# \[Approved\] NEAR MEME DAILY Funding Request (June)

**URL:** <https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360>\
**Category:** Marketing DAO\
**Tags:** marketing-dao\
**Created:** [June 3, 2022, 1:41pm UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360 "2022-06-03T13:41:02Z")\
**Posts on this page:** 20\
**Page:** 1

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**Author:** ![naveen\_in](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/naveen_in/32/49774_2.png) [@naveen\_in](https://gov.near.org/u/naveen_in)\
**Post date:** [June 3, 2022, 1:41pm UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/1 "2022-06-03T13:41:02Z")

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Guild: NEAR MEME DAILY

> [@\[Introduction\] MEME DAILY Guild](http://gov.near.org/t/introduction-meme-daily-guild/10995):
>
> Guild Name: MEME DAILY Guild Marketing Category: Social Media Community: [Telegram Group](https://t.me/NearMemeDaily) Guild Leader: @naveen_in Early Supporters: @zubairansari07 @Kv9990Mission To empower the open community of blockchain/crypto meme creators. Vision Increase social media engagement by MEMEs. Primary Goals Increase social media engagement and impressions for our stakeholders through our initiatives Create a pool of MEME creators for Instant MEME creation Bring engagement on our stakeholders Telegram an…

## March + April + May Month Expenses

We have received [$12,700](http://gov.near.org/t/approved-near-meme-daily-march-april-may-funding/17902) in the 2nd Week of April to cover the expense of March, April and May according to our proposal.  
Total amount converted to tokens was 782.5 $NEAR with NEARUSDT = 16.23.

I am sharing here the overall expenditure of the received grant amount.

| Month | Reward($USD) | NEARUSDT | Reward ($NEAR) | Used $NEAR | DAO TREASURY |
| --- | --- | --- | --- | --- | --- |
| **Grant Received** | 12,700 | 16.23 | 782.5 | 0 | 782.5 |
| March | 2500 | 16.23 | 154.03 | 154.03 | 628.46 |
| April | 4150 | 10.57 | 347.35 | 347.35 | 281.11 |
| Website | 500 | 11.11 | 45 | 45 | 236.11 |
| April-Community Reward | 750\* | 5.21 | 38.75 | 38.75 | 197.36 |
| May-Tips | - | - | 60 | 60 | 137.36 |
| | | | | | |

> Right now, the DAO has 137.36 $NEAR tokens equivalent to $716.12 with NEARUSD: 5.21

To cover the pending rewards, we need $4799.  
Sharing below the expenses sheet.

| Month | Pending Amount | Remark |
| --- | --- | --- |
| March | 0 | - |
| April-Community Rewards | 449 | Rewards are pending to be distributed |
| May | 4150 | All the Guild Activity without the tips |
| May RU Community | 200 | Started in May |
| | | |

Total: 449 + 4150 + 200 = $4799  
DAO Treasury: $716.12

Requested Amount to cover previous expenses: 4799 - 716.12 = **$4082.22**

## Reports

March: [[Approved] NEAR MEME DAILY [March+April+May] Funding](http://gov.near.org/t/approved-near-meme-daily-march-april-may-funding/17902)  
April: [[Report][April] NEAR MEME DAILY](http://gov.near.org/t/report-april-near-meme-daily/19953)  
May: [[Report][May] NEAR MEME DAILY](http://gov.near.org/t/report-may-near-meme-daily/22115)

## June Month Adv. Request

Old Guild Budget: 4850  
New RU Community Budget: 300  
Instagram: 200  
**Total = $5350**

Reward Request  
March + April + May (Pending): 4082.22 (Not Receiving due to our failure to convert NEAR into Stable coin)  
June (Adv) : 5350

Total: $5350

Tag: @marketingdao-council

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<div class="post-metadata">

**Author:** ![Dacha](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/dacha/32/54228_2.png) [@Dacha](https://gov.near.org/u/Dacha)\
**Post date:** [June 3, 2022, 2:33pm UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/2 "2022-06-03T14:33:27Z")

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Happy to support. Have a great day.

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**Author:** ![zubairansari07](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/zubairansari07/32/11888_2.png) [@zubairansari07](https://gov.near.org/u/zubairansari07)\
**Post date:** [June 10, 2022, 5:01pm UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/3 "2022-06-10T17:01:49Z")

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Can rest of the [@marketingdao-council](https://gov.near.org/groups/marketingdao-council) review and share their feedback please?

Thanks!

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**Author:** ![cryptocredit](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/cryptocredit/32/42392_2.png) [@cryptocredit](https://gov.near.org/u/cryptocredit)\
**Post date:** [June 10, 2022, 5:19pm UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/4 "2022-06-10T17:19:22Z")

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Also happy to support

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<div class="post-metadata">

**Author:** ![ImJami2017](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/imjami2017/32/38299_2.png) [@ImJami2017](https://gov.near.org/u/ImJami2017)\
**Post date:** [June 11, 2022, 4:10am UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/5 "2022-06-11T04:10:56Z")

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Thanks for support sir 🤗

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<div class="post-metadata">

**Author:** ![ImJami2017](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/imjami2017/32/38299_2.png) [@ImJami2017](https://gov.near.org/u/ImJami2017)\
**Post date:** [June 11, 2022, 4:13am UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/6 "2022-06-11T04:13:28Z")

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Hoping [@marketingdao-council](https://gov.near.org/groups/marketingdao-council) will review our proposal 🤗 , your feedback is value with us. Thank you for advance support team marketing 🤗

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**Author:** ![so608](https://avatars.discourse-cdn.com/v4/letter/s/ad7895/32.png) [@so608](https://gov.near.org/u/so608)\
**Post date:** [June 13, 2022, 3:44pm UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/7 "2022-06-13T15:44:58Z")

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Hey @naveen_in – can you help me understand what the current request is for – your chart shows funding for March, April, May as received – what is the pending reward for those same months under June Adv Request? If you are requesting additional funding for past activities that have already been funding, can you explain the request? Thanks!

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<div class="post-metadata">

**Author:** ![naveen\_in](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/naveen_in/32/49774_2.png) [@naveen\_in](https://gov.near.org/u/naveen_in)\
**Post date:** [June 14, 2022, 4:22am UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/8 "2022-06-14T04:22:28Z")

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Hey @so608

> [@so608](#):
>
> your chart shows funding for March, April, May as received – what is the pending reward for those same months under June Adv Request?

Yes, this covers our previous months pending rewards( **$ 4082** ) along with the June Month Advance Request ( **$ 5350** )  
Previous Month Activities to be rewarded.

> [@naveen\_in](#):
>
> | Month | Pending Amount | Remark |
> | --- | --- | --- |
> | March | 0 | - |
> | April-Community Rewards | 449 | Rewards are pending to be distributed |
> | May | 4150 | All the Guild Activity without the tips |
> | May RU Community | 200 | Started in May |
> | | | |
> 
> Total: 449 + 4150 + 200 = $4799  
> DAO Treasury: $716.12
> 
> Requested Amount to cover previous expenses: 4799 - 716.12 = **$4082.22**

> [@so608](#):
>
> If you are requesting additional funding for past activities that have already been funding, can you explain the request?

We are requesting for the additional funding of past activities because

1. Our DAO Treasury got reduced due to price change ( We received the funds with NEARUSDT: $16.23 and now it is $3.49 over the period of three months. At the time of writing the proposal it was $5.21.
2. We have started [MEME DAILY Russia](https://t.me/memedaily_ru) for which we have never claimed the funds in past.  
For reference I am sharing the reward breakup we had claimed for India, Vietnam and Spanish Community earlier.

> [@\[Approved\] NEAR MEME DAILY \[March+April+May\] Funding](http://gov.near.org/t/approved-near-meme-daily-march-april-may-funding/17902/1):
>
> **New Reward Breakup:**
> 
> 1. Community Management : $1500
> 2. Managing NMD Telegram: $250 X 2 = $500
> 3. Supporting Staff: $100 X 2 = $200
> 4. Social Media Handlers (Twitter + Reddit) : $300
> 5. Discord Server Admin (Starting from 1st week of April): $200
> 6. New Language MEME channels (India, Philippines, Spanish): $200X3 = $600
> 7. [Reward] 5 Active Community Members : $150 X 5 = $750
> 8. [Reward] Tips : $800

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<div class="post-metadata">

**Author:** ![naveen\_in](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/naveen_in/32/49774_2.png) [@naveen\_in](https://gov.near.org/u/naveen_in)\
**Post date:** [June 17, 2022, 8:15am UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/9 "2022-06-17T08:15:36Z")

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## Hey @marketingdao-council kindly go through our request.

We have already received the support of 2 Marketing DAO Councils.

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<div class="post-metadata">

**Author:** ![ImJami2017](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/imjami2017/32/38299_2.png) [@ImJami2017](https://gov.near.org/u/ImJami2017)\
**Post date:** [June 18, 2022, 2:13am UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/10 "2022-06-18T02:13:19Z")

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Good day [@marketingdao-council](https://gov.near.org/groups/marketingdao-council) , we know that tagging you so much is quite irritating but can someone atleast attend NMD proposal. We really valued your feedback please.?

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**Author:** ![David\_NEAR](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/david_near/32/43414_2.png) [@David\_NEAR](https://gov.near.org/u/David_NEAR)\
**Post date:** [June 19, 2022, 11:16am UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/11 "2022-06-19T11:16:57Z")

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<div class="post-metadata">

**Author:** ![Adaprecious](https://avatars.discourse-cdn.com/v4/letter/a/898d66/32.png) [@Adaprecious](https://gov.near.org/u/Adaprecious)\
**Post date:** [June 21, 2022, 9:03am UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/12 "2022-06-21T09:03:48Z")

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I’m glad to be back of this amazing community…NMD is amazing!

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<div class="post-metadata">

**Author:** ![trendbums](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/trendbums/32/20924_2.png) [@trendbums](https://gov.near.org/u/trendbums)\
**Post date:** [June 21, 2022, 3:50pm UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/13 "2022-06-21T15:50:50Z")

</div>

the second month is coming , as NMD admins are sitting without a salary )  
Of course , we are crypto enthusiasts , but you can 't explain it to an Internet provider 😁

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<div class="post-metadata">

**Author:** ![satojandro](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/satojandro/32/6521_2.png) [@satojandro](https://gov.near.org/u/satojandro)\
**Post date:** [June 22, 2022, 4:08am UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/15 "2022-06-22T04:08:09Z")

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Hi Naveen,

I am unable to support this proposal as we are basically paying for the same work twice.

The NEAR Foundation has implemented measures to prevent this situation from arising:

1. Proposals are made in USD and either paid out in NEAR at the exchange rate of the day; or
2. You are able to request payout in a range of stablecoins

Once a project receives the funds, ensuring the money is used as intended is solely the responsibility of the project. This includes making the necessary swaps to hedge against volatility.

It would be irrational to expect the community fund to absorb any losses while not getting any benefits from capital appreciation. Covering these losses would deter people from doig what they are meant to (deploys USD equivalent of funds) to maximise personal gain and at maximum liability to the DAO.

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<div class="post-metadata">

**Author:** ![ImJami2017](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/imjami2017/32/38299_2.png) [@ImJami2017](https://gov.near.org/u/ImJami2017)\
**Post date:** [June 22, 2022, 4:08am UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/16 "2022-06-22T04:08:33Z")

</div>

Its not only salary will affects. All funding related for rewards will affects , even so all delaying related cost of NMD collaborations will affects too. Not only that but also in Astro dao funds. The more delay the more our funds will be less because of price fluctuation… i hope they can see that situation going in here.

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<div class="post-metadata">

**Author:** ![naveen\_in](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/naveen_in/32/49774_2.png) [@naveen\_in](https://gov.near.org/u/naveen_in)\
**Post date:** [June 22, 2022, 9:57am UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/17 "2022-06-22T09:57:42Z")

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Hi Councils (@so608 and @Klint)!

- Kindly share your vote. We need 1 Vote for the approval and 2 Votes for the rejection.
- Having a decision on this proposal will give us more clarity to move forward with the MEME DAILY guild activities.
- I do accept the mistake for keeping our funds in $NEAR tokens rather than stable coins. As it was  
– the first time to receive the funds in advance for the upcoming months and  
– our meme activities are supported by rewarding daily tips in $NEAR  
were the reasons none of the member in our Team thought in that direction.
- Last time I have supported the MEME DAILY activities for 3 Months (November-2021 to January-2022) from my personal funds before receiving the funds of November proposal at the end of January month.  
[[Approved] NEAR MEME DAILY November Month Expense](http://gov.near.org/t/approved-near-meme-daily-november-month-expense/9674)
- This time it is going to be difficult for me to keep the momentum we have set. Right now we have 85.3K Impressions with 35K Account visits on MEME Daily Twitter for the past 28 days analytics.  
 ![image](https://europe1.discourse-cdn.com/flex005/uploads/gov_near/original/3X/b/5/b582d5b8e60ced592970985faf38c57214101274.png)

Thanks

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<div class="post-metadata">

**Author:** ![satojandro](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/satojandro/32/6521_2.png) [@satojandro](https://gov.near.org/u/satojandro)\
**Post date:** [June 22, 2022, 12:26pm UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/18 "2022-06-22T12:26:39Z")

</div>

> [@naveen\_in](#):
>
> June (Adv) : 5350

Hi Naveen,

We’ve discussed this case during today’s Council meeting. We are willing to approve the proposal just for the June amount 5350. Unfortunately we are not able to proceed with the retroactive pay for pay differential.

Let us know if this is an acceptable offer so we can proceed.

Also be mindful that we are in the process of reviewing our criteria and process for distributing community funds. We are encouraging all projects to diversify on sources of revenue where possible.

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<div class="post-metadata">

**Author:** ![naveen\_in](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/naveen_in/32/49774_2.png) [@naveen\_in](https://gov.near.org/u/naveen_in)\
**Post date:** [June 22, 2022, 6:17pm UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/19 "2022-06-22T18:17:42Z")

</div>

[https://app.astrodao.com/dao/meme-daily-services.sputnik-dao.near/proposals/meme-daily-services.sputnik-dao.near-50](https://app.astrodao.com/dao/meme-daily-services.sputnik-dao.near/proposals/meme-daily-services.sputnik-dao.near-50)

We are ready to accept the proposed amount of June Month. Revising the proposal amount to 5350.

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<div class="post-metadata">

**Author:** ![naveen\_in](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.near.org/naveen_in/32/49774_2.png) [@naveen\_in](https://gov.near.org/u/naveen_in)\
**Post date:** [June 24, 2022, 7:40am UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/20 "2022-06-24T07:40:50Z")

</div>

The proposal has been revised. Kindly reconsider it.

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<div class="post-metadata">

**Author:** ![so608](https://avatars.discourse-cdn.com/v4/letter/s/ad7895/32.png) [@so608](https://gov.near.org/u/so608)\
**Post date:** [June 25, 2022, 2:47pm UTC](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360/21 "2022-06-25T14:47:45Z")

</div>

Moving this to approved – thanks for revising the proposal. You can submit to Astro.

[Next page](https://gov.near.org/t/approved-near-meme-daily-funding-request-june/22360.md?page=2)
