Over the last few months, the GrantShares DAO has hosted more than 20 funding requests and community discussions. Several funded projects have already made good on their proposals, while others continue to build forward and deliver in milestones.
At the time of press, 17,911 NEO and 165 GAS has been distributed across 12 applications, totaling approximately US $175,000 using the exchange rates at the time of each allocation. The treasury has 8555 NEO and 3228 GAS remaining to fund future ventures.
A number of projects covered in previous articles have received funding and provided deliverables in the time since NNT’s previous coverage.
Auto-Compounding NEO (cNEO)
The Auto-Compounding NEO proposal was submitted by Lyrebird/FUSD founder William Song. The proposal detailed a wrapper for NEO/bNEO tokens which enables users to easily compound their governance rewards using a completely on-chain mechanism.
The proposal requested 500 NEO from the GrantShares DAO to cover smart contract and frontend development costs. After passing a vote by DAO members, the project received funding and has since delivered the contract and MVP web app.
Two weeks ago the creator opened a second proposal, requesting 811 NEO to pay for the contract auditing by Red4Sec. Like the first, this proposal was endorsed and passed the vote, with distribution of funds pending the time-lock expiration.
Renewed iOS SDK
The proposal to create a new Swift SDK for Neo N3 generated significant community discussion. The opposition pushed back against the idea of a native SDK for iOS, highlighting a need for consistency and standards between different languages, achieved using a single-core SDK implementation.
Taking feedback into account, proposal author Ben Gray submitted an update, modifying the architecture of the Swift SDK to follow the design of neow3j, the existing Java SDK for Android users. This is intended to achieve a similar goal of a unified development experience, in this case for mobile developers on both Apple and Android devices, while retaining the advantage of using natively written code.
The proposal was split into three modules, each containing its own set of deliverables and requested funds. The first, requesting 820 NEO to build the core foundations of the SDK, was endorsed, unanimously approved, and delivered.
A proposal covering the second module was also submitted. This body of work builds on the SDK’s foundations to provide network infrastructure and various higher-level interfaces. Funding of 1500 NEO was allocated following approval by GrantShares DAO members.
Voxiberate – Citizen Assemblies
Voxiberate, built by Dr. George Zarkadakis and collaborators, intends to solve the problem of participatory governance. This is achieved through deliberations by representative groups of citizens, known as citizen assemblies. In citizen assemblies, randomly selected participants discuss a given issue, receive input from subject matter experts, and eventually vote to determine between themselves the optimal path of resolution.
The Voxiberate team seeks to unlock and popularize this form of governance by integrating with Web3. The platform aims to give decentralized groups, such as DAOs, the tools they need to self-govern with citizen assemblies.
The team requested 2410 NEO to fund the project in return for two main deliverables. The first is to produce a Neo-based solution design for its reward token, membership representation, and DAO integration, plus a proof-of-concept dApp integrating existing N3 wallets. The second deliverable would build on the first, refining the UI/UX, implementing new smart contract features, and further developing its AI engine.
The proposal was accepted and funded by GrantShares, and the team has since shared a video demo, its solution design report, and a report on its first test pilot.
Dual-Token Economic Model Research
A research proposal investigating the monetary dynamics of Neo’s two-token economic model made progress through the GrantShares platform. Submitted by Nicola Dimitri, Professor of Economics at the University of Siena, the paper would use the Representative Agent model to explore the inner workings of NEO, GAS, and the forces determining their exchange rate and influence on governance.
After gaining interest from research-minded members of the Neo community, the decision was made to split the proposal into two milestones. The first milestone would last 6 months and result in a first draft of the paper, with the second milestone used to refine and deliver a final version. Half of the originally requested funds would be allocated for each milestone, amounting to 1,875 NEO each.
Having received endorsement, the proposal was put to a vote, receiving majority approval from participating members. A preliminary and incomplete version of the draft has since been delivered, attracting various comments from researchers in the ecosystem. The completed first draft is scheduled for delivery in March.
A number of new proposals have been published on the platform, prompting discussions with DAO members and the broader Neo community. Proposals that have not progressed beyond the discussion phase are summarized below
Neo Latin America proposed to host a catered event in Latin America as a community building venture. No follow up was made following requests from DAO members to revise what were seen as unnecessary expenses.
Cross-chain Protocol Rubic asked to add Neo N3 to its list of supported protocols for one-click token swapping. The team proposed to use Poly Network for bridging, but suffered two hacks and therefore elected to postpone its application until after its relaunch.
Quidli is a token rewards tool that integrates with Slack and Discord. The proposal to integrate Neo came through shortly after the release of the GasBot, leading to the discussion going dormant for the time being.
A proposal to add NEO to the NearPay on-ramp widget was made by the NearPay team, which would see NEO and potentially other NEP-17 tokens integrated with its fiat on-ramp. The service currently supports NEAR, ERC-20, and BTC. The discussion garnered interest, but no follow-up or push on-chain has been made at this time.
A cryptocurrency-focused content creator made an application to bring 400 Crypto users to the Neo ecosystem. This was intended to be completed through GAS airdrops, conducted on an associated Twitter page. The submission did not generate much discussion but remains open for participation.
DAO by greyarea is a proposal to build a Web3 art gallery, showcasing NFTs with a focus on contemporary artists and streetwear brands, combined with a community-curated clothing line. The proposal did not include any budget or personnel to build the platform, so discussion remains dormant.
Let’s Rejoice is a proposal to fund development of a dating app, specifically targeting Chinese Christian women and foreign suitors. The application would use the Neo blockchain to handle in-app transactions and donations, but members found that the primary focus of the app did not align well with the funding intentions of the GrantShares platform.
The Nomis team proposed to deploy a credential and scoring data network to the Neo blockchain. The solution would provide a method for calculating credit scores based on Neo wallet holdings and activity, intended for use in DeFi applications. Discussion halted due to the relative immaturity of the N3 DeFi ecosystem, which makes few sources of data available for such a system at this time.
College DAO requested funds to build its Web3 educational platform, which could host tutorials, courses, and reward students with NFT certifications. The proposal is still open, though has not attracted discussion at this time.
The early-stage startups incubator proposed a series of startup cohorts focused on decentralized development and regulatory compliance, with each cohort concluding in a demo day for startups. The team was recommended to coordinate with EcoBoost as a more appropriate avenue for funding.
DogeRift Expansion is a proposal by the DogeRift team, seeking funding for content updates including an in-game shop, Parkour and Football game modes, and mobile versions of the game client. Neo EcoBoost was suggested again as a more appropriate source for an existing project seeking a large quantity of funding.
There is one proposal which is in the voting phase at the time of press. The proposal, submitted by the same author as the Let’s Rejoice application, was to create a NEO analytics dashboard, complete with gamified price forecasting and 3D visualizations. The tool received mixed interest from DAO members, and the author has already begun work on some of the proposed infrastructure.
In its current state, the proposal is on track to be approved.
FrankCoin was a proposal requesting a small amount of funds to airdrop to FrankCoin NFT holders. GrantShares members acknowledged the community building efforts and approved the application, awarding 165 GAS to the cause.
The AfricaN3 team made a proposal requesting 730 NEO for the Life Savers program, a collaboration with Action On Blood. The application would see NFTs created to serve as raffle tickets for donors at a Blood Drive event. The tokens would use the novel “soulbound” approach, where they would be made non-transferable as proof of participation. The proposal was popular with GrantShares members and quickly gained the required votes for approval.
Boost Forthewin is the third proposal made by the Forthewin team, after the initial application and its follow-up failed to receive endorsement. The original proposal sought runway funding for general application development and maintenance, but GrantShares members requested better defined milestones and deliverables.
The updated proposal highlighted three key areas for delivery: onboarding of new dApp projects, integration of Forthewin as a price data source in cryptocurrency data platforms, and contract auditing. Following majority approval by participating members, the team received the requested 2,950 NEO.
NEO on TikTok was a proposal to create N3 promotional content for publication on TikTok. Authored by the creator of the previous NEO on Facebook proposal, the application highlighted the ongoing need for Neo content on social media, pointing to TikTok as the most highly trending platform.
The authors requested 305 NEO to fund 30 short videos about Neo and its ecosystem, prompting discussion from members about the suitability of the platform, the intended audience for the content, and expected results. The proposal was pushed on-chain and received endorsement, but failed to pass a majority vote and was rejected.
A proposal for a set of Neo Chinese Development Tutorials for Java users was submitted for consideration. The author intended to produce a range of materials in Chinese that would guide Java developers through the process of building on Neo N3. Course material would cover Neo fundamentals, including wallets and consensus, how to set up private networks with Neo Express, how to use NeoLine, and how to build real world projects with Neow3j.
The application gathered interest, particularly from Neow3j’s maintainer, AxLabs, who encouraged publication of the tutorials under its neow3j domain. After endorsement, the proposal was put to a vote, where it failed to reach a majority by one vote.
Visit the GrantShares platform to view and participate in discussions for proposals at the link below:
About The Author: Brett Rhodes
Brett is a blockchain enthusiast and freelance writer who originally began producing content for the gaming & eSports industries. Now he spends most of his time contributing in the Neo ecosystem.
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