The full proposal can be found in a Google Doc <a href="https://docs.google.com/document/d/1DJ-298-0xv3fQsVp0dUnCfedFMTNy4x_3ah2FM19b3s/edit?usp=sharing">here</a>. For the sake of brevity, this post is in Q&amp;A format.
Q: Is this yet another resubmission of the failed <a href="https://polkadot.subsquare.io/referenda/731">Ref 731</a>? A: No. The previous Ref asked for a discretionary budget of $1m for a much larger series of unspecified investor events. This Ref on the other hand has a much smaller budget for a clearly defined series of 5 events by a single organiser (Prestel and Partners).
Q: Why are you not applying to the Events Bounty? A: We tried! However, bounty curators rejected it on 9 November, arguing that since a similar proposal failed in OpenGov in the past, they are unable to fund it.
Q: Is the sponsorship for Polkadot or for HIC? A: For Polkadot. HIC will merely be the organiser of the events on behalf of Polkadot. (Similarly to WebZero being the organiser of the latest Sub0, for example).
Q: What investments will be promoted through the event series? A: Our presentation at the events will be primarily educational, not a sales event, and focused on Polkadot&rsquo;s technology and the application layer. We will not promote any direct investments or actively solicit investments for the HIC Polkadot Fund on stage.
Q: Who can be a speaker on behalf of Polkadot at these investor events? A: Anybody! If you would like to be considered, please email max@harbourindustrial.com.
Q: When and where will the 5 summits take place? A: 4-5th February 2025 (Riyadh), 18-19th February 2025 (Dubai), 29-30th April 2025 (Singapore), 28-29th May 2025 (Istanbul), 2-3rd July 2025 (London).
Q: How was Prestel and Partners chosen? A: Prestel and Partners is one of the world&rsquo;s premier organisers of traditional investor conferences. Their clients include some very prominent family offices who we want to expose to Polakdot at these conferences.
Q: Why are you doing 5 summits? A: Reducing the scope from 20 summits to 5, is in response to the most common request by voters in the previous failed Ref. 5 summits was the minimum package the organiser ageed on.
Q: Why should Polkadot participate in traditional investor conferences rather than focus on established crypto conferences? A: To get outside the crypto echo chamber and attract new traditional institutional capital to Polkadot.
Q: Why is HIC leading this? A: In a decentralised ecosystem, for something to happen, somebody needs to take the initiative. As a Polkadot-focused fund, we are well positioned to speak to traditional investors in a language they understand.
Q: Is HIC making any money from this? A: As a matter of fact, no! As can be seen in the budget breakdown, we are not requesting any treasury funds for our time and effort spent in organising these events.
Q: Why should the treasury fund this? A: Educating traditional investors about Polkadot is one of the easiest ways to attract new external capital to the ecosystem. This will benefit everyone through more funding becoming available for Polkadot-based projects, as well as increased external buying pressure for DOT.
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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:** Clarifying the distinction between the current referendum and a previous failed one, addressing concerns about budget and event specifics.
- **Significance:** Addressing rejection from the Events Bounty due to past failures, emphasizing the need to attract traditional institutional capital to Polkadot.
- **Proposed Solution:** Hosting a series of 5 investor events organized by Prestel and Partners to educate traditional investors about Polkadot.
- **Expected Outcomes:** Attracting new external capital to the ecosystem, benefiting Polkadot-based projects and increasing external buying pressure for DOT.

#1337 Prestel & Partners: Family Office & Investor Conference Series for Polkadot

No Active Proposals