HIP-2/OctNov23 | Marketing Budget Allocation Addendum

:small_orange_diamond: HIP-2/OctNov23 | Marketing Budget Allocation Addendum is scheduled for a vote! :small_orange_diamond:

Snapshot Time for the Vote:

First block after September 30, 23:59 UTC time.

Voting Period:

Voting starts: October 1, 00:00 UTC time
Voting ends: October 7, 23:59 UTC time

Agency Voting Addresses:

If you do not agree with the Two Months Working Period then vote by sending 0.1 HYDRA to

Summary of Proposal:

  • Budget allocation for October and November 2023, for the two marketing agencies. Increasing working period to two months
  • Every DAO participant has 0.1 Hydra to vote with and can split their budget vote between the agencies, or vote with 0.1 Hydra to allocate 100% to one Agency (Example shared in proposal)
  • Summary of Agency Activities has been shared to the community on 28th September, 2023 in the previous months proposal post

Additional Changes:

  • Introduction of Optional Granular Voting (Split Voting). Budget to be allocated accordingly.
  • Introducing a $2,000 Minimum Allocation for an agency

Link to the Full Proposal:

Voting Procedure:

  1. Every DAO participant has a total vote of 0.1 HYDRA available, which should be casted to the voting addresses of your favorite agencies (you can split it per your liking). The 0.1 HYDRA vote will map your entire voting weight (from the snapshot) proportionally to the agencies
  2. 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.
  3. Transactions that total above or below 0.1 HYDRA will not count.
  4. The exponentiating formula will apply as usual.