Community Grants pilot: $5000 allocation
With this proposal, we are kicking off a huge governance experiment on Rarible: community grants! As we aim at becoming a fully community-governed NFT marketplace, user participation is vital to align incentives and establish sustainable development. And it has to be rewarded!
This proposal is set to allocate the first two community grants as a pilot, worth a total of $5000.
What are community grants?
Community grants are funds to be allocated to community members that spend their time and efforts doing a particular set of tasks, beneficial to Rarible as a platform, it’s creators and collectors. There are tasks in different categories: research, additional development, marketing, and more. In the nearest future, we plan to establish community grants for all these categories.
What are we voting for?
This voting is set to decide what these funds will be allocated for in the first batch.
We have thoroughly reviewed all the proposals made at gov.rarible.com: there are many exciting & reasonable ideas. Still, more in-depth research has to be done on most of those to form a proposal for the voting.
We suggest 5 options for the first community grant:
- Logarithmic $RARI distribution – research & modeling
Rationale: several proposals have been made on gov.rarible.com regarding alternative $RARI distribution models. To make sure they are sustainable, and figure out the best options for the community and marketplace, we need a designated person or a team to make an in-depth research of the suggested models, do the calculations and simulations. It also includes research on $RARI reward factors.
- Anti-wash trading – tool development
Rationale: with increasing volumes, wash trading gets harder to track manually. We plan to allocate a community grant for developing a tool that will help us identify wash traders automatically.
- Reduced fees in $RARI – research & modeling
Rationale: to make the marketplace experience as friendly and affordable as it can be, we are looking into introducing an alternative option to pay commissions in $RARI instead of ETH, at a lower rate. To implement this, we first need to do research and create mathematical model to find the optimal solution for the marketplace and the community.
- Historical airdrop – collecting data
Rationale: with $RARI token launch, we have conducted an airdrop to all NFT holders out there, regardless of the platform used for purchase. However, not everyone received the airdrop due to information limits and lack of knowledge. We are looking to allocate funds to a person/a team that will help us to identify and collect data about NFT holders that haven’t yet received the aidrop.
- Other
Rationale: if you don’t see a preferred option and want the grant allocated for something else, choose this and proceed to discussion on https://gov.rarible.com/.
Allocation
The 1st place according to the voting will be granted $3000 The 2nd place according to the voting will be granted $2000
What the first community grant should be allocated for?
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x7485...FfF763 | 52,295 | Logarithmic $RARI distribution – research & modeling |
 0xB40A...48B470 | 11,795 | Reduced fees in $RARI – research & modeling |
 0x3110...61d361 | 9,980 | Reduced fees in $RARI – research & modeling |
 0x7535...9AA14c | 9,798 | Anti-wash trading – tool development |
 0x7B15...293497 | 7,000 | Reduced fees in $RARI – research & modeling |
VOTE POWER
Proposal Status
- Wed September 30 2020, 11:00 amVoting Period Starts
- Sun October 04 2020, 11:00 amEnd Voting Period
Current Results
1-Logarithmic $RARI distribution – research & modeling
69,971.042
2-Reduced fees in $RARI – research & modeling
39,442.886
3-Anti-wash trading – tool development
19,465.774