The Dots Magazine - 2nd proposal
Proponent: 1jdqZ53uEWAVFMGD1FCYsUyu4BpqrbgwRw2NpKpPPPQEG2z
Date: 15th August, 2024
Requested: $38,980 USDT for 6 month of operational work
Short description: The first Polkadot mememedia using signature humour as a tool to attract and retain new users in the Polkadot ecosystem
Project Category/Type: Content Creation/Marketing
Previous Proposal: https://kusama.polkassembly.io/referenda/376
Who are we?
The Dots Magazine an initiative created by two Polkadot fans in the late of January 2024 in order to cover the Polkadot universe in a humorous manner.
Mantra, a Meme Lord, professional content creator and ecosystem researcher. Ambassador at Phala Network.
John Mental, a Polkadot Senior Ambassador, Web3 content creator and contributor to the ecosystem since 2020. Councillor at Basilisk, Hydrator and contributor at Hydration.
What have we done so far?
The Dots now has 1960+ followers, 2.7M impressions, 5.3% engagement rate and tens of thousands likes and comments. We’re pretty sure we have shown our dedication, traction and strong presence in the Polkadot community. Our understanding of Polkadot, the crypto market in general and our use of humour takes entertainment content for Polkadot to the next level.
The Dots Analytics over the past 3 months
Our iconic memes:
1 2 3 4 5 6 7 8
Our iconic videos:
1
2
3
4
5
6
7
Why are we asking for funding now?
We’re about to run out of funds, and there are 2 reasons for this:
- Price drop
- Unrealistic budget in the 1st proposal
In the current proposal we want to correct our previous mistakes and evaluate our future work fairly. It has been 125+ days since the creation of the 1st proposal, and given that the 2nd one can be approved in a 28 days + spending period, we believe that we’ve chosen the reasonable timing to submit the new proposal.
Budget
We’re requesting $38,980 USDT for 6 month of operational work and here’s a breakdown of our budget:
Salaries (tax included) - $29,280
- Mantra. $35/hour, 88 hours. $3080 per month
- John. $50/hour, 36 hours. $1800 per month
Promotion on X - $5200
- $800 per month on content promotion
- Additional one-time payment of $400
Tools - $2100
- $350 per month on AI tools and software
Part-time work - $2400
- $400 per month on work that is outside of our speciality
Each section is expanded on in detail in the Full Proposal.
------- THE DOTS MAKES DOT GREAT AGAIN! -------
Comments (18)
Requested
Proposal Passed
Summary
0%
Aye
0%
Nay
Aye (45)0.0 DOT
Support0.0 DOT
Nay (24)0.0 DOT
Hi,
thanks for your detailed ref and pro. Two questions:
Beyond this 6-month period, do you have a plan for achieving financial sustainability? Are there any strategies in place to diversify your revenue streams or reduce dependency on treasury funding?
Given dots volatility , how do you plan to manage financial risks in the future to avoid budget shortfalls due to price drops?
Thanks for your response.
@Pieky
Hello and thanks for your questions.
As we see ourselves as a non-profit community-driven project, we wouldn't want to dilute our content with paid promotion, advertisements, or various questionable things that are so popular among crypto influencers. Moreover, we have declined offers received through direct messages on Twitter promoting suspicious stuff. However, we're always open to helping legitimate ecosystem projects, and we do so on a regular basis without asking for any funding from them.
We are specifically requesting funds in USDT to avoid price fluctuations.
We must suppress our instincts for dividing and computing cost per xyz and just admire your ability to make us laugh. Thank you for putting a smile on so many people's faces guys. Good luck!
@sourabhniyogi
Thank you broski for the support! We won't let the community face this wild crypto world alone. Only humor and memes will help us avoid getting old too early on this journey. WAGMI! 🫡