Hello, everyone. This discussion post aims to gather insights and feedback from the community about a planned treasury proposal for Cyborg Network. Cyborg Network is a web2.5 centric parachain to onboard a fresh wave of enterprise and web2 native users into the dotsama ecosystem.

Summary:

Polkadot, as one of the most technically advanced blockchain ecosystems, holds immense potential for modeling enterprise-ready applications. This can attract a significant influx of users and developers. Our goal is to leverage this technology and introduce a new wave of web2 and enterprise users into the Polkadot ecosystem. We plan to achieve this by building industry-ready infrastructure that facilitates AI adoption.

We are developing a platform for managing AI compute resources (both training and inference) with strategic partnerships across web2 and web3 domains. Our vision is to launch the Cyborg parachain as Polkadot's web2.5 hub. This will empower developers to build, deploy, and scale web2.5 applications on our parachain with dedicated business development support and mentorship.

Additionally, we are launching a Polkadot-centric product line called JAM-Boost. JAM-Boost will enable the deployment and management of Polkadot edge nodes (low-latency collators and validators). This will facilitate infrastructure decentralization for new technologies like async backing and JAM. JAM-Boost will be offered as part of the IBP bounty program.

We are seeking 182,275 USDT to build and launch the Cyborg parachain on mainnet. 

We are a team of PBA graduates (Devs and Founders) spanning across different cohorts. We recently won a few polkadot hackathons and delivered a W3F grant. Here is a short highlight of our team’s journey across the polkadot ecosystem:

Winner - Web3 Hack X Hackathon
Winner - Polkadot Hackathon Global Series: NA edition 2024 
Winner - Polkadot Prodigy Hackathon 
Finalist - Polkadot Winter Hackathon
W3f Grants Program
PBA Finals Pitch
Polkadot Alpha Program
Polkadot Relayers Incubator
Polkadot Encode Accelerator 2023
Polkadot Decoded Viewing party 2023
DMCC TDeFi Accelerator
Polkadot Insider

Link to the full proposal is here

Looking forward to your feedback!!

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Updates:

Contrary to common assumptions, this proposal is not for a token swap.

The airdrop, as mentioned above, will be done irrespective of the result of this proposal. We like the idea of every DOT wallet holding some BORG, similar to how DED tokens are distributed, and to achieve effective decentralization.

Based on the feedback we received so far, we have decided to use the DOT token and Asset Hub stablecoins for all transactions related to JAM-Boost. Users can pay for services and receive rewards in DOT or other Asset Hub stablecoins. Our token will not be used for this product, as this will act as a common good for the ecosystem.

In the future, however, we may opt to use DOT across our entire platform (depending on user feedback and community consensus), potentially removing the need for a separate token for Cyborg Network.