2st Draft - S7 Thrivecoin Workstream Funding Proposal
Sections highlighted in yellow will be removed before posting the final draft
Funding Template Outline
Project Champion: Above Average Joe#5427
Squad: Shepherd#4795, Ernest_of_gaia#4762
Authors: Above Average Joe
Editors: Ernest of Gaia
Purpose: This is a seed funding proposal for the Thrivecoin Workstream to accelerate the adoption of Thrivecoin Rewards. Thrivecoin is an external test net token that allows the DAO to engage fans, attract contributors, and build a sense of community. Many of the things that the DAO’s early adoption of coordinape was meant to do.
Affiliation: Operations Dept. (impacts all organizational units syndicated by the DAO)
Date created: 1/10/2023
Date posted: 1/31/2023
Funds requested: 250k BANK Total
Project wallet(s): 0xFE9D433a78c2F9228c91666770174145b7e1E2DD
bDAO Discord Channel: “#Thrivecoin” channel and associated threads in the Operations Department
Table of Contents
- PROJECT TEASER
- SUMMARY
- RETROSPECTIVE
- FINANCIAL IMPLICATIONS
- SEASONAL KPI
- COMMITMENTS
- BRANDING
- FURTHER PROJECT CHANNELS
PROJECT TEASER
Thrivecoin is an external, currently test net token, that allows the DAO to engage fans, attract contributors, and build a sense of community. Accumulating Thrivecoin Rewards gives members a chance each season to win NFTs from DAO partners and frenz.
The seed funding proposed will allow for the basic operational expenses that we will incur to manage the workstream and set up Prize Pools which will begin to fund the project after the first season.
SUMMARY
Project Description
The Thrivecoin Workstream is for maintaining and administering Thrivecoin Seasonal Rounds. The Seasonal Rounds allows the DAO to leveraging engagement with the Rewards Program to promote revenue generating and community building activity within all DAO sectors.
We intend to fund the workstream from the partnerships that supply rewards to the Program. Within 2 seasons (7 & 8), we aim to be self sustaining and even return a revenue stream to the DAO.
Past Activities
Season 5 Testing the idea and buidling a daolationship with Thrivecoin
Season 6 Broadening of implementation, integration with DAO units, and the evaluation of impact have been this season’s successes.
Now it is time to plant the seed for the Prize Pool Tree and take full responsibility for growing our sense of community through consumer based and work related token holder activities.
RETROSPECTIVE
There is a budget for retrospectives included in this funding ask which was started on January 25th.
Trying to finish before the end of the season with scottakesover as Facilitator.
Evaluation Metrics for each Contribution
FINANCIAL IMPLICATIONS
Project Breakdown
250,000 BANK total seed funding
50K planned for:
- administration
- retrospectives
- ad hoc operational expenses
- graphics and design
200k will be used to build partnerships and acquire Prize Pool Rewards in excess of the value of the 200K BANK in USD terms.
Any workstream surplus will be rolled into this prize pool.
Weekly Workstream Activity:
Compensation Breakdown
Earmarked workstream compensation will be distributed internally among those who are role holders based on criteria established by those who collectively hold Workstream roles.
Administration
- 35-41k All workstream administrative tasks will divide among this share.
- We are tracking Titles of tasks, status, tags, types, POCs, priority and estimated hours in order to be able to assess how best any incentives may be distributed for workstream activity!!
- Some tasks include: Prize acquisition, Raffle administration, Contribution type maintenance and evaluations, Working with the Education Department to develop educational material and sessions.
- Weekly community call updates,
Retrospectives
XX BANK for Retrospective Evaluation (PMGuild 6k for 90 mins of eval)
ad hoc & operational expenses
3,000 graphics and design
Revenue Model
for Consulting, Training, & Assisting Projects with platforms like Thrivecoin and Juicebox will return revenue back to the workstream and DAO.
- Consulting, Training, & Assisting Projects through exploratory testing to help DAO units capture value through gamification of social activities.
40% of the Prize Pool Rewards go back to the workstream for compensation of work.
- 20% goes towards tooling
- 20% goes towards contributor work
Success Milestones:
🪨 Synchronizing with DAO focal points to promote wider DAO target reaching activity in tune with broader member interests
🪨 Corruption/gaming monitoring
🪨 Metric development
Metrics will be based on analytics around the first two seasons
(Revenue brought in via rewarded methods, etc)
Road Map
🛣️🗺️ DAO Thrives - Raffles - ETHDenver - Education - DAO Thrives 🗺️🛣️
SEASONAL KPIs
| Factor | KPI | Success Metric |
| the daos overall growth and degrowth | # of contributors active in a season | Season over season growth, to match developing success milestones |
| the daos overall growth and degrowth | # of contributions completed | Season over season growth, to match developing success milestones |
| # of partners | Prize pool size | Season over season growth, to match developing success milestones |
| # of partners | Reduction in DAO Treasury Dependency | first target is full community sustainability and deprecation of thrivecoin workstream funding. |
image version of table
The Thrivecoin NFT Prizes reduce the amount of BANK that has historically been used to drive most of the consumer behaviour of token holders that token holders built a sense of community around.
Any form of BANK utility that gets developed by a project can become a use case that is rewarded through the Thrivecoin Prize Pool. We increase the chances to get raffle tickets based on those activities that bring the most value back to the DAO.
This provides enhanced utility and incentives for any project that is developing utility for the bank token or that wishes incentivize work or public good contributions.
BRANDING Agreement
BanklessDAO Thrivecoin Community Page
BanklessDAO Thrivecoin Prize Pool Page
We request the right to use BanklessDAO graphical assets for IRL events and promotions for which bDAO is a part of and offering Thrivecoin rewards for attending or participating in.
FURTHER PROJECT CHANNELS
(where applicable)
- Project Notion Page
- Roadmap
- Road Map
🛣️🗺️ DAO Thrives - Raffles - ETHDenver - Education - DAO Thrives 🗺️🛣️
- Website
- Socials
- Community Call