Further funding for Proof of Chaos

Dear community,

The Proof of Chaos (formerly Governance Participation Rewards) project incentivises voting to decentralise Kusama. We reward referenda voters with NFTs and build out tools to increase governance participation. Our website

Thank you for supporting the project thus far!

We would like to give you an update on what we have been up to over the past 3.5 months and hope to be granted additional funds for continued development of tools that improve voter participation and make the project more fun, fair and engaging.

To achieve this goal we would like to onboard two great developers (niftesty on frontend / next.js & Thomas on backend work) for fixed term contributions: 40h/month. They have built our current website and their focus will be to build it out further. I (Gabriel) will be scaling back a bit on the development side and focusing on operations a.k.a. the rewards themselves. My mission specifically will be to make the rewards more engaging and work on utility use cases.

With a focus on increasing the value of our collection(s) we aim to boost our revenues and get to a self-sustaining level faster. We are also working on more revenue streams to ensure more predictable and constant income.

A large chunk of the funds is for past project management expenses that we have not been able to cover with our revenues. While I (Gabriel) always ensure that we have enough funds to pay everyone else involved with the project, I made the deliberate decision from the start to align my interests with that of the project: meaning I should only be rewarded if the project is successful.

Rather than asking for payment upfront, I do the work first and only ask the treasury to help out when our revenues fall short. Through this structure I of course take the risk of the community not deeming the project worthy of additional funds and thus I am incentivized to ensure that the project continues to perform well. At the same time the community only pays for what they get. For transparency I would like to highlight that I have increased the hourly rate to 80 USD (up from 70 last time). This is the rate that the other developers involved with the project are also charging and thus I hope you find the change appropriate.

Kindly take a look at the proposal and what we are looking to build with the extra funding. We appreciate any and all feedback.