Hello Everyone!
We are glad to share our April’s funding round budget to HoM.
Note: We have revised the Charter, section 2, 2.1 Widening Adoption of NEAR - Outreach to New Audiences, point 3. Demonstration of NEAR to non-blockchain communities, Globe DAO add: “Offline Event with University - IT/ DEV major with pictures will be also counted as a non-blockchain partnership.
Would suggest to check our CHARTER (Under KPI & Funding Section) to see updated KPIs and Tiers.
Near Digital Collective Core Values:
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Empowering the ecosystem (for people by people)
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Respected by the ecosystem (fair, accountable, transparent, and reliable)
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Dedicated to ideas of decentralization (antifragile, scalable, with collective decision-making)
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Efficient operation (don’t be a burden; instead, help the Community to be more efficient)
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Continuous improvement via weekly iterations (plan, measure results, and adjust continuously)
To evaluate the results, following metrics will be used for tracking individual initiatives’ performance by GLOBE DAO. All the metrics must be attributable to the relevant project/initiative through on-chain activity and off-chain reporting, ensuring GDPR compliance and preserving privacy:
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Accounts retention after 1/2/4/8 weeks — the percentage of accounts who continue interacting on the chain over a given time period (higher is better)
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Account acquisition cost — budget divided by the number of accounts interacting through the funded initiative (lower is better)
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Median number of dApps used by P95 accounts retained for 1+ week (higher is better)
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Number of accounts retained for 1+ week using at least three dApps (higher is better)
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Social engagement score — some compound metric of the number of posts, likes, and followers/views in social media produced by the users.
For April 2024, the Globe DAO received:
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16 Proposals
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Total amount requested (including council’s remuneration): $51,140.
Submission Period : 2 March - 7 March
List of Proposals
| Community | Proposal LINK | Requested Amount |
|---|---|---|
| Near Korea | [APPROVED] NEAR Korea DAO April 2024 | $4000 |
| Near Vietnam | [APPROVED] NEAR Vietnam April 2024 | $4000 |
| Near Indonesia | [APPROVED] Near Indonesia April 2024 | $4000 |
| Near ES | [APPROVED] NEAR ES April 2024 | $3000 |
| Near Pakistan | [APPROVED] NEAR Pakistan April 2024 | $1300 |
| Near Colombia | [APPROVED] NEAR Colombia April 2024 | $1300 |
| Near India | [APPROVED] NEAR India April 2024 | $3200 |
| Near German | [APPROVED] NEAR German April 2024 | $2200 |
| Near Positive Vibes | [APPROVED] NEAR Positive Vibes April 2024 | $2200 |
| Near Turkey | [APPROVED] NEAR Türkiye April 2024 | $4000 |
| Near Toronto | [APPROVED] Near Toronto (April 2024) | $1300 |
| NEAR CIS | [CLOSED] NEAR CIS Chat April 2024 | $2000 |
| Near Ukraine | [PROPOSAL] Near Ukraine Guild Activities for community growth in April 2024 | $3040 |
| Near Brazil | [APPROVED] NEAR Brazil April 2024 | $1300 |
| Near Arabic | [APPROVED] NEAR Arabic April 2024 (Tier E) | $1300 |
| Near Mexico | [REJECTED] Near Mexico April 2024 | $1300 |
- Here’re the approved once:
- Proposals that didn’t got approval in March can submit their proposals again in May after working on feedbacks.
[REJECTED] Near Mexico April 2024
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Proposals that are approved for April but are on our watch list. These communities were onboarded in March/April, but as we don’t have any reports for March yet, we decided to APPROVE on the condition that ‘only if these communities performed well with KPIs in March, we will continue with them in April’.
Globe DAO March funding procedure:
2 March - 7 March: Applicants to submit proposals on NEAR Forum within the suitable category.
8 March - 12 March: GDAO councils will review the proposals.
12 March - 13 March: GDAO councils submit funding requests to the HoM. KYC/KYB processes for approved applicants begin.
13 March - 17 March: HoM members review the funding request, voting & providing feedbacks.
17 March - 23 March: CoA to review and votes on funding requests.
Once approved, Grassroots DAOs initiate a transfer to NDC Trust.
Disclaimer: Some timelines can be changed.
For KYC/KYB: KYC is required for all applicants and the guide will be provided by HoM and Ops team.
- For February Metrics, check our Feb’s Report on Forum: [REPORT] NEAR Globe DAO FEBRUARY 2024 Report