In our recent <a href="33">referendum 33</a>, DOT holders decided against funding Encointer&rsquo;s current burn rate of 100kCHF/mt (1.5% of current treasury influx). Nevertheless, Encointer is deemed a valuable common good for the Dotsama ecosystem by many reputable individuals and projects in the Dotsama ecosystem.&nbsp;
With this adapted proposal we are budgeting with a 50% lower burn rate and aim to still achieve valuable goals similar to the ones described in the previous proposal on a relaxed timescale.
This proposal to the Polkadot Treasury shall cover our expenses for Sep-Dec 2023 (4mt)
The amount of the proposed spend is CHF 238&rsquo;000 = USD 270&rsquo;606 = 59'895 DOT 
Please read our new&nbsp; <a href="https://docs.google.com/document/d/1685yQrxkce_U3p0umdEMYQR_8dHo2ipp3bKS3tOKemE/edit?usp=sharing">detailed proposal document</a>
<h3>Summary of Planned Actions</h3>
<ol style="list-style-type: decimal;">
<li>Rampdown to half budget</li>
<li>Experiment with more scalable approaches within the personhood trilemma design space, leveraging the primitives we already built</li>
<li>Field test the new <a href="https://twitter.com/TheKusamarian/status/1689838297357434881">Encointer Faucet</a> as additional benefit of participation and onramp to KSM</li>
<li>Integrations with KILT, Polkassembly and possibly others</li>
</ol>
<img src="https://ibb.co/4WFn0dH" alt="" width="NaN" height="NaN" /><img src="https://i.ibb.co/b16MGJk/image.png" alt="" width="702" height="417" />
AAG appearances for this proposal: <a href="https://www.youtube.com/watch?v=6LwK6FyhrGE&amp;t=5237s">AAG59</a>, <a href="https://www.youtube.com/watch?v=iEghyN080LE&amp;t=5552s">AAG57</a>, <a href="https://twitter.com/TheKusamarian/status/1689838297357434881">AAG55</a>,&nbsp; 
We encourage voters to use encoding of their reasons into the voting amount as proposed&nbsp;<a href="https://forum.polkadot.network/t/how-voters-can-signal-more-than-aye-nay-today/3512">here</a>

In our recent <a href="../referenda/33">referendum 33</a>, DOT holders decided against funding Encointer&rsquo;s current burn rate of 100kCHF/mt (1.5% of current treasury influx). Nevertheless, Encointer is deemed a valuable common good for the Dotsama ecosystem by many reputable individuals and projects in the Dotsama ecosystem.&nbsp;
With this adapted proposal we are budgeting with a 50% lower burn rate and aim to still achieve valuable goals similar to the ones described in the previous proposal on a relaxed timescale.
This proposal to the Polkadot Treasury shall cover our expenses for Sep-Dec 2023 (4mt)
The amount of the proposed spend is CHF 238&rsquo;000 = USD 270&rsquo;606 = 59'895 DOT 
Please read our new&nbsp; <a href="https://docs.google.com/document/d/1685yQrxkce_U3p0umdEMYQR_8dHo2ipp3bKS3tOKemE/edit?usp=sharing">detailed proposal document</a>
<h3>Summary of Planned Actions</h3>
<ol style="list-style-type: decimal;">
<li>Rampdown to half budget</li>
<li>Experiment with more scalable approaches within the personhood trilemma design space, leveraging the primitives we already built</li>
<li>Field test the new <a href="https://twitter.com/TheKusamarian/status/1689838297357434881">Encointer Faucet</a> as additional benefit of participation and onramp to KSM</li>
<li>Integrations with KILT, Polkassembly and possibly others</li>
</ol>
<img src="https://ibb.co/4WFn0dH" alt="" width="NaN" height="NaN" /><img src="https://i.ibb.co/b16MGJk/image.png" alt="" width="702" height="417" />
&nbsp;

Encointer Treasury Proposal (budget halving)

Treasury

Propose and approve a spend of treasury funds.

- `origin`: Must be `SpendOrigin` with the `Success` value being at least `amount`.
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The destination account for the transfer.

NOTE: For record-keeping purposes, the proposer is deemed to be equivalent to the
beneficiary.

- DOT holders voted against funding Encointer's current burn rate.
- A new proposal with a lower burn rate has been made.
- The proposal covers expenses for Sep-Dec 2023.
- The proposed spend is CHF 238,000 = USD 270,606 = 59,895 DOT.
- Planned actions include scaling down the budget, experimenting with new approaches, testing the Encointer Faucet, and integrating with other projects.

#129 Encointer Treasury Proposal (budget halving)

No Active Proposals