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Beneficiary:(330K USDC)(330K USDC)
Requested:660K USDC
Rejected
Untitled Post
2 months ago
This is a ReferendumV2 post. It can only be edited by the proposer of the post .
Comments (10)
Confirmation Period
3
of 3Decision Period
28 / 28 days
Confirmation Period
0 / 7 days
Summary
0%
Aye
0%
Nay
Aye (22)0.0 DOT
Support0.0 DOT
Nay (47)0.0 DOT
Voting Data
Approval%
Support%
Threshold0.00%
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PolkaWorld voted NAY
Unanimous opposition.
It’s the same recurring concern — the Treasury is once again acting like an investor, but without receiving any return. The team clearly stated in the proposal that they won’t issue a token, nor did they mention any potential future business model.
Yet, this project is not a public good. Treasury funds are being used, but the project itself doesn’t belong to the Polkadot DAO. Overall, the project structure feels a bit messy.
This is a startup project and would be more suitable for VC funding. We suggest trying to raise investment from firms like HIC.
We recommend clarifying these issues before applying for Treasury funding again.
Read all feedback here.
OG Tracker Rating 3/3
Clear display of deliverables✅
Clear display of a valid direct point of contact ✅
Clear display of proposal’s duration✅
OGT Rating aims to help voters make better informed decisions and direct proposers towards certain common-good practices. We are providing feedback based on 3 simple yet crucial criteria which we believe should be included in every OpenGov referenda.