Author: zhape.eth
Date: (2022-01-13)
Synopsis
Allocate grants to support the development of Juicebox Chinese community.
Motivation
Chinese members have always been one of the biggest community, either in numbers of people or in amount of contribution, in the Juicebox ecosystem. But due to language barrier and lack of motivation, this community has not been very active all along in terms of governance, project creation and building.
I believe that with proper motivation and aligned interest as well as the translation help, this community has the potential of make its influence proportionate to its size, strength and creativness.
For this reason, Zhape has created a project (https://juicebox.money/@jbxcn) dedicated to the purpose of bringing together people with similar interest, to try to build a community with aligned interest, and hopefully thrive in the Juicebox ecosystem, as an important part of it.
Specification
Paid from the V1 treasury 20k USD equivalent of ETH to the project treasury of Juicebox project JBX CN (https://juicebox.money/@jbxcn), and 10k USD equivalent of JBX to the multisig of this project(TBD).
Rationale
- Management of the project treasury. At the onset, the treasury will be controlled by a multisig consists of some core members of JuiceboxDAO, to avoid any embezzlement or wrongdoings of the grants from JBDAO.
- Governance of this community around the JBX CN project. We will initially use JBX as a governance token, and follow the governance process of JBDAO at the moment. Might also think of using JokeDAO in the case of emergency or necessity. The project token might only be consider to be used when the project actually gain some momentum, of course, under the discussion of community members.
- Expected areas of effors:
- Marketing in Chinese speaking areas / regions, planning to use a referral program at the early stage, and rewards will be allocated by multisig in JBX;
- Possibly trying to hold some Juicebox tokenomics hackathons, encouraging community members or interested onlookers to really think in the shoes of Juicebox. Participants will need to do their presentation on JBX CN’s twitter spaces or discord CN town halls or whatever form it is deemed suitable, a voting will be conducted after the presentation to select the winners, and the top 3 will be awarded accordingly;
- Incubation and curation of CN projects. We might be holding some launchathon, and select the winners by voting in the categories of influence, numbers of members, contribution received, etc;
- Translation services. Form a team of translators to help projects prepare their English version of contents. Also provide interpretation services to hold AMA / Twitter spaces if there is any demand;
- Try to collaborate with Juicetool / Nance to provide one-stop services for projects, in order to help establish governance process;
- Plan to develop Chinese oriented front ends, should there be enough interest / need;
- Might try to aggregate voting weight in CN community by Snapshot delegation
- The vision is to build the project into a self-sustaining one in the Juicebox ecosystem, instead of always asking for support from JBDAO. So, the main focus will be how to get some revenue and ultimately stand on its own
Risks
- There might be poor management. Zhape never thinks he’s a specialist in most of above-mentioned categories, so he only hopes to play a role mainly as a coordinator / incubator in this project. We need to recruit some folks good at those categories along the way.
- In the case of lack of involvement from our community members or poor results from the management, instead of letting the funds sit idle in JBX CN treasury and multisig, JBDAO can authorize its multisig to redeem the JBX CN project tokens to retrieve the ETH funds. The current redemption rate is set as 100% with a distribution limit of zero, so JBDAO might be able to get its full refund. (These parameters might be subject to adjustment when we start to implement some events.)
Timeline
To be executed in the GC #40, if this proposal is approved.