Dear community,
I would like to provide a detailed breakdown of the OWS funds distribution in October that serves as a basis for the estimation of funds requested for November - a total of 2,450 NEAR.
(OWS Fund Request [October] for reference)
The following OWS needs have to be covered on a monthly basis. These include:
- 1. Moderator pay: 7,200 USD
How did we arrive at this figure?
Based on the previous months, Sandbox moderators have been rewarded 800 USD for the commitment of min 10h per week: Community Acknowledgement [July]. That results in 5,600 USD (@Jacopo has volunteered to do extra 10h as of this month which explains extra 800 USD in this section compared to the last month)
On top of that, In September we have launched 4 new language channels on the Discord Server: Spanish, Vietnamese, Russian, and for the region of India. To moderate these channels in the native language we onboarded 3 new language coordinators: @FritzWorm @Monish016 @williamx (=moderators) who will be monthly rewarded 400 USD for the commitment of min 5-7h per week. That adds extra 1,600 USD to the moderator section.
We have also welcomed @Aria in our team to take care of the OWS events.
- 2. Rolling rewards (standard tasks available for everyone each month): 39,900 USD
How did we arrive at this figure?
*Note: max amount has been limited to 300 USD per contributor for these tasks in order to allocate more budget to the project-requested tasks: 30,000 USD (in October OWS had 115 approved submissions). Assuming current growth of 15% we assume a max of 133 submissions in November (15% of growth that translates into 18 new expected submissions in November => 115+18= 133). Capped at 300 USD per contributor gives 39,900 USD. Should engagement grow faster than expected and cause more than 133 submissions, the OWS Treasury funds (=5000N) will cover it.
*A max award of 1371,1 USD was possible because it included project work (on top of rolling opportunities tasks) that @Monish016 has been undertaking
- 3. Payouts to contributors working on requests of NEAR-based projects: 12,000 USD
How did we arrive at this figure?
As of September, the OWS has shifted its focus from general reward opportunities to more targeted project work that we believe will better support the NEAR ecosystem with more focused actions from the Sandboxers as compared to free-floating initiatives captured by the rolling opportunities. To motivate projects come to us and deploy OWS funds, we raised the amount from 1000 USD to 1500 USD per project/per month. Ongoing Projects in November are represented in the infographic below:
- Sankore content creation, management, feasibility study [September 2021] Sankore project opportunity: help us with website management || The call is closed
-
Sputnik DAO Twitter management [July 2021] SputnikDAO Project Opportunity || Status: candidates found
-
$MYNE 3d avatars, video [September 2021] $MYNE project opportunity: help us with the landing page and visual content
-
Aurora project [October 2021] Aurora project opportunity: help us with support of TG and Discord channels || Status: candidates found
-
TENK project [October 2021] TenK x NEAR Labs project opportunity: help us with community management
-
DAO Records [October 2021] DAO Records Project opportunity: help us with the code translation
-
The Design Guild social network management, promo
- The OWS project [September 2021] Open Web Sandbox Rewards and Opportunities
To sum up
This three elements sum up to 59,100 USD which should have been OWS initial request for November. From October OWS DAO has 8777,95 NEAR left to be used (5000N is preserved as Treasure for emergencies and we are left with 3777,95 or 35,853 USD). To come to the estimated amount of 59,100 USD, we are requesting an additional of 23,247 USD or 2,450 NEAR (converted by that rate of 21/11/21: 1 NEAR= 9,49 USD).
Please let me know if any further clarification is desired.
Best,
Sofia