[GP24] Galxe Community Space Season 5 Budget

Abstract

This proposal seeks a budget allocation of 50,000 GAL tokens from the Galxe DAO treasury to fund rewards for Space Season 5, running from April 15th to June 25th, 2024. These tokens will be evenly divided between GAL rewards and Galxe Smart Balance rewards.

Motivation

Building on the successes of previous seasons, our aim is to enhance community engagement and participation. The updated rewards structure and distribution method are designed to maintain incentives, fostering a more active and engaged community within the Galxe ecosystem.

Specification

Overview

The proposed funding will cover:

• GAL token rewards for active participants of Space Season 5, distributed through Leaderboard.
• Allocation of rewards to users’ Galxe Smart Balance accounts, enhancing utility and flexibility within the Galxe ecosystem.

Scope

This proposal pertains specifically to rewards for Space Season 5, spanning from April 15th to June 24th, 2024. The allocated tokens are solely dedicated to the specified reward categories.

Reward Distribution

For Space Season 5, rewards will be distributed weekly over an 8-week period. Distribution will occur upon completion of the top 1000 in the leaderboard based on ranking.

• GAL Rewards: 25,000 GAL tokens
• Galxe Smart Balance Rewards: 25,000 GAL tokens

Success Criteria

• Sustained or increased engagement in loyalty campaigns.
• Positive community feedback on the updated rewards structure and distribution approach.
• Expansion of the user base and overall Galxe ecosystem.
• Enhanced understanding and appreciation of Galxe’s vision, offerings, and products among users.

Timeline/Budget

The budget for Space Season 5 is set at 50,000 GAL tokens, with rewards distributed at the end of the season.