This proposal seeks to secure funding from the SPACE ID DAO treasury to kick-start the SPACE ID Cosmic Council (contributor program) Rewards for the 3rd quarter of 2023 (July - September). This program plans to reward those contributing to SPACE ID, collectively known as the Cosmic Council, reflecting their individual contribution efforts.
The rewards program is crucial in keeping our Cosmic Council an active, motivated, and high-performing program. It’s designed to encourage more contributions, get the community involved, and attract new talent, which are all vital for the growth and success of SPACE ID.
This funding proposal includes rewards for all contributors at various levels, such as Cosmic Astras, Space Novas & Auroras, and also the leaders of the Community Guild and the Advocate Guild, based on their individual performance and contributions to SPACE ID.
- Two reward pools will be established: one for the Guild Leaders and another for contributors (Astra, Nova & Aurora). The rewards will be given based on a points system related to their contributions.
- The reward distribution will occur monthly. This process will rely on the points system and an evaluation of contributions for the previous month.
This proposal covers the Cosmic Council rewards for the period until September 30th, 2023. The rewards for the Guild Leaders and contributors will be distributed monthly, at the start of each month, for the previous month’s contributions. The first distribution is set for after the end of July.
The requested budget is $30,000 to run the rewards program until September 30th, 2023. This amount is calculated considering the current number of active contributors. The quarterly budget will be adjusted if necessary in a future proposal for Q4 rewards.
Community Engagement: By successfully funding and implementing the rewards program, we expect to see more community engagement and higher contribution levels. A funded contributor program gives the community a direct way to participate in the project and be rewarded for it. This can lead to a more active and committed community, which is critical for the success of the SPACE ID community.
Fostering Innovation: Contributors from different backgrounds and with varied skills can bring fresh ideas and perspectives, leading to new features, services, or improvements that might not have been conceived otherwise.
Talent Acquisition and Retention: Funding the Cosmic Council allows to attract and retain talented individuals who are passionate about SPACE ID. It provides an incentive for our contributors to dedicate their time and skills, fostering a sense of ownership and loyalty.
This proposal mainly aims to secure the needed funds for the rewards program, a key element of the overall Cosmic Council.
More information about the updated Cosmic Council structure is provided in this blog post - https://blog.space.id/introducing-cosmic-council-v2-an-updated-contributor-program-6f1bcdf1e2d6