**Polkadot**

This is a Discussion on how efficiently we can use our Treasury for Business Development. 

My Introduction: 
My name is Hashaam and this my First post. I am not a Tech Savvy Person and work as an Accounting Consultant for my work. 

I have been following Polkadot for quite some time now and have always been a fan of technology which is why I am here today sharing my 2 cents. 

Note:  NOT A PROPOSAL, NOT A GRIFTER. 
Just want us to discuss as a community for the collective good. 

PROBLEMS WE FACE TODAY:

1:  Low Market Cap
2: Less Investor interest
3: No hype 
 
and many others like UI and UX that we all know. 

WHAT IS WRONG WITH WHAT WE DO?


MARKETING 

Different Than Advertising

We Need to Market the complete product (sales, advertising, Research, Branding)

By coming up with fancy names we are losing a big Marketing opportunity.

If we want non-crypto user or even crypto users to get to know Polka dot better, we need them to remember the name POLKADOT.


**Branding** 

With Branding, have we considered on how anti Polkadot it is to use just random names for products we offer?


Why can't it just be Polkadot?

Why can't snow bridge be Polka Dot Snow Bridge? 

Or hyper bridge be Polka dot hyper bridge?

Or maybe Asset hub be Polkadot Hub?

**Who knows Polkadot?**


A lot of people out there don't even know that all these products come under Polkadot.


Example:  

Grey Paper:

We came up with a fancy Grey paper and had JAM written on top of it. 
Why?

Why was it JAM and not POLKADOT JAM?

It should be POLKADOT JAM. No one knows what the logo says in the Background on grey paper. 

it created a confusion among community and other people that there is a possibility of a new token to be released in the Market. 

I know we here at this platform are not confused and I am not talking about us, I am talking about the new investors who know nothing of the Technology and just want to invest in good projects. 







OpenGOV

I would like to discuss the possibility to Bring in Tender System to Polkadot Treasury Proposal, Specifically for Medium and Big spenders. 


How will Tender System Work?

For Tender System to work, we need to set up our short to medium Term Goals. 

**Bargain or let other Bargain for our benefit**


How?

Publish a tender and let others fight for a better offering. 



Example of Short Term Goal:

Need athletes to wear our Jersey for Brand awareness:

Publish a Big spender Tender on Open Gov and then have Teams compete on who can offer the best Price suitable for Polkadot and for them as well. 
Measure QUALITY, QUANTITY and COST

We need Win- Win situation and nothing like the Proposer win and we lose.

NOTE: Third party proposals can never be in the best interest of POLKADOT. 

Example: Chainalysis

** We don't need to let people quote their price for a service we don't need.**

We need to put a tender out that we want XYZ on POLKADOT and the team who put the best price will get a deal.
REMEMBER: QUALITY, QUANTITY and COST







MILESTONES AND GRIFTERS

Every proposal should have milestones, Specially the BIG SPENDERS (exceptions for small spenders)


Every proposal should be paid on instalments.

Once a proposal is passed, the amount should be moved into reserves for spending which should then be paid in instalments after when teams have completed their milestones. 
If we find a GRIFTER, then maybe we can save like 80% of the funding. 



**Requesting Teams to Market their Product (Big NAY)**

Other teams will never market our Product, even if they are building on Polkadot. 

Why should they do it? (They have sold their product to us and earned reward.) It’s not their pain. 

It means they were good enough to sell their service to us and once we own that product, we cannot sell it further even though it has added value to our ecosystem. 

Example:

You are a Baker who wants to open a shop in a big plaza at a fancy place. 

You presented your proposal and the landlord has agreed to sign a contract with you for next 5 years. 

Once you have got the contract and your shop is now opened.

Will you market that Plaza or your shop to increase your sales?

For POLKADOT, if we have a third party team who is willing to enhance a product for us, we accept and we pay them to do it. Why should they market it?  

What they'll do it to find other companies or propose something else to increase their sales for the services they are offering. 

NO BENEFIT TO POLKADOT.









**Where should we spend?**

Big question is where should we spend?

Some examples which will benefit our ecosystem 

1: Better sales team:
We need better Sales team who can not only bring projects from other ecosystems to polkadot but sell our products to new users willing to join the ecosystem.




2: Commission agents (get us a deal and get your commission) instead to just paying teams and hoping we'll get DEVs to build on Polkadot.

WIN-WIN situation and we would know that our money spent is working. 

3: People with better PR within the ecosystem who can attract new Teams and investors. (they can work like commission agents)




Feedback

Feedback from retail investors.

We need to get more feedback more retail investors on UI and UX.

Example: When you ask a non-crypto user who has maybe invested 100 or a 1000$ on crypto on what exchange they use?

Binance is the answer

Reason: Better experience


What we need on polkadot?

Better experience from them and update our products according to their needs, not like we provide them something and ask them to get used to it.


Short term GOAL:

User experience so simple that even a non-crypto user can use Polkadot
(Assethub experience or I should say Polkadot Hub)

How to know if we have achieved it?
Don’t build and say it’s simple
Build and do a Survey and let others say that it’s easy to use. (critics)
Of course it’s easy to people who know the technology.  


Apologies for any typos or errors as I just drafted it at my Job Break. 
I am not too sure if I'll be able to join AAG to discuss but I'll try my best to Join and discuss further with other Team members. 

I reside in AU and am a very early sleeper. Apologies. 

Looking forward to a good and productive Discussion. 






**Polkadot**

This is a Discussion on how efficiently we can use our Treasury for Business Development. 

My Introduction: 
My name is Hashaam and this my First post. I am not a Tech Savvy Person and work as an Accounting Consultant for my work. 

I have been following Polkadot for quite some time now and have always been a fan of technology which is why I am here today sharing my 2 cents. 

Note:  NOT A PROPOSAL, NOT A GRIFTER. 
Just want us to discuss as a community for the collective good. 

PROBLEMS WE FACE TODAY:

1:  Low Market Cap
2: Less Investor interest
3: No hype 
 
and many others like UI and UX that we all know. 

WHAT IS WRONG WITH WHAT WE DO?


MARKETING 

Different Than Advertising

We Need to Market the complete product (sales, advertising, Research, Branding)

By coming up with fancy names we are losing a big Marketing opportunity.

If we want non-crypto user or even crypto users to get to know Polka dot better, we need them to remember the name POLKADOT.


**Branding** 

With Branding, have we considered on how anti Polkadot it is to use just random names for products we offer?


Why can't it just be Polkadot?

Why can't snow bridge be Polka Dot Snow Bridge? 

Or hyper bridge be Polka dot hyper bridge?

Or maybe Asset hub be Polkadot Hub?

**Who knows Polkadot?**


A lot of people out there don't even know that all these products come under Polkadot.


Example:  

Grey Paper:

We came up with a fancy Grey paper and had JAM written on top of it. 
Why?

Why was it JAM and not POLKADOT JAM?

It should be POLKADOT JAM. No one knows what the logo says in the Background on grey paper. 

it created a confusion among community and other people that there is a possibility of a new token to be released in the Market. 

I know we here at this platform are not confused and I am not talking about us, I am talking about the new investors who know nothing of the Technology and just want to invest in good projects. 







OpenGOV

I would like to discuss the possibility to Bring in Tender System to Polkadot Treasury Proposal, Specifically for Medium and Big spenders. 


How will Tender System Work?

For Tender System to work, we need to set up our short to medium Term Goals. 

**Bargain or let other Bargain for our benefit**


How?

Publish a tender and let others fight for a better offering. 



Example of Short Term Goal:

Need athletes to wear our Jersey for Brand awareness:

Publish a Big spender Tender on Open Gov and then have Teams compete on who can offer the best Price suitable for Polkadot and for them as well. 
Measure QUALITY, QUANTITY and COST

We need Win- Win situation and nothing like the Proposer win and we lose.

NOTE: Third party proposals can never be in the best interest of POLKADOT. 

Example: Chainalysis

** We don't need to let people quote their price for a service we don't need.**

We need to put a tender out that we want XYZ on POLKADOT and the team who put the best price will get a deal.
REMEMBER: QUALITY, QUANTITY and COST







MILESTONES AND GRIFTERS

Every proposal should have milestones, Specially the BIG SPENDERS (exceptions for small spenders)


Every proposal should be paid on instalments.

Once a proposal is passed, the amount should be moved into reserves for spending which should then be paid in instalments after when teams have completed their milestones. 
If we find a GRIFTER, then maybe we can save like 80% of the funding. 



**Requesting Teams to Market their Product (Big NAY)**

Other teams will never market our Market, even if they are building on Polkadot. 

Why should they do it? (They have sold their product to us and earned reward.) It’s not their pain. 

It means they were good enough to sell their service to us and once we own that product, we cannot sell it further even though it has added value to our ecosystem. 

Example:

You are a Baker who wants to open a shop in a big plaza at a fancy place. 

You presented your proposal and the landlord has agreed to sign a contract with you for next 5 years. 

Once you have got the contract and your shop is now opened.

Will you market that Plaza or your shop to increase your sales?

For POLKADOT, if we have a third party team who is willing to enhance a product for us, we accept and we pay them to do it. Why should they market it?  

What they'll do it to find other companies or propose something else to increase their sales for the services they are offering. 

NO BENEFIT TO POLKADOT.









**Where should we spend?**

Big question is where should we spend?

Some examples which will benefit our ecosystem 

1: Better sales team:
We need better Sales team who can not only bring projects from other ecosystems to polkadot but sell our products to new users willing to join the ecosystem.




2: Commission agents (get us a deal and get your commission) instead to just paying teams and hoping we'll get DEVs to build on Polkadot.

WIN-WIN situation and we would know that our money spent is working. 

3: People with better PR within the ecosystem who can attract new Teams and investors. (they can work like commission agents)




Feedback

Feedback from retail investors.

We need to get more feedback more retail investors on UI and UX.

Example: When you ask a non-crypto user who has maybe invested 100 or a 1000$ on crypto on what exchange they use?

Binance is the answer

Reason: Better experience


What we need on polkadot?

Better experience from them and update our products according to their needs, not like we provide them something and ask them to get used to it.


Short term GOAL:

User experience so simple that even a non-crypto user can use Polkadot
(Assethub experience or I should say Polkadot Hub)

How to know if we have achieved it?
Don’t build and say it’s simple
Build and do a Survey and let others say that it’s easy to use. (critics)
Of course it’s easy to people who know the technology.  


Apologies for any typos or errors as I just drafted it at my Job Break. 
I am not too sure if I'll be able to join AAG to discuss but I'll try my best to Join and discuss further with other Team members. 

I reside in AU and am a very early sleeper. Apologies. 

Looking forward to a good and productive Discussion. 






What's best for POLKADOT 

Problem Statement:
- Inefficient use of Polkadot Treasury for business development, lack of marketing strategy, and confusion in branding.

Significance:
- Enhancing marketing efforts, establishing a clear branding strategy, implementing a tender system for proposals, ensuring quality and cost-effectiveness in spending, and incorporating milestones to prevent misuse of funds.

Proposed Solution:
- Implement a tender system for medium and big spenders, set short to medium-term goals, focus on quality, quantity, and cost, and ensure proposals have milestones and are paid in installments.

Expected Outcomes:
- Improved brand recognition, increased investor interest, efficient allocation of funds, enhanced user experience, and attracting new projects and investors to the Polkadot ecosystem.

#2434 What's best for POLKADOT

No Active Proposals