Trial fund for Virto team
Big Spender
2 Comments
Deciding

Virto Team trial run: The Summa stack

Total requested: $USD 282,785.00 | 9,373.05 KSM(EMA30)
Proposed call: 0x12030f0044b643bd4c21004896aa6b146417590bd0191a7fe9677e64347e5d6f3d70bca9ded984c2c5c84e

This proposal is the result of our learnings form Ref. 47 and listening to the community's feedback in Ref. 68. Compared to previous proposals, this time we are leaving out the development of out hardware wallet prototype and the implementation of the Local Incentives Protocol to have a narrower focus, a shorter timeline and smaller team to give the community a better feeling of how the team works and what it can accomplish.

Virto is a technical team of creative people aiming to become a mini "Latin American Parity" , focusing on creating user-friendly technology and tools to bring Polkadot technology to the masses. Our team's long term vision is to reduce social inequality and improve the efficient allocation of public resources by empowering local communities with autonomous micro-economies through our Local Incentives Protocol (Not part of this proposal).

We are proposing to build a developer-friendly stack that brings the best of two decentralized ecosystems together, Substrate and Matrix, to create impactful infrastructure that empowers individuals and communities through user-friendly Web3 tools with minimal to no friction for the end user. We expect this technology to bring a whole new wave of users to the Kusama ecosystem that have no previous background or knowledge about blockchain or cryptocurrencies.

Edited
Polkassembly
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Status
Decision14d
Not started yet
Confirmation2d
Deciding
Tally
9%Aye
91%Nay
Aye
2.5K KSM
2501.0453 KSM
Nay
23.94K KSM
23941.488210137521 KSM
  • 0.0%
  • 0.0%
  • 0.0%

Threshold

Support
2.2K KSM
2195.0306 KSM
Issuance
0 KSM
Business
Metadata
Submission
0.033333333333 KSM
Bond: 0.033333333333 KSM
Decision
13.3333333332 KSM
Bond: 13.3333333332 KSM
Decision Period
14 days
(201,600 blocks)
Confirming Period
2 days
(28,800 blocks)
Enact
After: 100
Proposal Hash
0xa081953c496d0ea73a1fe176ed71b6e3bdada3f1a73b7b0f191010c4041af51e
Call
Table
Json
callIndex0x1203
sectiontreasury
methodspend
args
amount9373.05 KSM
beneficiary
idEDVirtoiVjAv8HFZwSGbiBcY6P4kDFba9VKsBS911Aw8evX
TimelineLatest activity undefined
2023-01-24 23:40:54
Submitted
Proposer
Track
Big Spender
Proposal Hash
0xa081953c496d0ea73a1fe176ed71b6e3bdada3f1a73b7b0f191010c4041af51e
2023-01-25 03:41:54
DecisionStarted
Comments
SubSquare(1)
Polkassembly(1)

Thanks SubSquare for fixing the issue of not showing proposals with an "inline call". Starting at a 25% approval makes things a bit challenging but anyway here we go again! As usual happy to hear any feedback and we'll do our best to address any of your concerns. Happy voting!

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