DED Bounties
&nbsp;
Objective: To create a system that encourages community engagement and growth through a bounty reward system. Inspired by the old western bounty system and the already established polkadot bounty system, clients offer rewards, and hunters complete tasks to claim these rewards, paid in DED token. DED will become a reward token for community contributions that will foster a feeling of appreciation and ownership through participation.
&nbsp;
Value Proposition
DED Bounties will provide a much-needed utility for the DED token, addressing its initial negative reception. By allowing community members to earn more DED through active participation rather than purchasing, we aim to grow interest and engagement within the community. This system will leverage the fact that everyone received DED and give them an opportunity to grow their holdings of that token - just because it&rsquo;s easy and fun. Additionally, it incentivizes community-driven actions, fostering a more vibrant ecosystem supported by members who use their voices, likes, comments, their memes, their time and attention. These are not people who can contribute to conversation about smart contracts or analyzing cryptographic hashes but they are still important.
&nbsp;
Goals and Milestones
Short-term Goals (0-3 months):
<ul>
<li>Develop and Launch Website: Create an accessible online entry-point for DED Bounties.
<ul>
<li>Milestone: Launch a functional website within the first month.</li>
</ul>
</li>
<li>Improve websites DA:
<ul>
<li>Milestone: Increasing Domain authority</li>
</ul>
</li>
<li>Initial Bounty Listings: Attract at least 4 clients to post bounties on the platform.
<ul>
<li>Milestone: Achieve this within the first 2 months.</li>
<li>Milestone: 10 bounty clients within 3 months.</li>
<li>Milestone: Use a bounty to boost a post with likes and comments</li>
<li>Milestone: Use a bounty to get referral clients</li>
</ul>
</li>
<li>Community Onboarding: Register at least 50 active members participating as bounty hunters.
<ul>
<li>Milestone: Reach this target within three months.</li>
</ul>
</li>
</ul>
&nbsp;
Medium-term Goals (3-6 months):
<ul>
<li>Increase Bounty Variety: Aim to have a diverse range of bounties to cater to different interests and skills within the community.
<ul>
<li>Milestone: Ensure at least 20 active bounties at any given time.</li>
<li>Milestone: 25% of bounties made by clients</li>
</ul>
</li>
<li>Expand Membership: Grow the active user base to 100 members.
<ul>
<li>Milestone: Achieve this by the end of six months.</li>
</ul>
</li>
<li>Produce Content: Have creators publish media mentioning DED
<ul>
<li>Milestone: Use a bounty to request video creation</li>
<li>Milestone: Use a bounty to create competitive memes</li>
</ul>
</li>
<li>Enhance Community Engagement: Achieve a consistent increase in recurring website visits and active participation in bounties.
<ul>
<li>Milestone: Track and report monthly engagement metrics.</li>
<li>Milestone: Month over month increase in traffic</li>
</ul>
</li>
</ul>
&nbsp;
Budget Breakdown
<table style="border-collapse: collapse; width: 100%;" border="1">
<tbody>
<tr>
<td style="width: 48.2542%;">Software Subscriptions</td>
<td style="width: 48.2542%;">7.53 DOT per month
<ul>
<li>Total for 6 months: 45.18 DOT</li>
</ul>
</td>
</tr>
<tr>
<td style="width: 48.2542%;">Website Registration and Setup</td>
<td style="width: 48.2542%;">
90 DOT
<ul>
<li>Domain and SSL certificate</li>
</ul>
</td>
</tr>
<tr>
<td style="width: 48.2542%;">&nbsp;CPC Ads</td>
<td style="width: 48.2542%;">
15.07 DOT per week
<ul>
<li>Total for 6 months: 391.82 DOT</li>
</ul>
</td>
</tr>
<tr>
<td style="width: 48.2542%;">&nbsp;Incentives and Payouts</td>
<td style="width: 48.2542%;">
15.07 DOT per week
<ul>
<li>Total for 6 months: 391.82 DOT</li>
</ul>
</td>
</tr>
<tr>
<td style="width: 48.2542%;">Project Management and Development Time</td>
<td style="width: 48.2542%;">2081.18 DOT</td>
</tr>
<tr>
<td style="width: 48.2542%;">Total Request</td>
<td style="width: 48.2542%;">&nbsp;3000 DOT</td>
</tr>
</tbody>
</table>
&nbsp;
Current Team: John Mullowney (John of the priests)
Experienced in front end web development, digital marketing, held a PR position, customer service, graphic design, programming (JS, python). Holds certification in digital analytics and has a background in market copywriting and advertising. Although not an expert in anything - the range of skills means they are able to carry the project until there is interest in joining.
&nbsp;
Impact on the Community
DED Bounties will restore the reputation of the DED by aligning with its original slogan: "for the community by the community". This project aims to create a community that supports each other in a creative way and DED will act as a unit of exchange for that support. By showcasing the utility and engagement potential of the DED token, we hope to draw wider attention and participation in the Polkadot ecosystem.
&nbsp;
Risk Management
The ability to earn even tiny amounts has the potential to attract the wrong crowd so there will need to be measures in place to narrow down interested parties with a heavy emphasis on the polkadot fanbase.
<ol>
<li>Token Dumping: Implement a payout structure with a weekly release to discourage immediate selling. Payouts made during the week for the previous week will encourage continuous participation with the hope to increase the upcoming payout.</li>
<li>Lack of Interest: Introduce daily participation incentives and marketing campaigns to attract users. Ex. 10 DED per day for logging in.</li>
<li>Scams and Fraud: By using bounties to identify and report scams we encourage members to recognise a scam and reap a reward for taking action against it. Establishing a reputable website with high domain authority, and ensuring transparent operations as well as addressing concerns in a timely manner.</li>
<li>Spam: Require usernames associated with addressed to prevent spam</li>
</ol>
&nbsp;
Community Engagement
<ul>
<li>Utilize Telegram, Reddit, and email newsletters to keep the community informed and engaged.</li>
<li>Maintain transparency through blockchain transaction tracking and public spreadsheets for payouts.</li>
<li>Encourage community feedback and suggestions to continuously improve the platform.</li>
</ul>
&nbsp;
Metrics for Success (KPIs)
<ol>
<li>Registered Clients and Bounty Hunters</li>
<li>Recurring Website Visits</li>
<li>Number of Bounties Created and Completed</li>
<li>Engagement on Social Channels (Reddit, Telegram)</li>
<li>Overall Growth in Community Participation and Sentiment</li>
</ol>

<img src="https://i.ibb.co/44Td7C2/DED-bounty-poster-20240513104633.jpg" alt="Example of DED bounties" width="640" height="717" />
I write this with a vision, a vision of transformation, and a vision of uniting the Polkadot community. I acknowledge the shortfalls of DED, but I refuse to let negativity drown our potential. Instead, I see an opportunity&mdash;a possibility to rise above the chaos.
DED, the meme coin that sparked controversy, now holds within it the seeds of change. It can be more than just a token; it can be a call to action for our community. Let me paint you a picture of what could be.
Imagine a community vibrant with activity, where memes and jokes break through the brick wall of technical jargon around the Polkadot ecosystem. DED doesn't have to be just another shitcoin; it can be a symbol of our creativity, our resilience, and our unity. With DED, we can create a new channel for people to become a part of the Polkadot ecosystem.
Let's embrace our unique identity. Polkadot was once dubbed the Ethereum killer, and DED carried the torch with #DOTisDED. Now, let's take it a step further. Let's make DED the MEMEcoin killer. Picture it: PEPEisDED, INUisDED, DOGEisDED&mdash;the point is the possibilities are endless.
But this vision can only become a reality if we breathe life into DED. We all hold DED tokens, a reminder that we should all be a part of this mission. We can use that to jumpstart the system, and sustained activity will undoubtedly attract new users who will need to buy DOT to get DED.
Moreover, we need to shift the conversation from price to utility. DED shouldn't be kept for its price&mdash;unless we do something now to reignite the token. The bad press it received has written "scam" across the web&mdash;some tokens never recover from such a bad reception. Instead, let's make it about action. Use DED bounties to incentivize positive behavior, to fight off scammers, and to reward those who contribute to our growth.
Together, we can create a circular economy for DED where scammers are met with DED hunters taking action against them, and where relationships are strengthened as a community through shared interests. I've spoken with many people who say we need "marketing," but I think there's enough "marketing" going on&mdash;we need a campaign that drives daily discussion. With community-led bounties, we'll have clients offering rewards and hunters taking action in mass.
After this discussion, I intend to make a proposal that will provide me with help to get this idea off the ground and onto the web. With appropriate resources, web applications can be built to make it an automated, user-friendly, and secure system. Please consider how desperately Polkadot needs another basket to put some eggs in, dedicated to strengthening community engagement. Let me know your thoughts and feel free to ask any questions.
Thank you for reading if you got this far.

Uniting the Community: Igniting Change with DED's Bounty System

General

- **Problem Statement:** Create a system to boost community engagement and growth through a bounty reward system using DED tokens.
- **Significance:** Enhancing the utility of DED tokens, fostering community involvement, and attracting interest in the Polkadot ecosystem.
- **Proposed Solution:** Implement DED Bounties to reward community contributions and encourage active participation.
- **Expected Outcomes:** Increased interest in DED, a vibrant community ecosystem, and wider participation in the Polkadot network.

#788 Proposal for DED Bounties: Revitalizing Community Engagement

No Active Proposals