Requesting a refill for marketing bounty number #33
Beneficiary:Previous refill of 500k just got confirmed yesterday
I am requesting a refill of another 500k for the following reasons:
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Right now marketing bounty doesn't have any funds and the next spending period is 22 days away. That means that the bounty will have to function on credit trying to promise influencers and partners that they will be paid later so as soon as we receive the funds a good chunk will immediately go because of the debts we will have accumulated during those 22 days
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The price of DOT lost almost 50% since the previous refill of 500K was requested
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Based on some feedback I received within some private chats and a survey on Twitter it seems that the community is more interested in transparency than in being cost effective. One of the reasons we are able to negotiate discounts with influencers is because we promise them that we will not disclose the individual prices but only the aggregate. Influencers do not want to offer discounts if those are going to be made public. However many people complain of lack of transparency and would prefer that we pay the full price and do not ask for discounts so that we can itemize how much we spend for every influencer instead of just providing the aggregate for a group of influencers. This is going to increase the cost of roughly 50% to 100% but we will get more transparency
Comments (17)
Proposal Passed
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Aye (16)0.0 DOT
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Nay (105)0.0 DOT
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Comments (17)
I feel that major problem here is a lack of trust that this bounty isn't there just to funnel funds through opaque dealings. If I remember correctly the initial curator set was 8 curators with 50% treshold so I should be able to trust at least 5 curators in the bounty to do their due diligence on my behalf, which has not been the case. Does every curator to have access/overewatch over the agencies analytics data / spendings /dealings?
No from me. At this point, I don't even think there's a comment required to be honest, but in order to keep things constructive:
The returns for these marketing campagins have been nothing less than short of expectations, to say it lightly. Based purely on the performance up until now of this bounty, the conclusion can only be that the curators, the agencies involved or the people running the bounty do not have the skill necessary to effectively deliver an user acquisition marketing campaign. I don't think we need to analyze which entity is at fault for the lack of performance at this moment, but rather simply acknowledge that this has been a poor investment and not fall into sunk cost fallacy mentality.
The Polkadot community as whole should stop funding this. There are other marketing methods available that are more effective, and that are currently in the gov tracker.
I feel that major problem here is a lack of trust that this bounty isn't there just to funnel funds through opaque dealings. If I remember correctly the initial curator set was 8 curators with 50% treshold so I should be able to trust at least 5 curators in the bounty to do their due diligence on my behalf, which has not been the case. Does every curator to have access/overewatch over the agencies analytics data / spendings /dealings?
No from me. At this point, I don't even think there's a comment required to be honest, but in order to keep things constructive:
The returns for these marketing campagins have been nothing less than short of expectations, to say it lightly. Based purely on the performance up until now of this bounty, the conclusion can only be that the curators, the agencies involved or the people running the bounty do not have the skill necessary to effectively deliver an user acquisition marketing campaign. I don't think we need to analyze which entity is at fault for the lack of performance at this moment, but rather simply acknowledge that this has been a poor investment and not fall into sunk cost fallacy mentality.
The Polkadot community as whole should stop funding this. There are other marketing methods available that are more effective, and that are currently in the gov tracker.