The fact that he is integrated and aware of of the entire NEAR ecosystems the exact reason why he would be a good choice for such a position. He knows what is happening to different projects and can share that information to Merchants. Sanket has also been active member of the community from the beginning and quite competitive with his analysis.
Have you been entering into the contests?
I am happy to discuss what you believe we can do better or what content you would like to see. In terms of compensation, I already addressed comparisons of a fulltime job verses something in crypto, which you completely ignored. If you have an issue with compensation that is something to discuss with NEAR core team or someone higher up. We at Merchants are trying to continue to grow the community and onboard individuals interested in trading.
@Yuppiefab is one of our analysts that provide TA for the Merchants as well as other educational content. As for what Yuppie does with the money, it is absolutely none of anyone else’s business.
As for the payment to jamesj.near, he is one of my friends and works at dydx, decentralized crypto exchange on Ethereum. I swapped 1k of NEAR with him for 1k of dydx token. Saving fees from sending to exchange, swapping to ETH, then swapping to dydx via uniswap. Also was getting him interested in NEAR protocol and hopefully that will lead to listings onto dydx in the future. Dydx also launched trading competition with 250k USDC as rewards which was shared to Merchants group. I want to build a strong relationship with them as it would bring value.
I think you guys need promote your guild and competitions here: Telegram: Contact @cryptonear , nearweek, and other near groups. Do it constantly. I’m not sure that people know about your guild . Target 1000 members by end of the month
add account on trading view
Publish weekly payout reports (wallet /transaction/purpose) here and on gov.near
Do monthly reports with iconographic and encourage most active users ( special user name like “TA guru” , NFT, special bonus, etc…)
Hire moderators from active users (now 2 moderators involved in other Near projects).
@David_NEAR@Dacha As I said before, I am happy to jump onto a video chat to hash out any questions or concerns you might have. But to say I have not answered any questions or have been transparent is just false. I have answered every questions you posted above, many of which you have added on as edits after the fact.
We had the addition of Sanket for more content and updates on projects and NEAR DeFi ecosystem. We also are trying to expand our outreach now to more TG groups, Reddit and Trading View along with Merchants also participating in a few panels.
I will move funds out of the merchants wallet to my own wallet so this is more clear. Some funds are reserved for contest and other payouts but the rest I was holding in the wallet. As I explained, I am trying to build a relationship with dydx and doing what I can to promote NEAR to them.
The payouts for the Merchants were as follows:
Monthly Contest Rewards: 110 NEAR (40+25+20+15+10)
Weekly Contest Rewards: 72 NEAR (4*(7+5+3+2+1))
Weekly highlights feature: 24 NEAR (42 per reward3 featured TA’s)
Monthly participation reward: 16 NEAR (8*2 per reward) this is for submitting all 4 weeks
Quality assurance reward: 8 NEAR (1 NEAR each who submitted quality TA that week and did not win any) Down week in terms of submissions and quality as NEAR was dropping
Referral: 8 NEAR (2 NEAR * 4 people who brought on people who submitted to contest)
Total: 238 N for contest payouts
Sanket: 50 NEAR as community/content manager
Yuppie and Misinformed: 350 NEAR each as analysts
Total: 988 NEAR
I think they provide good work? I am not sure who their other titles have anything to do with their work on Merchants, as they are doing different things. Mansadua is one of our analysts.
I offered you a bounty for sharing Merchants link with your trading group and you did not respond . I gave you a custom invite link for Merchants which has no activity.
@dacha, as for your concerns of funding. Merchants guild is part of the Warpspeed initiative which, I believe, is still funded with NEAR dominated. However, if you are pushing for payouts to be dollar dominated, it is not fair whatsoever to be attacking community members for moving their NEAR to an exchange and selling it.
Hey @david_NEAR. From what I have heard I was supposed to continue with NEAR dominated funding as a part of Warpspeed guild initiative. The NEAR dominated payouts is what was pitched when beginning the guild and what has been agreed upon. I do not think it is entirely fair for the funding method to be changed mid growth cycle without any discussion or feedback with Guilds or community. There are several concerns with dollar dominated funding I have. As guild leads, we are invested into the work and growth of NEAR; continued equity into NEAR price is aligned incentives. NEAR dominated allows us to continue quality initiatives such as the monthly contest with payouts. Also if Dollar dominated is the option, then let us be able to be paid in DAI, USDC or a dollar pegged stable coin of our choosing.
I do not think it is fair to have funding mechanism completely changed without any feedback or discussion with community contributors.
I would love to bridge the communication between me and some of the NEAR core if possible. There are other concerns I have, especially surrounding NEAR Con which I have not had answers for.
I am traveling tomorrow, so I might not be able to attend depending on time. I would prefer a separate discussion related to the topic for a later date.
For one, why are NEAR Con tickets so expensive? As a Guild lead, I am going to try to attend, but there was little to no communication from anyone to me about it, what should we expect, are we going to be providing any content. From the looks of it from my end, just seems like a networking and a bit of an educational opportunity.
@SanketN81 is already gets a great generous payment ~ $2800 in Degen’s Army for the same job (posts creating and shilling) , and as a true near supporter can do some activities for free. I don’t understand why you gonna pay her/him extra money?
Could you please (as I asked you initially) show your September’s transaction as a proof or expenses above ?
Sorry, but @SanketN81 does more work in your guild than @Yuppiefab and Minisformed. Also @Yuibnb is a degen and gets great money in their Army. I don’t understand why you’re going to pay them 350N $2800 for 4-6 TA posts a month.
I think you need reduce their payments to 50N a month.
I do my work for free. I don’t need any referral bonuses. If I got something, please spend it on charity : fotcp.near, which is a development center for disabled youth.
I just showed to you example how it’s easy to brought new community members and spent 0 dollars for that…
Sorry, it’s not my decision. I’m not pushing anybody here.