Proposal #79
Passed on 07 Nov 2022 with 70.9% of the votes for yes.
Yes
70.9%
88.7% without abstain
Veto
0.2%
of votes cast
Ended
07 Nov 2022
70.87%
of votes cast
20.11%
of votes cast
8.81%
of votes cast
0.21%
of votes cast
Adan is a non-profit trade organization representing the crypto-asset industry. Our members are crypto-native companies and firms that provide industry-specific expertise (legal, consulting, marketing, etc.)
Founded in France in 2020, Adan has over [Hidden link] in France and Europe across several industry verticals, including DeFi, payments, market making, custody, data analysis, and security, and is the largest crypto trade organization in Europe.
Adan interacts with all stakeholders with interest in the crypto ecosystem: national and European Members of Parliament, the European Commission, the European Council, the European Parliament, as well as the European Central Bank, and the regulatory bodies and legislators of several European countries.
Our unique positioning allows us to rally decentralized DeFi actors and more traditional listed companies and corporations.
Adan is a membership organization and is funded primarily through annual fees.
Being aware that our missions concern not only the Cosmos community but the whole crypto ecosystem, we will ask for grants from other blockchains. Thus the costs will be shared between different communities.
Finally, we will ask the Cosmos community once only. Our growth plan and the opening of the European market will allow us to be financially self-sufficient through membership fees - which today represent over 80% of our annual income.
Members define the yearly objectives during the annual General Assembly. They also vote on the budget, ratify the association's actions, and elect a Board of Directors responsible for representing them and controlling the implementation of these missions.
See our website for more information about Adan's governance and [Hidden link].
Adan is a non-profit organization registered in France (Association loi de 1901).
Adan interacts with all stakeholders with an interest in the crypto ecosystem: national and European Members of Parliament, the European Commission, the European Council, the European Parliament, as well as the European Central Bank, and the regulatory bodies and legislators of several European countries.
Adan is also involved in discussions with international bodies such as FATF, IOSO, BIS etc.
In just two short years, Adan has produced an astounding amount of writing and [Hidden link] to support its mission:
The crypto industry is evolving rapidly, challenges are multiplying, and public authorities worldwide are increasingly seeking to regulate crypto innovation.
To this end, we will continue to fight the battles initiated at the French level but must accelerate on the European and international scene according to 4 priorities:
To overcome these challenges, our team must engage in the following activities:
Given the size and importance of the mission, which is constantly expanding, Adan must strengthen its team. Thus we request funding from the Cosmos Hub community pool to recruit a European Affairs Officer based in Brussels, allowing us to further increase our ties with transnational bodies.
We believe transparency around community funding is important for building trust and establishing a reputation. This is why we pledge to publish progress reports in 6 and 12 months such that the Cosmos Community better understands how funds are spent and may evaluate the return on its investment.
This report will be delivered to you via this forum. It will consist of different sections, such as :
Total amount requested: 8,000 ATOM
This corresponds to roughly 100,000 EUR and covers gross salary, recruitment costs, and travel expenses for half a year.
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The following items summarize the voting options and what it means for this proposal: