波卡生态中最具活力的中文社区，旨在放大中文社区的声音，支持中文内容创作者，确保其在塑造波卡未来中发挥重要作用。 我们特地邀请你们参加我们的Twitter空间是每周二上午10点（UTC+8）， 在我们的官方推特：https://x.com/aiweb3dao. 。如有任何问题，请加入我们的Telegram讨论：英文Telegram https://t.me/aiweb3dao_eng ， 中文 TG group: https://t.me/aiweb3dao。
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