For a reference I have been taking part of Project Catalyst since fund1 and have watched the process unfold and diehard community members emerge. I have been one of the loudest and most outspoken people in fund1 and fund2 as I witnessed things that seemed out of line with what I thought Cardano stood for, and when I saw inequalities and opportunities in the process.
All that being said, now is the time I feel I must really get loud and bring attention to one of the biggest opportunities Cardano and the ecosystem is about to miss out on. The challenge of fund1 and fund2 is “How do we encourage developers and entrepreneurs to build businesses and applications on top of Cardano in the next six months?”
That has been our mission since August 12th(fund1), but in fund1 Project Catalyst didn’t give out 1 ADA in funding to the winning proposals, and offered no help to those projects afterward. They were just invited to go through the whole process again and wait another 8+ weeks to maybe get funding.
Then fund2 starts with the same mission of encouraging DEVs and Entrepreneurs to build things on Cardano, and though they are giving out some funding this time to help accomplish the mission, the amount they are giving out ($250,000) is a drop in the bucket of what they have in the account now, and unrealistic as it relates to the mission…
With Goguen in the near future, and every other blockchain kicking Cardano’s ass when it comes to use cases, now is the time to use dcfunds for innovation. With $8,000,000 in funds now and $80,000,000 to come and be given out this year, it does not make sense to only give out $250,000 during fund2.
During fund2 while there is a low number of proposals compared the amount of dcfunds is a great time to fund all the proposals that get more YES votes than No’s. During fund2 you have some of the most loyal fans of Cardano and early adopters who will try their hardest to deliver positive results.
I am calling on the community to stand up and let dcfund know that we want to support more than $250,000 worth of projects in fund2!
What do you think would do more good for Cardano,
- Five to eight proposals get funded in fund2 and a few make something in time for people to use when Goguen is live, and the dcfund has $8million dollars in it.
- Fifty to sixty proposals get funded in fund2 and there are 20 to 30 different things for people to use when Goguen is live, and the dcfund has maybe $5million dollars in it.
Help shape the near future of Cardano’s ecosystem and adoption. Now is not the time to sit on dcfunds, while the community is eager to build and Goguen is so close, now is the time to use dcfunds to catapult Cadano above the other blockchains by showing them lots of cool new things they can do on it.
By time fund3 ends and gives out whatever funds are available in it, months will have gone by that teams in fund2 could have had things built and ready for people to use had they got funding in fund2.
Please support my petition by sharing it, commenting on it, however you can think that could influence the Project Catalyst team and dcfund rule makers. Let’s not miss an opportunity to take Cardano to the next level while there is already $8million in the bank.
“How do we encourage developers and entrepreneurs to build businesses and applications on top of Cardano in the next six months?” By giving them funds to do the job!
LETS FUND ALL “YES” PROPOSALS IN FUND2