In approving this proposal we are assuming that the majority of the participants in this event will be overage (18+) and that it won’t be targeted at underaged users. This is in compliance with the latest funding guidelines involving minors
Please provide receipts for all travel related expenses with your progress report. We are willing to fund up to the required amount, but understand that prices can fluctuate. We are working on an honesty system where any unused funds can be declared and returned or repurposed for other acceptable marketing initiatives.
At the core of some of the initial concerns are the need for clear customer journeys: this addresses the funding of onboarding. It seems to me that being embedded within a blockchain conference and having a music competition afterwards would create many valuable pathways and touchpoint. It is up tp your team to ensure that these are smooth and that there is clear, actionable information at every step of the way.
Do not hesitate to reach out for help if you need any assistance in crafting this experience for attendees.
[quote=“IgbozeIsrael, post:1, topic:17869”]
It’s been great spreading the gospel of NEAR and to have come up with this great initiative, you are really awesome.
Congratulations bro keep. Let’s keep the Near community real.
My understanding is that the NEAR Foundation pays out the NEAR equivalent to the proposed amount in USD at the exchange of the day. It is also now possible to request funds and be paid out in USD Stablecoins.
When did you receive payment from the NEAR Foundation? (NEAR amount, exchange rate of the day)
Hi @IgbozeIsrael – Can you edit your poll on Astro to request funds in a stablecoin so any future fluctuations in NEAR don’t affect your funding needs?
The MarketingDAO team is working on a clear policy around this that we will be sharing with the community soon, but while we are working on that, my opinion is that in general, it’s problematic for us to approve top up funding because price fluctuations are very common. The price could go significantly up or down from day to day.
The only way to avoid that is to request funding in stablecoins, which is what I would recommend in the future.
I also think we need a consensus from the MarketingDAO on this – looks like Dacha supports your request. I would like to hear thoughts from the other members of the @marketingdao-council – thanks!
The NEAR Foundation is already deliberately taking the requested USD amount and paying out the equivalent in NEAR (minimise losses between time of proposal going up and payout).
It is up to each team to use the funds in the way in which it was intended after they receive them
While we do not take any issue if the team chooses to keep funds in NEAR and enjoy capital gains if price goes up, we can also not be expected to be liable to top up those funds in case the team decides to hold the NEAR and price goes down
This would be opening up to maximum liability whereby teams capture all the upside and we pay for the downside. This creates a range of behaviours - investment like - that we are not designed to cover.
I may be willing to make a small exception in this case, if the expenses have already been committed, but do warn against a flood of similar proposals.
Reiterate that the foundation offers the option to be paid in USD stables, please consider this alternative for future proposals.