Request to Meet Minimum Operational Expenses
Intro:
It’s time for the Ambassador DAO to request an additional round of funding. However, we’re aware that there are changes on the horizon for DAO funding. That being said, the Ambassador DAO would like to request for one month instead of a full second round of funding to ensure that:
a. We cover backpay owed to our signatories
b. We cover costs for events already planned for May
c. We cover costs for shipping merch
The Ambassador DAO wishes to maintain momentum while continuing to grow our Harmony community around the world. We have calculated the minimum amount of operational expenses that we would need to finish out the month.
ADAO One Month Funding
May events : $30,000
- We aim to host 15 events for the month of May. $30,000 would give us enough wiggle room to host the maximum number of events at the maximum amount of $2000 per event. As usual, these events educate local community members about Harmony and its ecosystem.
May Signatory Hours : $12,000
- 10 hours a week per each signatory
- This includes the 3 meetup signatories + Shawn for accounting
- 40 hour total at $75/hour = $12,000
April Signatory hours : $15,000
- $15,000 to cover 200 hours outstanding signatory pay
Shipping Merch : $1000
- $1,000 - Shipping costs
Minimum Operation Expenses = $58,000
Additionally: We will return all excess funds if not used.
ADAO Event Documentation Photos, Videos, Social Media Posts:
Cost Effectiveness:
We have been cost effective with our events, and have exceeded our original deliverables as a DAO.
- Our original goal was 14 events in months 1 & 2. We ended up holding 27 events in months 1, 2, & 3.
- We are halfway through months 3 & 4, have been able to run off the budget for months 1 & 2.
The Ambassador DAO meet up section has exceeded goals set by the ADAO funding proposal and done so in a cost efficient manner. Our governors and ambassadors worked tirelessly to host 27 events in three months. Additionally, as a DAO we have minimized expenses, paying out $30,042.66 for meet-up events, ambassador pay, and governor pay.
Event Statistics:
Click Here for Detailed Event Statistics
| Monthly Trends | Events Held | Attendees | Cost | Cost/Attendee | Max Possible Cost | Margin Below Budget |
|---|---|---|---|---|---|---|
| February | 2 | 35 | $1,510.91 | $43.17 | $4,000.00 | 62.23% |
| March | 10 | 176 | $11,309.91 | $64.26 | $20,000.00 | 43.45% |
| April | 15 | 346 | $17,221.84 | $49.77 | $30,000.00 | 42.59% |
Event Payments and Receipts:
Governor Pay:
| Recipient | Billed Hours | Amount Paid (ONE) | USD Value |
|---|---|---|---|
| Devin | 9.18 | 3073.595263 | 688.5 |
| Rachel | 273.84 | 148133.6995 | 20538 |
| Svaran | 30.45 | 10195.0954 | 2283.75 |
| Miguel | 26.25 | 14032.43051 | 1968.75 |
| Stephanie (unpaid) | 24.92 | 0 | 0 |
View full time cards here:
Stephanie - ADAO Timesheets - Google Sheets
Svaran (retired) - https://docs.google.com/spreadsheets/d/1X8v8SsWLETUY7KMbHInfkKAjP5cyPwc4ksdjf4kA3to/edit#gid=922076383
Devin (retired) - https://docs.google.com/spreadsheets/d/1X8v8SsWLETUY7KMbHInfkKAjP5cyPwc4ksdjf4kA3to/edit#gid=198744667
Highlights:
Hype TV - Harmony Ambassador DAO - YouTube
