<img src="https://i.ibb.co/DwhdZNq/FBBA-Logo-BANNER-GREEN.png" alt="" width="343" height="66" />
Proponent:&nbsp; FBBA account: <a href="../user/FBBA">131S1zdnMfhF1hB4sWornxLvX5SY3c8GhtFPPePUTvhphQRM</a>
Date: September 30, 2024
Requested USDT: 50,000 USDT
Summary: This proposal requests 50,000 USDT to sponsor Polkadot&rsquo;s involvement with the <a href="https://www.fbba.io/">Florida Blockchain Business Association</a> (FBBA) at the Enterprise level. The sponsorship aims to enhance Polkadot&rsquo;s presence in the U.S., leveraging connections with blockchain policy advocates, businesses, and government officials to foster growth, improve regulatory engagement, and explore new integrations.
This proposal will leverage the leadership of Angela Dalton, Head Ambassador, expand upon the learnings from Ecosystem Agent Yung Beef (Zach Edwards) and his OpenGov Referendum #675 <a href="675#y2hsWjUPDHNYSeqrUJO5">Improving Polkadot&rsquo;s Presence In the U.S. With The Texas Blockchain Council</a>, and support Ecosystem Agent James Slusser to improve Polkadot&rsquo;s presence in the U.S.
Florida currently has the third-largest population in the United States, with an estimated 22.95 million people in 2024. Its economy is the fourth largest in the country, boasting a real GDP of $1.6 trillion as of the third quarter of 2023. In terms of global economic standings, Florida ranks as the 13th largest economy in the world. In the third quarter of 2023, Florida's economy experienced a growth rate of 6.1%, significantly outpacing the overall U.S. economy. The state's economic contributions account for approximately 5.7% of the entire U.S. economy, highlighting its significant influence both nationally and globally​.
Following OpenGov protocol I will leave the Pre-Proposal Discussion open for two weeks, followed by the referendum submission. I welcome and appreciate all community feedback, questions and comments, and will request to appear on AAG to discuss further.
Link to the <a href="https://docs.google.com/document/d/10bMakPMoenEk4iYwSaFMgLYrf9BeAxh5aRV0j8J8flM/edit?usp=sharing">draft Proposal</a>

Pre-Proposal Discussion: Florida Blockchain Business Association (FBBA) Sponsorship to Improve Polkadot’s Presence In the U.S.

Treasury

Propose and approve a spend of treasury funds.

## Dispatch Origin

Must be [`Config::SpendOrigin`] with the `Success` value being at least
`amount` of `asset_kind` in the native asset. The amount of `asset_kind` is converted
for assertion using the [`Config::BalanceConverter`].

## Details

Create an approved spend for transferring a specific `amount` of `asset_kind` to a
designated beneficiary. The spend must be claimed using the `payout` dispatchable within
the [`Config::PayoutPeriod`].

### Parameters
- `asset_kind`: An indicator of the specific asset class to be spent.
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The beneficiary of the spend.
- `valid_from`: The block number from which the spend can be claimed. It can refer to
  the past if the resulting spend has not yet expired according to the
  [`Config::PayoutPeriod`]. If `None`, the spend can be claimed immediately after
  approval.

## Events

Emits [`Event::AssetSpendApproved`] if successful.

- **Problem Statement:** Requesting 50,000 USDT to sponsor Polkadot's involvement with the Florida Blockchain Business Association (FBBA) to enhance Polkadot's presence in the U.S.
- **Significance:** Florida has the third-largest population in the U.S. and the 13th largest economy globally, making it a key area for Polkadot's growth and regulatory engagement.
- **Proposed Solution:** Sponsorship to leverage connections with blockchain advocates, businesses, and government officials to foster growth, improve regulatory engagement, and explore new integrations.
- **Expected Outcomes:** Enhanced presence in the U.S., improved regulatory engagement, and potential for new integrations, benefiting Polkadot's growth and influence.

#1223 Florida Blockchain Business Association (FBBA) Sponsorship to Improve Polkadot’s Presence In the U.S.

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