This is a referendumV2 whose proposer address (16JpoofitetnvCCuAVikBmYUKMExewpn1DPA6Dy5PMEz1aYg) is shown in on-chain info below. Only this user can edit this description and the title. If you own this account, login and tell us more about your proposal.

Cancel an ongoing referendum.

- `origin`: must be the `CancelOrigin`.
- `index`: The index of the referendum to be cancelled.

Emits `Cancelled`.

- **Problem Statement:** Encointer faces funding challenges due to unsustainable spending levels in Kusama's Treasury, necessitating a shift in funding strategy to secure uninterrupted financial support.
- **Significance:** The proposal aims to adapt funding strategies to secure funding from both KSM and DOT Treasuries to support Encointer's operations and prevent disruptive scenarios.
- **Proposed Solution:** Proposal to KSM Treasury for July and Aug 2023 expenses, with a subsequent proposal to DOT Treasury post-OpenGov implementation.
- **Expected Outcomes:** Expected spend of CHF 213,000 for July and Aug 2023, emphasizing the importance of continuous funding for Encointer's team and operations.

Referenda #212

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