Top up | HEROIC x Polkadot sponsorship due to DOT price drop
In Ref#762 (https://polkadot.polkassembly.io/referenda/762), we requested a total of $1,337,000 for an exclusive blockchain sponsorship of HEROIC esports.
Since then, we have successfully launched the partnership, established the Marketing Council with Polkadot community members (Leemo, Evan, and Olli + Nate from Distractive) to work on the first marketing campaign, and we are confirmed to do a keynote and stand at Decoded.
Unfortunately, due to a price drop, we received the payment when the price of DOT was $6.18 (29.06.24 at 10:40AM) and we are asking for a top up to cover the difference. This is to make sure we have the budget to cover all agreed marketing deliverables in the partnership agreement.
Top up request
- Original requested amount: 199,260 DOT at 6.987 USD — 1,392,259 USD at the time, anything above 1,337,000 USD would be repaid
- Received amount: 1,231,427 USD at 6.18 USD per DOT
- Top up request: 105,573 USDT
Comments (8)
Requested
Proposal Passed
Aye, have a huge variation of price
No, these treasury drains need to stop.