Referendum #789

Top-up of Proposal 657 due to DOT price change.

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Request
2,960DOT
Status
Decision28d
Confirmation2d
Attempts
2
Tally
72.8%Aye
50.0%Threshold
27.2%Nay
Aye
15.19MDOT
Nay
5.68MDOT
  • 0.0%
  • 0.0%
  • 0.0%

Threshold

Support(0.21%)
2.98MDOT
Issuance
1.43BDOT
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[Deleted Account]

Hey @PolkaMario and Christian

I just wanted to voice my strong AYE for the top-up. With the volatility of the DOT price, it’s completely reasonable that the funds received were significantly less than expected. You ended up with 25.28% less. That’s a big gap, and I understand why you need an additional 2,960 DOTs to cover the shortfall and include a buffer for future fluctuations.

Your work so far is impressive and valuable for the Polkadot ecosystem. Launching the PolkaBiz website and setting up initiatives like the Founders Lab and Investor Night show a solid commitment to supporting entrepreneurs and fostering innovation. Collaborating with the PBA to establish the Pitch & Mentor program for the Singapore cohort is another fantastic initiative to help seed Polkadot with new projects and leaders.

Your report status update from May 2024 highlights your extensive efforts on this project. From launching the website to organizing pitch events and mentoring sessions, PolkaBiz is clearly making a significant impact. Given all this hard work and the unexpected shortfall due to the DOT price fluctuation, I believe the top-up request is justified and essential for you to continue delivering these valuable programs. Your commitment to returning any surplus to the treasury shows transparency and responsibility. Keep up the great work.

Strong AYE here. Let’s ensure You have the resources needed to keep pushing Polkadot forward.

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