Polkadot existential deposit has been set to 1 DOT which made sense at the very beginning. However, with the sudden price spike in the last month (and it's reasonable to expect that the price can go even higher when the parachain auctions are launched) the deposit seems to be quite high. In my opinion, existential deposit should be some bare minimum (I would say no bigger than 5 USD) that will keep the account alive. In the current state of affairs, it's starting to become confusing for some members of the community because 1 DOT is becoming a substantial amount of money. 

So the purpose of this post is to discuss whether it makes sense to lower the existential deposit and what do new value should look like. I am looking forward to your opinions, thank you

Update existential deposit in Polkadot

The purpose of this proposal is to reward all the activities by the Polkadotters community that was founded in August 2020. We have started the biggest Polkadot community in the Czech/Slovak region that is nowadays a central hub for all Polkadot users from the region. But our plans were always to go international and therefore we created a Polkadotters brand and started to publish everything in English as well.
The reason why we are asking for this reward is that I left my full-time job in order to become a Polkadot ambassador and devote my professional life to the promotion of the Polkadot and Web 3.0 vision. I didn't have any other means of income except being a validator (Polkadotters enjoys the freedom of the press by not being paid for promotions or marketing :-) 

I know we should have asked for this some time ago but I finally got the courage to reach the Polkadot council for our support as of now. 

A detailed version of our proposal with calculations and rationales can be found [here](https://docs.google.com/document/d/1iYqRt1ZB1E1XSZhwk5zH1J8Io_SkjtH8MINl9-ibN8k/edit#heading=h.4uhl8jouxvv5), however, I will try to sum up our activity over here as well

**Social media**

- Facebook (Polkadot CZ/SK) - 4.3k members
- Twitter (Polkadotters) - over 1.5k followers
- Medium (Polkadotters) - over 600 followers

**Content**
- Medium - over 60 original articles in both Czech and English
- YouTube - over 20k views on Polkadot videos in the Czech language

**Other activities**
 - founding the [DOT Validator Alliance](http://dotvalidators.org/manifesto)
 - education about Substrate and development (being a developer myself)
 - hackathon participation
 - promotion of Polkadot on various Czech cryptocurrency events
 - participating in testnets and helping projects to start their networks
 - and many others

I created this post as the basis for the discussion with the council since I am not sure how much I can ask and what's the view of the council on such a proposal. I will appreciate any feedback and I am looking forward to the council's response.  

According to the 30-day DOT price average, we are currently asking for 2,736 DOT or roughly $41,280. This includes all the activities we have been doing for the community as well as the creation of our content and spreading it out to the Polkadot communities all over the world. 

I am really grateful for the council's support and I am definitely open to the adjustment of my proposal. II tried to back my request with some numbers because I know it would be outright rejected s so here they are and I would love to discuss the details with you! Thank you very much :-)



Funding of Polkadotters community

This is a tip whose proposer address (12s6UMSSfE2bNxtYrJc6eeuZ7UxQnRpUzaAh1gPQrGNFnE8h) is shown in on-chain info below. Only this user can edit this description and the title. If you own this account, login and tell us more about your proposal.