[REPORT] Changa Records DAO July Funds REPORT

Project Name: Changa Records DAO

Project Status: [in progress]

Project members:

Luna Nicke: lunatikculture.near

Alessandra Scoffi: alessandrascoffi.near

João Freire: forestusoberus.near

DAO: changarecords.sputnik-dao.near

Funding Period: JUNE

Specific projects:
We are currently working in 2 long term projects
Changa Records (event organizer): we intend to do an event in June 18
Changa Records (label): we aim to develope our label by onboard our artists in Near Protocol, creating our mintbase and NFT’s with the artist’s work.

PAY OUTS:

Changa Records (event organizer):

SUSTAINABILITY PROGRAM: 450 USD

BOUNTY: 350 USD

NEARDROP CAMPAIGN: 0 USD

MINTBASE WORKSHOP: 100 USD

DIGITAL NOMAD: 1900 USD

Changa Records (label):

-We have no projects to happen in May. Still enjoying the ride of our first release.
https://changarecordsofficial.bandcamp.com/album/changa-records-vol-1//123456

COUNCIL MATTERS:

Council Work: 3 x 83 USD = 249 USD

TOTAL PAYED = 3049 USD

:NOTE: The initial value asked by our DAO was 3800 USD but because N value went down Changa Records DAO only had the acess to 3049 USD. There were some changes in the payment methon from Near foundation with the new “pact-safe” and invoicing method. In the end of July and Begining of August our DAO been part of Boom Festival and Modem Festival volunteering team in order to learn all kinds of information to be used in our DAO. But the network connections in both of the venets was very bad so the DAO didnt connect with the apps. We got our Proposal Aproved and the Poll was only Aproved in August. We filled the form that is available in the Forum but the Contract wasnt arriving so we tryed to get help in the Creatives Chat about it. After we realized that the method for payment was changed we took the decision to only send the contract when arriving to Portugal from Modem Festival in Croatia. But the payment was concluded before we even send the invoice for it and the Funds stood in the wallet suffering a value down. Changa Records DAO swaps every month the Funds into DAI but because we didnt check the wallet it stood there. Next proposal we gonna request a Buffer to pay the 350 USD lost because of N value going down and this slight “confusion”. Our DAO decided to start the NEARDROP CAMPAIGN IN September.

BUFFER TO BE ASKED:
-250 USD to be paid to theartofsam.near (paid 250 usd instead of 500 usd)
-100 USD to be paid to eyesinart.near (paid 200 usd instead of 300 usd)
TOTAL: 350 USD BUFFER

All are welcome to join us to talk and see our projects.

Facebook: Changa Records
Instagram: https://www.instagram.com/changarecordsofficial/

3 Likes

Hello @ChangaRecords

May I know the $500 and $300 number is from which proposal? Thank you

3 Likes

How is the SUSTAINABILITY PROGRAM went? can you do a specific report for that?

$800 was approved in the July proposal, $450 was the actual number pay out, so may I ask where’s the remaining $350? (The original post was edited 4 days ago)

And also I seem can’t find the information of the result of this project. Would you mind adding some information on that? Thank you very much!

4 Likes

Hi!

From this proposal:

2 Likes

The remaining 350 USD were just lost because of N value going down

Insted of 3800 USD in total we just aplyed 3050 USD

3800 USD - 3050 USD = 750 USD

Missing pay outs:

-100 USD to eyesinart.near to buy materials to build the front stage and decor
-250 USD to theartofsam.near for creating artwork and all the social media communication for our event Digital Nomad
-400 USD to NearDrop Campaign that we decided to postpone to september because the event has been postponed to November

3 Likes

Hi again!

If you click on the link you will se that the post is a report already. But we updated more info and image about the stage.

More info will be added as the artwork for the event developes and the stage structure will be builten

4 Likes