[GP10] Community Space Season 2 Rewards

Abstract

This proposal seeks to secure funding from the Galxe DAO treasury for the rewards of the Galxe Community Space's second season, which will run from July 20th to September 30th, 2023. A revised budget of 40,000 GAL tokens is being requested, which will be distributed as rewards to users based on their active participation and ranking in various loyalty campaigns within the Galxe Community Space during Season 2.

Motivation

Capitalizing on the tremendous success of Season 1, which saw over 80k unique users in the loyalty points leaderboard and more than 4k users qualifying for rewards, our focus remains on sustaining and increasing this level of community engagement. The Galxe Community Space continues to serve as a key platform for loyalty campaigns aimed at encouraging user participation and promoting active engagement within the Galxe ecosystem. By rewarding users with GAL tokens, we can further enhance community engagement, strengthen loyalty, and foster a stronger sense of unity among Galxe users. The campaigns will be curated by the Galxe operational team and the Space Cadets (Galxe Contributors), ensuring that they align with the community’s needs and goals.

Specification

Overview

The proposed funding will be used to reward users who actively participate in the loyalty campaigns within the Galxe Community Space during Season 2. Participants will earn loyalty points for completing tasks in each campaign. At the end of the season, the total reward pool of GAL tokens will be distributed to the top 1000 participants based on their ranking in the loyalty points leaderboard, providing an exciting incentive to participate.

Scope

This proposal covers the rewards for Season 2 of the Galxe Community Space, which will span from July 20th to September 30th, 2023. The funds will be used exclusively for rewarding participants in the loyalty campaigns.

Reward Distribution

• Top 1-3 users: 1,500 GAL tokens distributed as follows: 1st place gets 750 GAL, 2nd gets 500 GAL, and 3rd gets 250 GAL.
• Top 4 - Top 1% (7 users in total): 1,800 GAL tokens distributed evenly, each user in this tier gets 180 GAL.
• Top 2-5% (40 users): 5,400 GAL tokens distributed evenly, each user in this tier gets 135 GAL.
• Top 6-15% (100 users): 8,500 GAL tokens distributed evenly, each user in this tier gets 85 GAL.
• Top 16-30% (150 users): 8,000 GAL tokens distributed evenly, each user in this tier gets ~53.33 GAL.
• Top 31-50% (200 users): 6,500 GAL tokens distributed evenly, each user in this tier gets 32.5 GAL.
• Top 51-100% (500 users): 8,300 GAL tokens distributed evenly, each user in this tier gets 17.68 GAL.

Total: 40,000 GAL tokens to be distributed.

Success Criteria

The success of this proposal will be assessed based on:

• Sustained and increased user engagement and participation in the loyalty campaigns.
• Positive feedback from the community on the campaigns and rewards.
• Growth in Galxe’s user base and overall ecosystem.
• Enhanced loyalty and unity among Galxe users driven by the attractive rewards.

Timeline/Budget

The requested budget for this proposal is revised to 40,000 GAL tokens. The rewards will be distributed at the end of Season 2, on September 30th, 2023. The Galxe Space Cadets will continue their collaboration with the Galxe operations team to design and launch diverse loyalty campaigns during this period.

References

Season 1 Proposal - https://community.galxe.org/t/proposal-community-space-season-1-rewards/26396 Season 2 Blog Post - https://blog.galxe.com/embark-on-the-exciting-journey-of-galxe-community-space-season-2-ba96d487b18f Galxe Community Space - https://galxe.com/galxecommunity