ℹ️ This is the context of the proposal. As the first treasury proposal from a DAO there's still no support for editing the post. Also the identity of Kreivo DAOs cannot be verified by current registars.

Revitalizing Kusama

Funding the Virto DAO in Q3 and Q4

Virto presents a strategy to revitalize Kusama, transforming it from a perceived "chaotic testnet" into a thriving ecosystem for innovative Web3 projects that can easily go from idea to scalable organization in minutes.

Continuing the successful focused strategy of Q2, we present two key milestones to continue building the KSM-centric Kreivo infrastructure and accompanying platform and tools to be completed by the end of each 2024 quarter:

• Q3: A beautifully simple platform for organizations management and governance. Most early-stage start-ups and real world businesses will find most tool they need to manage their organization, make decentralized decisions, receive payments and create market places - all without worrying about wallets or fees.

• Q4: Extensibility and tailoring for an organization's special needs. To get that crucial 20% extra missing from the base infrastructure, we will provide customization options, enabling businesses to add their unique "secret sauce". This includes adding custom sections to their organization page, a SDK that can be integrated in 3rd-party apps, smart contracts, off-chain plugins and a prototype system to effortlessly scale an organization to a dedicated Kusama core for increased throughput.

These milestones aim to lower entry barriers and position Kusama as the go-to network for rapid Web3 innovation. Our proposal details how we'll address current challenges and make Kusama an ideal platform for early-stage projects to tailor their environments and achieve sustainable growth.

Full proposal document

Notes

• Requested amount: 8,500 KSM (each quarter). KSM comes from the idle treasury funds in the Kusama AssetHub. Q4 funds are set to be available form 01/10/2024, so the community can cancel the second payment if the team is not delivering as expected. The team's quarterly costs are 160,000 USD, with EMA7 equals 9156.98 KSM, we round down the amount to have less impact on treasury betting on a positive price action of the KSM.
• Funds management: As with previously requested funds, team members are to be payed in KSM using the vesting pallet and the open governance of the DAO. Ideally we would like to find on-chain buyers of the KSM to pay instead with stable coin using our payments pallet.
• Based on the sustainability model of our tokenless parachain and besides parallel efforts by the GrowthDAO team to onboard more organizations to Kreivo, Virto has a "secret" goal of on-boarding 1 or more bigger organizations in growth stage by the end of the year that can bring enough revenue to the protocol via the renewal of memberships and payment fees to achieve self-sustainability.
• The Virto DAO might keep renewing the several Kusama cores acquired recently to cooperate with other teams in the ecosystem that don't want to worry about the maintenance of a parachain and prototype our system of simple deployment of "satellite chains" governed from Kreivo.
• Join our Kreivo Matrix channel to discuss with other teams on how to better build this infrastructure together and for any support and questions related to the protocol, the proposal or setting up your own DAO/Community/Collective/Business :)

Hello, on behalf of the AIWeb3 DAO (the most vibrant Chinese community within the Dotsama ecosystem, with the mission to amplify the voice of the Chinese-speaking community and support Chinese content creators, ensuring it plays a pivotal role in shaping the future of Dotsama eco), We sincerely invite you to join our Twitter Space which is held every Tuesday at 10 AM (UTC+8) on our official Twitter: https://x.com/aiweb3dao. Please join our Telegram group if you have any questions, English TG group: https://t.me/aiweb3dao_eng and Chinese TG group: https://t.me/aiweb3dao
BTW: we have discussed this proposal early today, some members share that your project had potential value to the eco, and some others are not familiar with the team and what the project wants to do. In addition, some members wanted the account to be verified first.

您好，我代表AIWeb3 DAO，这个波卡生态中最具活力的中文社区，旨在放大中文社区的声音，支持中文内容创作者，确保其在塑造波卡未来中发挥重要作用。
我们特地邀请你们参加我们的Twitter空间是每周二上午10点（UTC+8）， 在我们的官方推特：https://x.com/aiweb3dao. 。如有任何问题，请加入我们的Telegram讨论：英文Telegram https://t.me/aiweb3dao_eng ， 中文 TG group: https://t.me/aiweb3dao。

I think Virto/Krievo can be the basis for the Kusama network uprise.

But I suggest making it not in the form of an upfront payment, but instead through a bounty spending and using it step by step to reach the results under monitor of Curators who care about Kusama and proof the interest and have a track of contributions.

As I mentioned in referenda 420 https://kusama.subsquare.io/referenda/420, I consider could be necessary to create a bounty to review this kind of proposal related with common good chains or Pseudo /System chain/DAO. The bounty that determines the need for the expenses to be incurred, pre-approves the expenses and establishes the guidelines for retroactive funding and future funding of Common Good Chains/ Pseudo / System chains and in turn evaluates the viability of this type of organizations in the ecosystem.
As a ecosystem we should discuss about to create this type of bounties.

Please make the account to be verified first.

Hi, Everyone; I'm voting yes with conviction. I have known and respected Daniel's work for more than 4 years. I'll be using Virto for governance, treasury, core time and others in the Kinera.network DAO. I support all initiatives to revitalise Kusama. It would be great to see a strategy that everybody could agree with, a set of intentions and initiatives to bring more teams to build in this space.

After listening to Daniel Olano and his presentation at AAG I change my vote to aye although I maintain my consideration of requiring a bounty or collective that can review the system chains and this type of initiatives.