Set up a Community Growth Fund to be used by various contributors and allocate INST tokens to this fund.
This proposal is submitted for the creation of a ‘Instadapp Community Growth Fund.’
This fund is to be shared among community members who make contributions to the community including one-time bounties.
A contribution can be providing support, creating media, text or anything that helps propel forward the Instadapp Community. The fund can be used to help compensate community members who make on-going contributions through support or moderation as well as others who may provide a one time contribution like providing translation work.
The fund would allocate 10,000 INST/monthly for one year to be shared between the contributor group. Any unallocated INST is maintained in the Growth Fund for future members or bounties, or to adjust the distribution to market prices.
The community is open to create and allocate the funding for additional roles, or for one-off projects that benefit the community and require funding. If you would like to contribute via support or other work post on the forum and get recognized for the work you are contributing and ask the community to be included in the following allocation. Currently, we can find consensus in the forum and on Discord to who will receive funding each month. This distribution can be managed by the team to start, but should be managed by the community in the future.
The community should continue to have discussions around this fund and its uses. This is an initial structure and the community should modify or change this as necessary. (i.e update the distributions or request more funds from the DAO, utilize other distributions methods, etc)
These proposals utilize the Instadapp protocol’s community funding and begin allocating resources for continued protocol growth.
1- Creates an Instadapp Community Growth Fund to be allocated and utilized by the community. This allocates 120,000 INST for the following year with 10,000 INST to be distributed monthly.
Let’s discuss continue this discussion on the forum and on Discord. We can create the initial contributor group and find some agreement on how we would distribute this. We can make any changes to the proposal and then submit a Snapshot vote to finalize and create this fund.