[IDP9] Cosmic Council Program Rewards for Q3 of 2024

Overview

This proposal seeks to secure funding from the SPACE ID DAO treasury for the SPACE ID Cosmic Council (contributor program) Rewards for the 3rd quarter (July- September). This program plans to reward those contributing to SPACE ID, collectively known as the Cosmic Council, reflecting their individual contribution efforts.

Purpose

The rewards program is crucial in keeping our Cosmic Council an active, motivated, and high-performing program. It’s designed to encourage more contributions, get the community involved, and attract new talent, which are all vital for the growth and success of SPACE ID.

Scope

This funding proposal includes rewards for all contributors at various levels, such as Cosmic Astras, Space Novas & Auroras, based on their individual performance and contributions to SPACE ID.

Implementation

The rewards will be given based on a points system related to their contributions, reviewed and evaluated by SPACE ID core team.

The reward distribution will occur monthly. This process will rely on the points system and an evaluation of contributions for the previous month.

Timeline

This proposal covers the Cosmic Council rewards for the period until end of September 2024. The rewards for the qualified contributors will be distributed monthly, at the start of each month, for the previous month’s contributions.

Budget

The requested budget is $16,500 to run the contributor program for Q3 of 2024. This amount is calculated considering the current number of active contributors.

Expected Outcomes

Reinforced Contributor Incentives: Through consistent evaluation by the core team and the points-based system, contributors are assured of sufficient rewards, increasing their engagement and loyalty.

Social Media Presence: We anticipate an increased presence of SPACE ID on social platforms. Contributors will continue sharing all latest SPACE ID news and updates, leading to regular mentions, discussions, and new users.

Broadened Integration Partner Ecosystem: The contributor program brings focus on potential new integration and grant integration partners for SPACE ID.

Additional Information

For a more in-depth insight into the initial design of the Cosmic Council, please refer to this blog post.

Apply to become a member of the Cosmic Council here.