Hi Richard
From what I understand, the proposers would still need to deposit fx to get the funding. Hoped the committee would make the final decision but I do understand the need for it.
Just my thoughts:
FOR ON-CHAIN PROJECTS ONLY
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Instead of losing their deposit, why don’t we lock up the deposited fx for a certain time period if the proposal fails
– i.e. if deposit was 10,000 fx, the proposer loses 10% (1000 fx) and 90% (9000 fx) gets locked. -
Locked deposit would be released after 6-9 months in stages. Lets say, 50% on month 6 and the rest on month 9.
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While locked, fx will be delegated to a company validator and the rewards would be used to replenish EGF/CSP/OTHERS.
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If my calculations are correct, the rejected proposal would generate approximately [(4x180)+(4x270)] at current rate which is 1800 fx. Add to that another 1000 fx from lost deposit which would provide a total of 2800 fx into the pool.
– I was hoping if the team would set up a centralized marketing committee/team dedicated for reddit/fb/twitter/youtube ads.
– They could use these funds to boost posts from the community [like this one: (f(x)Variable Video!)] and create interest. With the funding, it can reach 10-100x more people.
– The community could vote on the forum every quarter to decide which platforms the marketing team/committee would mainly focus on with regards to these funds. -
The reason behind locking up fx and not taking all of it from the proposer would be to encourage more participation while also ensuring that penalties are in place to filter out lowest quality proposals.