[IDP6] SPACE ID Cosmic Council (Contributor Program) Rewards for Q4 2023

Overview

This proposal seeks funding for the SPACE ID Cosmic Council Rewards during the 4th quarter of 2023 (October - December). The program's heart lies in recognizing and rewarding our contributors, known as the Cosmic Council, corresponding with their dedication to SPACE ID.

Purpose

The adapted rewards program is conceived to ensure the Cosmic Council stays engaged, inspired, and consistently delivers quality contributions to our community. Through fair and tailored rewards, we wish to incentivize a deeper commitment, which is instrumental for the continued success of SPACE ID.

Scope

The refined funding proposal combines all contributor rewards into one comprehensive pool. This pool will cater to Cosmic Astras, Space Novas & Auroras, depending on their individual contributions to SPACE ID.

Implementation

Contributions will be assessed using the same points-based system. However, the significant shift lies in the exclusive evaluation by the SPACE ID core team, ensuring that each contribution's merit is recognized and aptly rewarded. Following the established structure, monthly reward distributions will happen at the beginning of each subsequent month, considering the contributions made during the previous month.

Timeline

This reward system will run from October 1st to December 31st, 2023. The rewards will be distributed at the beginning of the next month.

Budget

A budget of of $21,000 is requested for Q4 2023. This allocation, reflecting a reduction from the prior quarter, is calculated based on the anticipated contributions and the streamlined rewards structure.

Expected Outcomes

• Reinforced Contributor Incentives: Through consistent evaluation by the core team and the points-based system, contributors are assured of equitable rewards, bolstering their engagement and loyalty.
• Prominent Social Media Presence: Through the rewards program, we anticipate fostering a consistent and noticeable presence of SPACE ID on social platforms. Our incentivized contributors will likely champion our cause, leading to regular mentions, discussions, and shares about SPACE ID, ensuring our message resonates within the Web3 space.
• 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 - https://blog.space.id/introducing-cosmic-council-v2-an-updated-contributor-program-6f1bcdf1e2d6