# Pledging to allocate 1% of Treasury Spending to Social Good Projects. ## Addressing recent concerns about the treasury's spending practices, this proposal aims to allocate 1% of the Polkadot Treasury funds for social good projects to enhance the ecosystem's positive impact. This initiative seeks to demonstrate a commitment to social responsibility as part of Polkadot's financial governance. ## What does this mean? Voting in support of a 1% treasury pledge will not only set precedent for Polkadot, but also encourage more diverse and innovative ecosystem projects. These initiatives will encourage mass adoption of Polkadot. ## How can this be facilitated? **Phase 1 - Formation Period:** Establish criteria and guidelines for social good projects. Identify potential projects and stakeholders. **Phase 2 - Allocation and Oversight:** Form a dedicated collective to oversee the allocation of funds. Ensure regular reporting and evaluation of the impact of funded projects. One way this can be facilitated is through the Polkadot Social Good Builders community ([polkadot.giving](https://polkadot.giving)). We have opened this community for anyone who would like to contribute and support social good initiatives within the Polkadot ecosystem. Another possibility would be to form an on-chain collective similar to the Fellowship or the proposed [Tooling Collective](https://polkadot.subsquare.io/referenda/932). **Phase 3 - Review and Adjustment:** Continuously monitor and review the effectiveness of the initiative by setting up a data dashboard to track social good spending from the treasury. ## Criteria for Social Good Projects * Must have a clear and measurable positive impact on society. * Should align with the broader goals and values of the Polkadot ecosystem. * Must be transparent and open to community feedback and evaluation. ## How does this benefit Polkadot? **User acquisition:** Open Polkadot to new users, organisations and initiatives. **Ecosystem Support:** Support projects that contribute positively to society. **Transparency and Accountability:** Establish clear guidelines and oversight for the allocation of funds to social good projects. ## TL:DR **Dedicating 1% of the Polkadot Treasury to social good projects is a strategic initiative to address recent concerns about fund allocation and demonstrate a commitment to social responsibility.** **This proposal not only aims to improve the public perception of the Polkadot ecosystem but also to create tangible benefits for society. By adopting this initiative, Polkadot will set a precedent for other blockchain projects, showcasing a balanced approach to innovation and social impact.** ## Addressing recent concerns about the treasury's spending practices, this proposal aims to allocate 1% of the Polkadot Treasury funds for social good projects to enhance the ecosystem's positive impact. This initiative seeks to demonstrate a commitment to social responsibility as part of Polkadot's financial governance. ## What does this mean? Voting in support of a 1% treasury pledge will not only set precedent for Polkadot, but also encourage more diverse and innovative ecosystem projects. These initiatives will encourage mass adoption of Polkadot. ## How can this be facilitated? **Phase 1 - Formation Period:** Establish criteria and guidelines for social good projects. Identify potential projects and stakeholders. **Phase 2 - Allocation and Oversight:** Form a dedicated collective to oversee the allocation of funds. Ensure regular reporting and evaluation of the impact of funded projects. One way this can be facilitated is through the Polkadot Social Good Builders community ([polkadot.giving](https://polkadot.giving)). We have opened this community for anyone who would like to contribute and support social good initiatives within the Polkadot ecosystem. Another possibility would be to form an on-chain collective similar to the Fellowship or the proposed [Tooling Collective](https://polkadot.subsquare.io/referenda/932). **Phase 3 - Review and Adjustment:** Continuously monitor and review the effectiveness of the initiative by setting up a data dashboard to track social good spending from the treasury. ## Criteria for Social Good Projects * Must have a clear and measurable positive impact on society. * Should align with the broader goals and values of the Polkadot ecosystem. * Must be transparent and open to community feedback and evaluation. ## How does this benefit Polkadot? **User acquisition:** Open Polkadot to new users, organisations and initiatives. **Ecosystem Support:** Support projects that contribute positively to society. **Transparency and Accountability:** Establish clear guidelines and oversight for the allocation of funds to social good projects. ## TL:DR **Dedicating 1% of the Polkadot Treasury to social good projects is a strategic initiative to address recent concerns about fund allocation and demonstrate a commitment to social responsibility.** **This proposal not only aims to improve the public perception of the Polkadot ecosystem but also to create tangible benefits for society. By adopting this initiative, Polkadot will set a precedent for other blockchain projects, showcasing a balanced approach to innovation and social impact.**