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Proposal #252

Coinbase Learning Rewards and Quests

PassedCommunity Pool Spend Proposal

Passed on 29 Mar 2024 with 81.1% of the votes for yes.

Yes

81.1%

87.7% without abstain

Veto

0.0%

of votes cast

Ended

29 Mar 2024

The ballotvotes cast · final tally
Yes

81.09%

of votes cast

Abstain

7.58%

of votes cast

No

11.32%

of votes cast

Veto

0.01%

of votes cast

Overview

Over the past year and a half, Akash has seen major growth in network activity and functionality. The community of developers and users is steadily increasing over time. With the Coinbase [Hidden link] of listing AKT as a supported asset, this is the perfect opportunity to expand the network’s user base through education on a Tier 1 platform. Discussions regarding this proposal can be found on [Hidden link].

Why Coinbase Learning rewards?

[Hidden link] is an educational platform within Coinbase that allows Coinbase users to learn about projects across the crypto ecosystem. The program provides a small monetary reward in the form of tokens to those that complete lessons and quests.

Budget & Outcomes

The Akash core team will run 2-3 separate Learn campaigns with Coinbase to educate new users about Akash Network and foster interest in the work being done across the community. For these campaigns, we request $8,000,000 or ~1,612,903 AKT using a 30-day moving average price of ~$4.96 (as of block height 15,488,114). The Community Pool currently holds 4,532,193 AKT and is refilling at a rate of 1.156 million AKT per month.

With an $8M budget and expected total payout of $10-15 per user for lessons and quests, exhausting the total budget would increase holders of AKT by 533,333 - 800,000. For reference, according to Smart Stake Analytics, there are currently ~101,000 [Hidden link] on-chain.

Timeline

Given the urgency of the timeline, the discussion period will be shortened to expedite the process and maintain momentum behind this incredible opportunity.

  • Github Discussion: Open for three days of review and feedback
  • Governance Proposal live for voting: Friday, March 22, 2024
  • Coinbase Learn campaign estimated go live: End of March 2024

Voting

By voting YES to this proposal, you agree:

  • Approval for the full funding amount
  • Authorize the community pool to disburse AKT (1,612,903) for Coinbase Learning Rewards to a publicly visible wallet.

By voting NO, you disagree that community pool resources should be used for Coinbase Learning Rewards.

By voting ABSTAIN, you express no opinion on the matter.

AKT Wallet Address: akash1jsqmt0pe4gck0umxjf555vpqqy59lx5p5ek8mj

Timeline

  1. Submitted22 Mar 2024
  2. Voting started22 Mar 2024
  3. Voting ended29 Mar 2024
  4. Deposit deadline05 Apr 2024

Proposer

Address
Deposit1.0K

Rules

Not recorded for this proposal.