Prop 0: Create and fund the first 2 /nounspace rounds on rounds.wtf

Summary

Rounds.wtf is a tool for rewarding community members for posting quality content on Farcaster and X. This proposal aims to create and fund nounspace’s first 2 community rounds to both reward community members for posting quality content and to experiment with Rounds.wtf as a means for managing these campaigns.

Abstract

If you’re not already familiar with rounds.wtf, the best way to understand it is to visit their app. In there you’ll find active Rounds from some of the top communities in Farcaster. Within each Round, you can see examples of the types of content that the reward pool encourages as well as the estimated amount that each rewarded post will earn. These live examples demonstrate the effectiveness of Rounds for incentivizing and rewarding quality, targeted content in a fair and scalable way to active community members. This proposal details a plan for creating and funding nounspace’s first 2 Rounds with 50,000 $SPACE each (for a total of 100,000 $SPACE)

**Specification **

If this proposal passes, 100,000 $SPACE will be allocated to Rounds on rounds.wtf with the following details:

Round #1

• Channel: /nounspace

• Round Name: Space Customizers

• Filters: Media

• Cadence: One-time

• Round Start date: October 2nd at 11am CT

• End date: October 16th at 11am CT

• Rewards: 50,000 $SPACE on Base

• Curators: $SPACE holders

Round #2

• Channel: /nounspace

• Round Name: Space Memes

• Filters: Media

• Cadence: One-time

• Round Start date: October 16th at 11am CT

• End date: October 30th at 11am CT

• Rewards: 50,000 $SPACE on Base

• Curators: $SPACE holders

Benefits

• Incentivizes space customization, meme generation, and sharing on social

• Rewards active community members

• Experiments with Rounds.wtf as a content management tool

• Provides fun community activities for all $SPACE holders

• Fair and scalable $SPACE distribution

Drawbacks

• Allocation of 100,000 $SPACE tokens from treasury

• Potential for content manipulation to gain rewards

• Potential to attract low quality/temporary community members only interested in rewards

• Curation by $SPACE holders could lead to biased selections