PROPOSAL: DAI Proposals to be used in line with Hopr Token Proposals

Hello Everyone

Instead of opening a topic on the use of Hopr tokens, I think we should prepare DAI proposals in line with the 8 Hopr token proposals prepared by the team.

DESCRIPTION AND IMPLEMENTATION

As you know, 40% / 30% / 20% and 10% Hopr tokens will be distributed in 4 of the Hopr Token Proposals. For the same options as the 1st and 2nd DAI proposals I prepared, the use of Hopr Token can be voted on. If this happens, the DAI value should be reduced to the dollar equivalent of Hopr Tokens. For example, if 40% Hopr Token is used at the same time in the first bid, the initial bid will be reduced by 48,000 DAI (485,355 Hopr 194,142 40% of Hopr = Approximately 48,000 DAI). If the DAI remains from the 1st and 2nd proposals, as in the example, the 3rd and 4th proposals are funded. If no DAI is left, proposals 3 and 4 will not be funded with DAI. They are funded only if they are selected in the Hopr Token voting.

1. Proposal 5 - Online Marketing and Proposal 7 - Local Community Funds:

I consider these two suggestions made by the team together. Online marketing should be done by involving local communities. Without the support of local people, it is very difficult for the team to reach investors in different regions. I think that 100,000 DAI should be spent on marketing for these two proposals, and if the same items are selected in the Hopr Token voting at this marketing stage, it would be right to reward Hopr Tokens with various contests. A large part of the budget allocated for marketing should be spent on twitter influencers. Twitter influencers require support from local communities. Don’t think of it as a shilling. It is enough to introduce the project and explain future plans. As for the time, I think it’s appropriate after December.

2. Proposal 2 - Hackathons (Live or Online) in 2022:

Participation in hackathons is mandatory, as said in this advice. Applications that will work with the Hopr protocol should be our priority. An average of 50,000 DAI can be used for this proposal. If Hopr Token offer is selected in proportion to this offer, Hopr tokens can be given to app developers in a locked way.

3. Proposal 4 - Liquidity Incentives:

In case of selecting Bid 1 and 2 at the same time in Hopr Token voting, this option will be funded with reduced DAI amount as I wrote above. Hopr Token is purchased with reduced DAI amounts and used in this option. It is important that we enter a good dex platform in the xdai network. My suggestion is that it should be SushiSwap. Hopr Tokens converted from DAI should be used for liquidity incentives. This option can be used by adding to the selected amount if selected in the Hopr Token voting. (Honeyswap is not that popular and less used).

4. Proposal 3 - Grow the Hopr Hardware Node:

We have a good relationship with Avado. Hopr tokens were awarded to those who previously purchased Avado nodes. In case of selecting Bid 1 and 2 at the same time in Hopr Token voting, this option will be funded with reduced DAI amount as I wrote above. Hopr Token is purchased with reduced DAI amounts and used in this option. In deals with other partners, Hopr tokens can be awarded as a reward to those who purchase hardware nodes. Issued tokens should not be given to hardware node buyers immediately. When the node system is active, it should be given monthly according to the working hours. In this way, continuous operation of the devices is encouraged. If this option is selected in the Hopr Token voting, it can be used by adding on the selected amount.

BUDGET

To explain briefly;

or Offers 5 and 7: 100,000 DAI (reduced by the same DAI if also selected in the Hopr Token voting).

For Bid 2: 50,000 DAI (reduced by the same DAI if also selected in the Hopr Token voting).

For Bid 4: If bids 1 and 2 win in the Hopr Token voting, it will be funded with DAI.

For Bid 3: If bids 1 and 2 win in the Hopr Token voting, it will be funded with DAI.


These are my thoughts. If you have different ideas, I would be happy if you write them. This way, we can create a better offer together. I can update more appropriately. Thank you for reading.

21 Likes

very good idea :smiley:

Thank you :grinning:

As Dai is pegged at $1 as a stable coin it doesn’t offer investors much incentive to gain due to not being a token. Its ok for wages but as for working on a project to help gain traction i think HOPR would be a better option. I know you discuss this in your proposal, but food for thought.

1 Like

Hi @OuTLaWz_1903. Thanks for making this. It’s definitely in line with our suggestion from the HOPR token side. I’m going to tentatively mark this as invalid for now, though, because I think it’s trying to cover too much ground by also advocating for your preferred results in the HOPR token vote (to be clear, I think it’s great to do that, I just don’t think it belongs in a proposal).

What would happen if the proposals you mention don’t get selected, or they do get selected but at a different budget level than you’ve advocated for?

I think there are a couple of ways this could be fixed:

  • Remove the suggestions for your preferred outcome of the HOPR token votes (although I think they would be useful in the HOPR token discussion category)

THEN EITHER

  • Split this into different proposals, one for each HOPR proposal (not sure I’d recommend this, but I think it would then be valid)

OR

  • Make this proposal conditional on the HOPR token vote results (e.g., IF HOPR token proposal X passes with Y% of budget, then match that with Y*Z DAI contribution). Doesn’t need to be that precise, and for some the DAI amount may not be conditional on Y, as long as Y > 0. But as currently written I don’t think this is quite actionable.
3 Likes

I really liked this idea!

1 Like

I understand what you’re saying. I will remove the Hopr token offers from the post and edit them.

1 Like

Thanks! Can you ping me if you do? The forum doesn’t do a great job of showing me when edits have been made.

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I updated the proposal :)

1 Like

Thanks for making those changes, @OuTLaWz_1903. I’ve retagged the proposal as valid and added it to the official list here:

https://forum.hoprnet.org/t/proposal-14-dai-proposals-to-be-used-in-line-with-hopr-token-proposals/

Anyone who supports this proposal, please visit that link and click the heart (like) button under the post to sign it.

1 Like

This is good idea :+1:

1 Like

Great idea

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I absolutely agree to point no. 4th
I personaly have my HOPR-Box since January 2021

1 Like

Thank you. I would be glad if you vote in the DAI Proposals section.

https://forum.hoprnet.org/t/proposal-14-dai-proposals-to-be-used-in-line-with-hopr-token-proposals/

1 Like

Не плохая идея :grinning:

Буду рад, если вам понравится раздел DAI Proposals.

https://forum.hoprnet.org/t/proposal-14-dai-proposals-to-be-used-in-line-with-hopr-token-proposals/

good!

Thank you. Please press the like button ;)

https://forum.hoprnet.org/t/proposal-14-dai-proposals-to-be-used-in-line-with-hopr-token-proposals/