Bounty to compensate expert advisors of Phala team(Nov. to Dec.)
Treasury
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Claimed

Context

The Phala core team took a very small (5%) amount of tokens compared to other blockchain projects to be able to distribute more to the community and the miners. By doing this, it was always our vision to use the Treasury to support those most active in making the network a success and compensating for a professional advisor team that helps to develop Phala in many respects. Doing this on-chain maximizes transparency and avoids opaque advisor deals. This proposal is the first attempt to implement such a plan using the Bounty system. Although the Council does have the power to spend Treasury funds, we decided to put this up for a community referendum to avoid any conflict of interest and to get the maximum discussion and buy-in from the Phala stakeholders. That means, we will not use the Council's power to execute this bounty directly but have the public decide on it.

Bounty Proposal: Bounty to compensate expert advisors of the Phala team
Proponent: 3zfavDwAsV83TGCDYko4gs3uYPQq4fuS8mcy5BtFqjzyPes8
Date: 11.11.2021
Requested allocation: 75000 PHA
Proposed Curator reward: 100 PHA

Short description:

This bounty is used to compensate the expert advisors for their work previous to the launch of Khala as well as for ongoing work from Nov to Dec 2021. The expert advisors provided us with their professional opinion, industry experience and guidance for a successful inception of the network. Furthermore, the experts pledge to further help the Phala team in the future. They hold important knowledge in growth management, strategic and economic analysis, technical support and dev education, all important skills for a successful network.

Problem statement:

Different skill sets are required to help the Phala ecosystem. Those are:

  • Growth: Penetrate the European market to raise user awareness and create an active and larger developer community.
  • Research and Analysis: Research and analyze new tokenomics mechanisms that suit the innovative nature of the Phala network. Additionally, the complex nature of the parachain slot auctions require thorough analysis and planning.
  • Technology and Product: Continue to support Phala with new ideas of how to deploy the core technology in user-facing or developer products.

Solutions:

TASK 1: Growth

Mission: Activate the European market and acquire more reputation in Europe for Phala
Person in charge: Zoe
Budget: 25k PHA
TIME: NOV.- DEC.2021

TODO LIST:

  • Follow up promotion of Berchain collaboration & BerChain community expansion & BerChain BlogPost
  • Continue to build a dev community education team, keep reaching out and interviewing candidates.
  • Push Phala PR in German magazines
  • Minerva University students Visit at WeWork Berlin to learn about Phala Network
  • Follow up European Blockchain Convention
  • Conduct 2021 Phala Berlin meetup:
  • https://www.meetup.com/Polkadot-Berlin/events/281710295/

TASK 2: Dev support

Mission: Give tech support to team and help to build technical community
Person in charge: Joe
Budget: 25k PHA
TIME: NOV.- DEC.2021

TODO LIST:

  • Give suggestions for building a dev community.
  • Assist technical team to optimize the mining system.
  • Assist technical team to solve any problems encountered on-chain.

TASK 3: Research and Analysis

Mission: Completion of related research on the Phala project
Person in charge: Jonas
Budget: 25k PHA
TIME: NOV.- DEC.2021

TODO LIST:

  • Will work on an improvement and updated version on the tokenomics of Phala to solve challenges that are imposed by the innovative technology.
  • Analyzing and optimizing the strategy for the upcoming Polkadot slot auctions and guiding the future actions to acquire a slot on Polkadot.
  • Continue the work on the Phala thought leader tournament.
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Metadata
proposer
value
75000 PHA
fee
100 PHA
curatorDeposit
50 PHA
bond
1.64 PHA
status
pendingPayout
TimelineLatest activity undefined
2021-11-29 09:13:24
Propose Bounty
value
75000 PHA
description
Bounty to compensate expert advisors of Phala team(Nov. to Dec.)
2021-11-29 12:48:24
approveBounty
3/3
Aye(3)
Nay(0)
2021-11-29 12:50:00
Vote
2021-11-29 13:05:36
Vote
2021-11-29 14:33:54
Vote
2021-11-29 14:34:30
Closed
2021-11-29 14:34:30
Approved
2021-11-29 14:34:30
Executed
Result
Succeed
2021-11-30 20:45:00
BountyBecameActive
bountyIndex
3
2021-12-01 07:53:36
proposeCurator
bountyIndex
3
3/3
Aye(3)
Nay(0)
2021-12-01 07:59:18
Vote
2021-12-01 08:03:42
Vote
2021-12-01 09:12:24
Vote
2021-12-01 09:12:37
Closed
2021-12-01 09:12:37
Approved
2021-12-01 09:12:37
Executed
Result
Succeed
2021-12-01 09:13:30
acceptCurator
2021-12-01 09:16:12
BountyAwarded
Beneficiary
2021-12-03 08:13:18
BountyClaimed
Beneficiary
Payout
74900 PHA
Comments
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