Proposal #55
Referendum #53

Using Treasury Funds to Incentivize Content Production and Distribution Through Wagmedia

Democracy
2yrs ago
5
Executed

Introduction

The purpose of this funding proposal is to request 85,500 INTR tokens (~2,000 USD based on Subscan EMA7 price) in treasury funds to incentivize content creators in the Interlay and Kintsugi networks to produce and distribute high-quality and informative content.

There’s currently a lack of accessible and accurate information about Interlay and Kintsugi online, which is hindering the growth of the networks. To address this issue, we propose to use the reward delivery system, WagMedia, to efficiently incentivize individuals to discover, develop, and distribute network-related content.

About Wagmedia

WagMedia is a Discord-based reward delivery system that connects those who want to share, create, and distribute the story of Dotsama with sources of funding. This system can also help Interlay and Kintsugi fulfil their purpose by efficiently incentivizing individuals in the discovery, development, and distribution of network-related content. Anyone is welcome to join the WagMedia Discord server and register with their substrate address. Actions performed on the server that meet the content objectives of participating treasuries are awarded by treasury directors who react to contributor posts with a custom value emoji. The user is then paid out by that treasury at the end of each week.

Proposal

The proposed strategy is to distribute treasury funds through WagMedia to content creators who meet the objectives of Interlay and Kintsugi. The funds will be used to build and maintain a marketing arm that provides accurate information to token holders. By doing so, we aim to establish a connection between token holders, the treasury, and media that works in their best interest.

The WagMedia reward delivery system will ensure that the distribution of funds is fair and transparent. This will create a positive impact on the Interlay and Kintsugi networks by increasing the availability of accurate and informative content to token holders, which will help drive network growth.

Handling of funds

Funding account: wd7ujFEwyRMMobncZ2Dx2keEVWWA42BATv7B3m7Vm8fmV3XsP
The funds will be deposited into an account controlled by a bot developed by Wagmedia that automatically generates reports based on the created content and tracks payable bounties to individual contributors.

Conclusion

This proposal aims to use 85,500 INTR tokens of treasury funds to incentivize content creators in the Interlay and Kintsugi networks to produce and distribute high-quality and informative content. The funds will be distributed efficiently and strategically through WagMedia to ensure a fair and transparent distribution. The end goal is to provide accurate information to token holders and to drive network growth. We believe that this proposal will establish a connection between the token holders, the treasury, and media that works in their best interest.

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Votes
AyePassing thresholdNay
82%18%
Aye
1.92MvINTR
Nay
408.73KvINTR
Turnout
2.33MvINTR
Electorate
0vINTR
Passed
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