Hello Everyone!
We are happy to share our May funding round budget to the HoM.
Would suggest to check our CHARTER (Under KPI & Funding Section) to see our 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 May 2024, the Globe DAO received:
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15 Proposals
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Total amount requested (including council’s remuneration): $47,540
Submission Period : 2 April - 10 April
List of Proposals
| Community | Proposal LINK | Requested Amount |
|---|---|---|
| Near Korea | NEAR KOREA MAY 2024 | $4000 |
| Near Vietnam | NEAR VIETNAM MAY 2024 | $4000 |
| Near Indonesia | NEAR INDONESIA MAY 2024 | $4000 |
| Near ES | NEAR ES MAY 2024 | $3000 |
| Near Pakistan | NEAR PAKISTAN MAY 2024 | $1300 |
| Near Colombia | NEAR COLOMBIA MAY 2024 | $1300 |
| Near India | NEAR INDIA MAY 2024 | $3200 |
| Near German | NEAR GERMAN MAY 2024 | $2200 |
| Near Positive Vibes | NEAR POSITIVE VIBES MAY 2024 | $2200 |
| Near Turkey | NEAR TURKEY MAY 2024 | $4000 |
| NEAR Thailand | NEAR THAILAND MAY 2024 | $3200 |
| Near Ukraine | NEAR UKRAINE MAY 2024 | $3040 |
| Near Brazil | NEAR BRAZIL MAY 2024 | $1300 |
| Near Arabic | NEAR ARABIC MAY 2024 | $2200 |
| Near Antigua | NEAR ANTIGUA MAY 2024 | $1300 |
- Here’re the approved once:
| Community | Proposal LINK | Requested Amount |
|---|---|---|
| Near Korea | NEAR KOREA MAY 2024 | $4000 |
| Near Vietnam | NEAR VIETNAM MAY 2024 | $4000 |
| Near Indonesia | NEAR INDONESIA MAY 2024 | $4000 |
| Near ES | NEAR ES MAY 2024 | $3000 |
| Near Pakistan | NEAR PAKISTAN MAY 2024 | $1300 |
| Near Colombia | NEAR COLOMBIA MAY 2024 | $1300 |
| Near India | NEAR INDIA MAY 2024 | $3200 |
| Near German | NEAR GERMAN MAY 2024 | $2200 |
| Near Positive Vibes | NEAR POSITIVE VIBES MAY 2024 | $2200 |
| Near Turkey | NEAR TURKEY MAY 2024 | $4000 |
| Near Ukraine | NEAR UKRAINE MAY 2024 | $3040 |
| Near Brazil | NEAR BRAZIL MAY 2024 | $1300 |
| Renumeration (Aman) | [REPORT] Globe DAO Council AMAN March / April | $2800 |
| Renumeration (Cizi) | [REPORT] Globe DAO Council Cizi March / April | $2800 |
| Renumeration (Dery) | [REPORT] Globe DAO Council Dery March / April | $2800 |
| Renumeration (Ihor) | [REPORT] Globe DAO Council Ihor Mar/Apr | $2800 |
| Renumeration (Hai) | [REPORT] Globe DAO Council Hai Mar/Apr | $2800 |
| Total | $47,540 |
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Proposals that didn’t got approval in May can submit their proposals again in June after working on feedbacks.
Globe DAO May funding procedure:
2 April - 10 April: Applicants submitted their proposals on NEAR BOS within the suitable category.
11 April - 16 April: GDAO councils will review the proposals.
16 April - 17 April: GDAO councils submit funding requests to the HoM. KYC/KYB processes for approved applicants begin.
18 April - 24 April: HoM members review the funding request, voting & providing feedbacks.
24 April - 30 April: 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 March Metrics, check our Report on Forum: [REPORT] NEAR Globe DAO MARCH 2024 Report