HIP-2/FebMar24 | Marketing Budget Allocation Addendum

Completed Votes
1

:small_orange_diamond: HIP-2/FebMar24 | Marketing Budget Allocation Addendum :small_orange_diamond:

Snapshot Time for the Vote:

First block after January 25, 23:59 UTC time.

Voting Period:

Voting starts: January 26, 00:00 UTC time
Voting ends: January 31, 23:59 UTC time

Agency Voting Addresses:

Change of the Minimum Allocation Threshold

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Summary of Proposal:

  • Budget allocation for February 2024 and March 2024, for the four marketing agencies.
  • Proposal of a New “Save for later” option
  • Proposal to change the minimum allocation threshold
  • Report summary of previous working period (December 23/ January 24)

Link to the Full Proposal:

Voting Procedure for marketing budget allocation:

  1. Every DAO participant has a total 0.1 HYDRA available to vote with, which can be distributed among multiple voting addresses of your favorite agencies.
  2. You can split your vote between the agencies per your liking by sending a split amount like 0.05, 0.03 and 0.02 (Total should amount to 0.1 Hydra) OR vote with 0.1 Hydra to allocate 100% budget to one Agency (Example shared here).
  3. The 0.1 HYDRA vote will map your entire voting weight (from the snapshot) proportionally to the agencies
  4. Note that the last set of votes that amount to the sum of 0.1 HYDRA counts, meaning that you can change your vote within the voting period.
  5. Transactions that Total above or below 0.1 HYDRA will not count.
  6. The exponentiating formula will apply as usual.

Voting Procedure for change in minimum threshold:

  1. The vote will map your entire voting weight (from the snapshot)
  2. Note that the last vote counts, meaning that you can change your vote within the voting period.
  3. The range of Hydra that can be sent to the voting address is between 0.01 to 1 Hydra, where each 0.01 Hydra = $100
  4. All votes will be collected and an average mean will be drawn to determine the threshold.
  5. Example: If 2 DAO members vote with 0.5 (5k) and 0.7 (7k) Hydra each, then the minimum threshold will be $6,000 (Example shared here).
  6. The exponentiating formula will apply as usual.
1 Like
2

:small_blue_diamond: Threshold Vote:

Raw —> 0.52 average ($5,200)
Adjusted —> 0.72 average ($7,200)

As a result, the new threshold is now set to $7,200.

:small_blue_diamond: Agency Votes:

Raw votes:

Atoz-PR → 11.95%
Collibri Group → 0.00%
Cryptic → 11.95%
ICODA → 36.92%
Save —> 39.18%

Adjusted votes:

Atoz-PR → 10.44%
Collibri Group → 0.00%
Cryptic → 10.48%
ICODA → 38.63%
Save —> 40.45%

Monthly Budget Allocation:

Atoz-PR → $3,549 (disqualified)
Collibri Group → $0 (disqualified)
Cryptic → $3,562 (disqualified)
ICODA → $13,135
Save —> $13,754

The budget of the disqualified agencies is proportionally allocated to the remaining options.

Budget for Remaining Options:

ICODA → $16,608
Save —> $17,392

1 Like