Community Wallet - Community objective

Agora
1

Building on the Robinhood ASC concept, the upcoming governance framework, and the multisignature capability, a community member proposed the creation of a Community Wallet. This wallet would enable community members to collectively contribute toward achieving objectives defined, prioritized, and funded by the community itself.

The process would be simple:

  1. Proposal: Community members propose objectives.
  2. Prioritization: The community ranks and prioritizes these objectives.
  3. Costing: Estimated costs are established.
  4. Voting: Members vote on which objectives to pursue.
  5. Execution: Once the funding target is met, the objective is implemented by an appointed Massa Ambassador or community lead.

Few use cases could be:

  • Exchange Listings:
  • Funds can be allocated to pay for exchange listing fees, enhancing the visibility and accessibility of Massa tokens. Massa could also provide liquidity to support the listings.
  • Marketing Campaigns:
  • The community can fund targeted marketing efforts, such as social media ads, influencer partnerships, or educational content creation to drive awareness and adoption.
  • Developer Grants:
  • Support developers building on the Massa ecosystem by funding grants for innovative projects, tools, or dApps that add value to the network.
  • Event Sponsorships:
  • Finance community events, hackathons, or meetups to foster engagement, attract new users, and strengthen the Massa community.
  • Security Audits:
  • Cover the costs of professional audits for critical smart contracts or network features, ensuring security and trust within the ecosystem.
  • Community Rewards:
  • Fund initiatives like bounties or competitions to reward community members for their contributions, such as bug reporting, content creation, or ecosystem development.
  • Educational Resources:
  • Develop and distribute tutorials, guides, and webinars to onboard new users and developers effectively.

This initiative would fully leverage Massa’s advanced features, fostering a participatory and transparent system that empowers the community to directly influence and share in Massa’s success.

What do you think?

1 Like
2

How would this wallet be funded, by donations from community members?

I think funds allocated to campaigns, grants, sponsorships, rewards, and education are okay. Audits and CEX listing would be too expensive. Unless the wallet is funded in stablecoins, this would result in unnecessary sell pressure.

1 Like
3

Hey everyone, the idea of a Community Wallet is interesting.
It would allow the community to fund the projects that matter most to them, collectively deciding on priorities and where to allocate resources.

  • Which use cases should be prioritized ?

  • How do we ensure transparency and fair use of the funds ?

  • What potential challenges should we anticipate ?

Share your thoughts, let’s figure out how to make this work.

2 Likes
4

Agree. The community will vote and decide.

5

Agree,

First point, it will be the first question that we would need to ask the community to respond I think.

Second point, wallet owner is the issue. We can’t completely remove the risk unless the wallet owner can be an ASC and multi-signature between community representative and fondation required to withdraw funds. Or Ambassador and community if community decided to keep the foundation out of the equation.

Third point, as stated previously, funds must be secured and controlled to avoid fraud and scam.
The community governance must be established first.
A website or specific plateforme must be leveraged to display every actions and decisions, by who, who voted, who must carry the action and results/impacts report.

I’m sure the community will have more to share and contribute.

6

Hi,

Doesn’t Massa team have already 32% allocated to these goals?

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