Ktena DAO Funding Proposal

Governance DAO Proposals
1

Ktena DAO

[Ktena DAO]

Proposal overview

[Web3 and blockchain have risen sharply in recent months, so much so that the demand for consultants, developers, lawyers, marketing managers, community managers and others is lacking, since meeting the demand for web3 startups is in hype. And covering a heavy online course lasting weeks, without dynamism or gamification, becomes boring and everyday that leaves you wanting to continue studying.

Here Ktena solves the “gamification” issue by creating a web3 and blockchain teaching application for future consultants, and developers, supporting itself from her own DAO (practically in the community). At the same time that the community earns by learning with the Learn to Earn, governance tokens of the same DAO seeking to have its own DEFI protocol to support, maintain and increase the price of the token, if it enters whales, rug pull’s, def

Ktena App is a mobile application that seeks interaction and dynamism with the community when learning this great technological ecosystem.

The product is in documentation state, where the team are planing the route of the first certification. Is living in Harmony blockchchain, the tokens, the DAO, etc. We have not users right now for the reason that we are in documentation state. Ktena needs 10k usd dollars to build the app. We just need the funding to build the app, we got the mobile / blockchain and fullstack developers to build the DAO, the token, and the mobile app.

APPLICATION PERFORMANCE

When entering the application, you will be asked to enter the address of your harmony wallet to store them and then consult them with the smart contract to then provide the rewards. The application will have an outline of 2 main courses, to create consultants and web3 developers. The courses will have levels, streaks and daily challenges, so that the user can get points, or rather, Ktena DAO governance tokens.

Users will receive their tokens in their addresses already entered at the beginning, and will be able to see the “claim” process in the application. When a course is completed, a certificate with ECDSA signature, and an ID in the blockchain will be provided, thus giving the “Ktena encryption certificates” with which they can validate it in the blockchain with the ID or the hash.

As for the governance tokens, they can be exchanged for another token, but, to avoid a deflation of the same token, it will be recommended to enter the protocol of the same token, staking, receiving an APY, collateral loans, and voting for the new updates of the application, and assistance to blockchain and web3 events.

According to the number of tokens owned, the ranking of the users with the most tokens will be registered and displayed in the same application, but to maintain a quadratic vote, the votes will not depend on the number of accumulated tokens, but will only cost a token to vote

Governance and community

We know that governance and community is extremely important for a DAO, therefore, Ktena has carefully studied these issues with organization theory, new public management, public administration and network theory.

Next, he proposes to create the following type of governance: democratic or pluricentric governance. With which he will have a period of 3 months, with quadratic votes to support the community of having linear power or over others.

Ktena DEFI

We know that governance and community is extremely important for a DAO, therefore, Ktena has carefully studied these issues with organization theory, new public management, public administration and network theory.

Next, he proposes to create the following type of governance: democratic or pluricentric governance. With which he will have a period of 3 months, with quadratic votes to support the community of having linear power or over others.

To support the whale-proof governance token and the deflation of it. The control and value of the token was studied financially, for which the following points are proposed:

The sale of the token cannot exceed the amount greater than 10% of the totalSupply in swap.

The acquisition of the token will be only by investment (in any harmony AMM) or by acquiring it according to the rules in the Ktena application.

To support the whale-proof governance token and the deflation of it. The control and value of the token was studied financially, for which the following points are proposed:

The sale of the token cannot exceed the amount greater than 10% of the totalSupply in swap.

The acquisition of the token will be only by investment (in any harmony AMM) or by acquiring it according to the rules in the Ktena application.

The on-chain purchase in an AMM cannot spend more than 3% of the totalSupply.

The token can be used in 1 unit for voting

The token will be able to highlight performance in collateral loans, liquidity ratio, and its staking. So the community will continue to have the power of the community to protect and maintain a healthy price.

Ktena SDK for developers

Create an sdk for developers who want to create mobile blockchain applications capable of maintaining account security, i.e. an sdk in the Ktena documentation to provide and build on harmony with this tool for projects aiming to build blockchain applications.

Budget

Mobile App = 8k usd.
DAO = 1k usd.
SDK = 500 usd.
Website = 500 usd.

Total = 10k USD

External links

Our website is using blockchain tools as DFINITY, IPFS, and hanshake, showing our power to use the last blockhain technologies and apply in the real world.
i.e: https://lingering-block-2473.on.fleek.co/

2 Likes
2

Thanks for your proposal, it has been assigned and the team will review and respond shortly :blue_heart:

1 Like
3

Do you have news about this @Mattyontap?

4

Hello, @RafaBlockDev

I would like to encourage you to visit our DAO Funding Guidelines page and review how we evaluate and fund DAOs.

We break our DAO funding into - at minimum - three “tranches”; Bootstrap, Operational, Expansion. You can read more about it on the guidelines.

For the Bootstrap Grant, The minimal requirements for are:

  1. Mandates: 3 mandates. Specific. Precise. Each mandate to have two sub-clauses to provide further clarification on these mandates. All three mandates and their sub-clauses should fit within a tweet.

    1. EXAMPLES:

      Developer DAO:
      Support -       Resolve daily issues on forums & channels, drive weekly meeting agenda
      Bounties - Prioritize bugs & features with task management & contributor retention
      Advocacy - Hold workshops & events, content marketing with talks & blogs

      Basic DAO:
      Timesheets -       Help contributors track work hours & deliverables in public
      Payroll - Setup paid challenges, wallets, streaming payments & taxes
      Reviews - Follow up performance feedback for bonus or penalty, rage quits, or kicks.

  2. Deliverables: Looking forward for the next 3 months only, identify key deliverables directly tied to the mandates of your DAO that you will be focused on accomplishing. Be specific. Chart, in steps, how you will get from where you start to delivering your goal.

  3. Metrics: Quantifiable and verifiable. List the “stretch goal” metrics that you and your DAO will be using to measure your impact in furthering your mandate. Low bars of success indicate a certain level of disengagement, while high bars and stretch goals indicate confidence in yourself and your community to accomplish that about which you are passionate.

  4. Signatories: List the 9 signatories that will start your DAO. NOTE: As we have said in the DAO Funding Guidelines (Guidelines for Harmony Grants) being a signatory is not about having a part-time job. Think about your three mandates and try to find passionate individuals that have the skillset and expertise to help you accomplish those goals.

  5. Gnosis Safe Multisig Wallet: Establish a multisig wallet that requires 5 out of the 9 signatories to approve the disbursement of funds.

  6. Schedule the Next Election: DAOs are not kingdoms. The initial governors do not rule by divine right, nor are they supposed to be “Signatories-for-Life”. DAOism is about community. About passionate participation in projects. It is vital that we have a regular rotation of community members experiencing the responsibility of managing the DAOs treasury.

I look forward to seeing where your project goes.

5

A quick follow-up @RafaBlockDev

The Harmony DAO Ops team will resume approvals and funding on May, 1st. Thank you for your patience and understanding as we learn best practices and navigate the proposal process. In the meantime, please take a look at the updated DAO Funding Guidelines.

note: this comment is not an approval of the proposal

6

Hello, @RafaBlockDev

Following up on this proposal with another update from Harmony. . .

All approvals and proposals for DAO Bootstrap Funding are still paused. This is a temporary measure. Please do not let this dissuade you and your team from building. Stay tuned for another update regarding DAO Bootstrap Funding :soon:

note: this comment is not an approval of this proposal.

7

Hello, @RafaBlockDev

The Harmony DAO Ops team has decided to decline this proposal.

We have found over the past year of DAO operations that the organizations that don’t start with a large, dedicated community and a goal to fund themselves tend to have very low success rates. They tend to have a hard time recruiting additional community support and tend to bring limited value to the overall Harmony ecosystem.

The bar to receive a DAO bootstrap grant is now higher than it has been historically. In order to receive a bootstrap grant going forward, DAOs will need to evidence a high level of transparent reporting, robust community involvement and a business plan that reflects a commitment to self-funding. Further guidelines are being finalized and should be released in the comming week.

I apologize that this process has been lengthy and drawn-out and I appreciate yours and the DAO’s patience. Harmony and the DAO Ops team wanted to exhaust every option before responding with a declination.

Do not let this dissuade you or your DAOs passion to build on Harmony. Harmony is integrating new tools to help build a robust DAO ecosystem. I’m looking forward to your success.

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