[GP5] Galxe Contributor Program Rewards Extension (Q2-Q3 of 2023)

Abstract

This proposal seeks to extend the Galxe Contributor Program Rewards for Q2-Q3 of 2023. Building on the success of the Q1 2023 rewards program, the goal is to continue recognizing and rewarding members in the Contributor Program (Space Cadets) for their contributions while maintaining increased engagement, participation, accountability, and transparency within the Galxe community.

Motivation

The Galxe Contributor Program has demonstrated a positive impact on community engagement, participation, and growth during Q1 2023. To maintain this momentum, it is essential to secure funding from the community treasury for the remainder of 2023, ensuring the ongoing recognition and incentivization of valuable contributions to the Galxe ecosystem.

Specification

Overview

The extension of the rewards program will maintain the existing structure, which includes manually tracking contributions, internal evaluation, and GAL token distribution based on contribution performance. The program will also continue soliciting community feedback and suggestions to ensure it meets the needs and expectations of the Galxe community.

Scope

This proposal covers the following aspects:

• Extension of the rewards program for Q2-Q3 of 2023.
• Re-evaluation of the GAL tokens allocated for each quarter, considering community growth and increased demand for contributions.
• Continued promotion of the rewards program and encouragement of participation from new and existing members.
• Ongoing solicitation of community feedback and suggestions, with adjustments made as necessary.

Success Criteria

The successful implementation of this proposal will result in:

• Ongoing recognition and rewards for contributors, leading to active participation and increased contributions from community members.
• Sustained growth and development of the Galxe community.
• Enhanced engagement, accountability, and transparency within the Galxe community.

Timeline/Budget

Considering the growth and increased engagement since Q1, the proposed timeline and budget for the rewards program are as follows:

• Q2 (April - June): 10,500 GAL tokens
• Q3 (July - September): 11,000 GAL tokens
• Total: 21,500 GAL tokens for Q2-Q3 of 2023

Implementation will begin immediately upon approval and continue throughout Q2-Q3 of 2023. Contributor Program rewards are distributed after the respective quarter ends.

References (Links)

Galxe Contributor Program Overview - https://blog.galxe.com/galxe-contributor-program-5d96ac75e4ae Galxe Contributor Program Rewards Q1 Proposal - https://forum.galxe.com/t/proposal-galxe-contributor-program-rewards/20266

Apply to be come a Galxe Space Cadet - https://gal.xyz/GalxeContributorProgram