This proposal aims to secure funding from the treasury to support community activities during the fourth quarter of 2023. The requested budget is 15,000 $GAL tokens and is intended to stimulate, involve, and expand our community, foster growth in strategic areas for Galxe, and encourage active participation in Galxe events.
Motivation
The Galxe community plays a crucial role in the success of our protocol. We are committed to ensuring that our community remains active, and engaged, and continues to grow. To achieve this, we seek to provide incentives for participation in various community events, including global and localized events, educational initiatives, and more. This funding will enable us to sustain and enhance these events.
Specification
Overview
The proposed funding will be designated for the activation, engagement, and expansion of our community, with a specific focus on promoting Galxe’s growth in key areas and increasing its visibility worldwide. These events will primarily center around global community gatherings and regional event participation.
Scope
This proposal encompasses all community events and initiatives scheduled for the fourth quarter of 2023. The allocated funds will cover the costs of prizes and rewards for these events. It is important to note that this proposal does not encompass Galxe’s operational expenses. Any unutilized funds from this period will be earmarked as rewards for future events and programs.
Success Criteria
The success of this proposal will be gauged based on the following criteria:
Increased engagement and participation in the Global Community Events.
Increased engagement on Galxe’s Localized Events.
Increased participation in Educational Events.
Timeline/Budget
The anticipated budget for this proposal is 15,000 $GAL tokens. Detailed timelines and event-specific information will be provided in separate event announcements.
While the initiative to fund community events is commendable, there are areas within the proposal that could benefit from further clarification and logical structuring:
Metrics for Success: The proposal outlines increased engagement and participation as metrics for success. However, it lacks specific, measurable targets. How much increase constitutes success? Without quantitative goals, assessing the proposal’s effectiveness is challenging.
Budget Justification: The request for $15,000 GAL tokens is substantial, yet the proposal does not provide a detailed breakdown of how the funds will be allocated. A more detailed budget would enable stakeholders to understand the allocation of funds towards specific activities.
Risk Assessment: There is no mention of potential risks or mitigation strategies. Addressing potential challenges and having contingency plans is crucial for a robust proposal.
Unutilized Funds: The proposal states that any unutilized funds will be earmarked for future events, which is vague. A more logical approach would be to specify a process for reallocating unutilized funds to ensure transparency and accountability.
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