This proposal contains two parts. Part one is to approve funding the Harmony Creative DAO with $50,000 equivalent $ONE tokens for DAO operational expenses.
Part two is to approve funding the Harmony Creative DAO with $25,000 for creative-focused bounties per the DAO’s metrics and deliverables stated in the original Creative Dao funding request: Harmony Protocol Creative DAO Funding Request
Background
The Creative DAO has received $50,000 in initial funding. We have ~$17,000 equivalent $ONE remaining in our multisig wallet as of the time of this posting. We request the next tranche of funding be released to fund continued DAO operations.
One of the Creative DAO’s core functions is to distribute bounties to creatives to support and grow the Harmony community. The Creative DAO has a number of initiatives planned and ready for implementation.
For reference:
Creative DAO Multi-Sig Address: 0x7c81E03cDCF8e0a65613fF856834054C2b7bC563
The motivation for part one of this proposal is to provide the necessary funding for continued DAO operations.
The motivation for part two of this proposal is to allow the Creative DAO to administer a number of bounty programs per our core deliverables. We will implement comprehensive, multimedia, multi-platform marketing campaigns including creator incentive programs, contests and competitions, and community engagement projects.
Specifications
The Creative DAO shall receive $50,000 equivalent $ONE for DAO operational expenses.
The Creative DAO shall receive $25,000 equivalent $ONE for administration of creative-focused bounty programs.
The Creative DAO shall be required to receive community approval via snapshot vote before beginning distributions of the bounty program funding.
Reference
For reference, please find deliverables, metrics and mandates for the Creative DAO below.
Deliverables:
Increase Harmony branding awareness with uniform content across the Harmony ecosystem
Creation of creative content (Infographics, How-to videos, brand stickers, short form writing, long form writing that aligns with Harmony’s branding)
Produce a SWOT analysis identifying Harmony’s position in the market
Generate the first community driven brand guide. Apply to the website and existing collateral.
Deploy $25K for creative-focused bounties.
Produce market segmentation studies identifying communities of potential investors to target with marketing campaigns
Metrics:
2-3 Weekly posts
1 weekly Video
1 weekly infographic
Increase social media following to 2500
Increase Creatives database to advise when bounties go active to 150 creatives, we currently have 47 creatives signed up as potential contributors to the DAO and its bounties
We plan to incentivise influencers reporting on the Harmony Ecosystem with creative drives
Further encourage community involvement with the Creative DAO
Assist core team marketing strategies surrounding roadmap and events
Mandates:
Identity: Drive uniform branding in Harmony ecosystem. Promote cultural values and mission.
Create: Commission content to further awareness and amplify Harmony messages. Educate community through informational content.
Include: Reach for the un-included. Convert the crypto-curious.
Beautiful sunny day where I am at. Hoping it’s nice where you all are as well.
@Sam has recently published a terrific set of guidelines regarding DAO bootstrap funding. Please take a look, if you haven’t already, here.
In order for operational DAO’s to receive additional funding there needs to be reporting and accounting.
Report & Accounting : Prior to ANY additional funding. The DAO must produce a report for the prior funding period. The report will be in .pdf form and be available to download. In the report, they will list the following items:
DAO Mandate
Initial Formation Proposal
Deliverables and Metrics from the initial funding request
Report on the status of the deliverables and the metrics associated.
Accounting of the DAO treasury which must include:
Income
Payments including links to the community vote and how the payment is tied to the DAOs mandate
Current assets on hand (including social channels such as Twitter, Discord, Telegram, etc. If the DAO has created content, list and link to that content)
Current community statistics. Social channels with followers and engagement. Number of Governance Loops completed.
Lessons learned during the prior term. Both positive and negative.
I would recommend the report not only be a post on talk, but also a PDF document that can be linked to the talk post.
Acutely aware of the issues regarding the first funding request for the Creative DAO. This report will expedite the process of additional funding and give us all something tangible.
The bounty request is not needed in the report, as funds for the bounties have not be transferred to the treasury. It would be beneficial to the community to see a plan-of-execution for the bounty funds. Are there already bounties the Creative DAO has in mind to set up? Consider a second proposal for the bounty request with more details surrounding the Creative DAO Bounty program.
Identity: Drive uniform branding in Harmony ecosystem. Promote cultural values and mission.
Create: Commission content to further awareness and amplify Harmony messages. Educate community through informational content.
Include: Reach for the un-included. Convert the crypto-curious.
Initial formation request, written by Mr Sam Harrison
Deliverables and Metrics from the initial funding request
Regarding deliverables and metrics from the initial funding request, unfortunately there was nothing officially set out by Sam when calling for candidates, other than a brief post from a community member Bruno.
Once formalized the DAO set out its deliverables and metrics through its original funding request.
Deliverables:
Increase Harmony branding awareness with uniform content across the Harmony ecosystem
Creation of creative content (Infographics, How-to videos, brand stickers, short form writing, long form writing that aligns with Harmony’s branding)
Produce a SWOT analysis identifying Harmony’s position in the market
Generate the first community driven brand guide. Apply to the website and existing collateral.
Deploy $25K for creative-focused bounties.
Produce market segmentation studies identifying communities of potential investors to target with marketing campaigns
Metrics:
2-3 Weekly posts
1 weekly Video
1 weekly infographic
Increase social media following to 2500
Increase Creatives database to advise when bounties go active to 150 creatives, we currently have 62 creatives signed up as potential contributors to the DAO and its bounties
Incentivise influencers reporting on the Harmony Ecosystem with creative drives
Encourage community involvement with the Creative DAO
Assist core team marketing strategies surrounding roadmap and events
Although some time has passed since formalization, it’s understandable the DAO has had setbacks with motivation and commitment due to the funding bottleneck issues and uncertainty of the DAOs existence. We have been working since January 13th with the full capabilities of the DAO so we are just getting started.
The only payments from the DAO Treasury were set out in the retroactive funding proposal, no other outgoing payments have been made from the DAO treasury.
Understandably the DAO has had no income except the initial funding request, approval and payment however the Creative DAO have some ideas which they want to put to the community regarding creating a sustainable income for the DAO.
The Creative DAO currently operates its primary discord channel on the Harmony Discord server which can be found with the hashtag #Creative-Dao.
We plan to expand on this shortly with a channel on the Creative DAOs organizational server with a channel for contributors.
Creative DAO Telegram:
The Creative DAO has a telegram account but has yet to make full use of this until we can get suitable admin in place and bots to monitor and protect the channel to ensure its safe for users at all times. However for transparency this can be found at Telegram: Contact @HarmonyCreativeDAO
Lessons learned during the prior term. Both positive and negative
As we have only just funded on the 18th of January the Creative DAO governors feel like their term has just officially begun, however the delay did serve as a period in which we could get organized. The main bulk of the DAO infrastructure is now in place so we can get to work with the community. Allowing us to get a good start on gathering creators on our personal database which currently sits at 62, contributors can sign up to the notification program by filling out this form: Contributor Registration Form
We have opened lines of communication with other large groups of creatives who we can inform when the bounty program becomes active with the community’s approval.
We have begun to develop a database of community members who wish to contribute by sharing key content and social posts when notified: Social Sharing Registration
More information regarding the bounty program
Regarding details of the bounty program, we have outlined our intent in the process just started with the Talk post Creative DAO - Creative Bounty Program
We have refrained from creating a comprehensive plan for this until the community is happy that we go ahead with this. We have included this in the current proposal as we do not want the DAO efforts to be crippled with further funding delays but rest assured once community approval has been received we will be ready to actively work on this. So far as stated in the proposal, we plan on creating bounties for multiple social channels including Youtube, Tiktok, Medium, Twitter and Reddit. We also plan to make use of the offer of help and guidance as a possible channel for options when Jackteroo at Harmony offered to hold a meeting with governors to possibly ‘’extend and scale the talent pool by connecting multiple established creative studios to be managed by this DAO’’ something which we are very much looking forward to, once arranged. We are hoping this could possibly tie in with the current proposal.
Current request put forward for the approval of the bounty program, currently on the initial voting process on Talk before potentially being put on Snapshot for official governance: Creative DAO - Creative Bounty Program
We’re reaching out for an update regarding our funding request, as you know we had originally put this request in on the 25th of January, provided all information in a timely manor, yet we have still received no response.
As you know with the formulation of the DAO and the first request for funding being delayed for over two months the Harmony Creative DAO was brought to a standstill and eventually became unoperational due to the treasury being empty along with the demotivation of the team due to the DAOs uncertainty of backing. We had put this funding request in as soon as we received the last bout of funding to ensure we didnt find ourselves in this situation again. However, due to the retroactive payments for the initial 2 months along with this funding request delay, we have found ourselves in this position again.
We have approached the community regarding the $25k Bounty program and received support in favor of going ahead the campaigns, however, we do not currently have the funds to go ahead with this.
We understand that ETH denver is looming, and the team have been busy, however we will soon become unoperational again, to add we also do not have enough funding to pay governors for their work at the end of the month due to the rectro active payments needed due to the previous funding delays.
Please can someone address this as soon as possible.
Thank you for the quick update on your end, and I will make it a point to be as speedy on my end regarding the next fix I need from the Creative DAO.
Let’s dig in.
Accounting
These are considered best practices for Generally Accepted Accounting Principles (GAAP) - each expense should have:
To whom the tx was made (alias is fine)
How much it was
Business purpose of the expense and supporting documentation.
Treasury balance before expense
Treasury balance after the expense.
For context, remember that DAO governance will be handed off to future generations and they will need to understand how DAO governors utilized their treasury.
Reporting
The reporting for the additional funding documents should be systematic and tie directly with existing metrics.
Let’s use a couple metrics as an example:
In the reporting this metric should have 2-3 posts attached to the metric for each week prior to the previous funding approval.
In the reporting, show what the follower count is currently at across social media.
In the reporting, how do you feel you accomplished this metric. Use statistics such as the several votes you’ve organized since the last funding approval.
This is a vital and necessary progression for best DAO practices moving forward. Thank you @HarmonyCreativeDAO for being one of the first DAO’s on Harmony to take this on.
I believe we can conditionally approve this proposal pending these minor updates to the reporting and accounting.
Hi @frwrdslosh, We will work on providing what we can regarding the adjustments requested.
However, due to the delays in funding, the DAO has only been fully operational with all hands committed and on deck for around 20 days so may be lacking in some points.
After the retro active payments the DAO was essentially put back to square one, hence why we had put in another proposal straight after we received the first bout of funding.
Additional payments for Community DAO assistance with DAO set up as external governors, advised to be paid from the Creative DAO treasury here: Funding for Support of Creative DAO Launch
Business purpose of the expense and supporting documentation:
There has been no external expenses except from those mentioned for the setting up of the DAO.
Information for hours work Can be found in publicly shared docs which include clockify PDF’s for the mentioned dates for the team: Payroll to date - Google Drive
Treasury balance before expense & Treasury balance after the expense
The Dao received funding on the 18th of January for the approved 50K.
Payments were made to governors for the retroactive payments to the tune of $13,094 on the 18th of January leaving $36.906
On the 21st of January Community DAO governors were paid for their contributions as mentioned above and were paid in total $1199.90 for their work leaving $35,706.10.
On the 1st of February governors were paid for their work to the tune of $7436.25 leaving $28.269.85
Since then with changes in price action, this has left the Creative DAO treasure with 51,336.3964 Harmony, valued at the time of this post $7,665.50 which is a significant hit for the DAO Treasury. The retroactive payments and price action some of the main reasons why we submitted another funding request 26 days ago, 7 days after receiving funding.
It has been requested that we provide information for each metric prior to our previous voting proposal. I believe this is something we cannot provide.
For your understanding, I would ask you to take a look at the following excel document so you are aware of how much the funding delays had affected the DAO from the period from 28th of November to January 12th, Please scroll from the top of the sheet, and quiet clearly you can see the red highlighted sections of the sheet being more apparent showing governors giving up on work due to lack of support by the foundation as time went on:
With governors being uncertain if the DAO would be officially supported by the foundation and with the funding being delayed 52 days had reduced us from a team of highly motivated and eager governors, coming down to 2 governors clawing to keep the DAO active and operational. Instead of become more efficient and work being ramped up in various areas, it was a debilitating factor for the DAO.
This uncertainty is happening again and we are trying our best to keep the DAO motivated and to continue the work.
We have posted an array of work on this Talk.Harmony post since funding was in place and due to the situation we faced, we believe this should suffice.
Social Media Growth
November
December
January
19 days of February
How have we encouraged involvement with the Creative DAO
We have created a contributor form in which we have already have 69 creators that have signed up to the Dao: Contributor Registration Form
Along with having a community to call upon and notify regarding bounties, this is providing us with vital information about our creators and how they work as seen in some of the data below:
Along with internal contributors we have recently posted to Talk.Harmony and following approval to Snapshot regarding our 25k bounty program which are we are waiting to go live with once funded:
Since being funded the Creative DAO has put out 2 proposals via snapshot which can be found here: Snapshot
The Harmony Creative DAOs community and internal contributors, external groups of creators and social media influencers are about to take part in what we believe will be the single largest marketing drive Harmony Protocol has expirienced to date, focussed on multiple social media outlets and different platforms and through an array of various forms of media through its bounty program. As soon as funding is received, further working groups will be formulated to ensure the bounty program is as effective as possible with its drive on what information is to be covered and effectiveness of the initial media blast regarding the bounties, we will be calling on a members of the core team to ensure we have the full backing of the foundation for extra exposure to ensure maximum effectiveness.
Great to see you guys back on track after all those hurdles. It was very nice to see this story unfold and will continue to follow. Thank you for sharing!!!
Hi, @frwrdslosh and @Sam can we finally have some transparency and information on why this funding request is failing. The only official word I have received is, It’s a ‘reporting issue’.
The most important thing here is that the governors for the next term get to step into an operational DAO and they will need this information to be able to move forward and give them a chance at success.
If we fail them before they even get started it will be devastating. Please push to get the DAO funded for the next term.
Unfortunately there is no longer 9, there is 3 because everyone got fed up of waiting. It killed us, but I will certainly be there and ask @thenursegreg and @Cheeky to be there.
We just wanna get this wrapped up so the next set can start with a fighting chance.
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