Date: 5th March 2024 Technical Candidate/Proposer: <a href="https://twitter.com/decentrations">DED Tech Midwife</a> (party of DOTisDED team). 
Recipient of funds: <a style="text-decoration: none;" href="https://decentration.org">D</a>ED Tech Multisig (legal name: <a href="https://decentration.org">Decentration Trust Company</a>). 
Repo: <a style="text-decoration: none;" href="https://github.com/DOTisDED/snapshot"><span style="font-size: 11pt; font-family: Arial,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">https://github.com/DOTisDED/snapshot</a>
Version 0.2.1 Requested DOT: 31,200 Tldr; This proposal, otherwise referred to as the &ldquo;ED proposal&rdquo;, is a continuation of the fair distribution plan that <a style="text-decoration: none;" href="https://twitter.com/decentrations"><span style="font-size: 11pt; font-family: Arial,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: underline; -webkit-text-decoration-skip: none; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Ramsey (Tech Midwife, Decentration.org)</a> in January, which defines the technical delivery of the DED token on behalf of DOT holders, and seeks funding for the distribution of Existential Deposits (EDs) to all DED recipients + fees and technical value provided. Refer <a title="DED Token birthing phase: technical proposal " href="https://docs.google.com/document/d/1bottzSQvbCqW-WWjW6kAfJt_dGDV6CpW8-jUzWL2DKY/edit">here</a> for the proposal details. [Update] Please vote NAY on this because: 
<span style="box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset- --tw-ring- --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; padding: 0px; margin: 0px 0px 0.5rem; max-width: 100%; overflow-x: auto !important; line-height: 22.4px; font-weight: 500; font-family: __Poppins_21b249; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial;">After discussing with the other members of the DOTisDED team, who initially provided feedback and supported this referendum, have later pivoted referendum funding strategy <span style="box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset- --tw-ring- --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; padding: 0px; margin: 0px 0px 0.5rem; max-width: 100%; overflow-x: auto !important; line-height: 22.4px; font-weight: 500; font-family: __Poppins_21b249; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial;">based on community sentiment&nbsp;<span style="box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset- --tw-ring- --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; padding: 0px; margin: 0px 0px 0.5rem; max-width: 100%; overflow-x: auto !important; line-height: 22.4px; font-weight: 500; font-family: __Poppins_21b249; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial;">from a&nbsp;<em style="box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset- --tw-ring- --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; padding: 0px; margin: 0px; max-width: 100%; overflow-x: auto !important;">proposal by proposal approach to a DED Bounty Fund. The community feedback has lead to Referendum #556. I agree DED cannot truly succeed with just this technical budget and tentative future contributor proposals that are not well received. Therefore i will cancel this referendum and allow for the DED Bounty Fund #556 to play out. 
<span style="box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset- --tw-ring- --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; padding: 0px; margin: 0px 0px 0.5rem; max-width: 100%; overflow-x: auto !important; line-height: 22.4px; font-weight: 500; font-family: __Poppins_21b249; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial;">A DED bounty fund will give DED the best chances of success, while retaining the core value of 100% fair distribution.&nbsp; $10m fund to aim for &gt;$1bn value asset, is rational and reasonable odds. Dreaming of a zillion dollar token on bootstrap budget is a bad odds and waste of time and reputation.&nbsp;

- **Problem Statement:** 
  - Ramsey, representing DED Tech Midwife, proposed a distribution plan for DED tokens but now seeks to cancel the proposal due to community feedback favoring a DED Bounty Fund.

- **Significance:** 
  - The shift from a technical budget proposal to a DED Bounty Fund aligns with community sentiment and aims to enhance the success of DED while ensuring fair distribution.

- **Proposed Solution:** 
  - Transitioning from the technical budget proposal to a DED Bounty Fund to increase the likelihood of DED's success and maintain fair distribution.

- **Expected Outcomes:** 
  - Increased chances of DED's success and the preservation of the core value of 100% fair distribution through the DED Bounty Fund approach.

#548 [VOTE NAY] DED Token birthing phase: "EDs" and technical proposal | On-Demand Governance for Assets on Asset Hub.

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