[Proposal to House of Merit, approved, milestone 1 paid, milestone 2 paid, milestone 3 paid ] Comprehensive development of the NEAR ecosystem through the HOT Wallet user base

NEAR Digital Collective HoM direct requests
2

Hi Peter,

Thanks for your proposal!

Would you be able to clarify how the proposed KPIs work? Are the funds to be distributed when the KPIs are met or the funds provided upfront and then benchmarked against the proposed KPIs?

Milestone 3
NDC Vote
Provide marketing support for the NDC Vote bot. Provide SDK to connect NDC Vote to Telegram Wallet.
KPI (if launched before May 1):
100k+ registrations
5000+ active users with NEAR balance
KPI (if launched after May 1):
25k+ registrations
1500+ active users with NEAR balance

Would you be able to expand on the NDC related metric? In particular, I’m interested to understand how it would work given the current proposed new framework.

  • New framework sets a minimum threshold of staked NEAR to participate, snapshot from December 2023
  • What is the value of 25,000-100,000 accounts ‘registering’ with the NDC vote if they are not going to be able to participate? As I understand it, 100% of the .tg wallets are not eligible for voting as they were all created after snapshot period.
  • Assuming that the new framework somehow allowed for .tg wallets to participate, do you have any ranges of how much NEAR the ‘users with NEAR balance’ would have? For reference, the current threshold for staking is ~1000 NEAR.
  • Finally, if for whatever reason, the NDC were to be shut down or new elections not taken place, is the team able to return the funds allocated for this ?
1 Like