Korea Working Group Proposal - Jan 2022

This proposal aims to give an overview of the Korea Working Group (MGH Korea).

The big picture is simple. MGH Korea wants to establish a Korean Hub on one of MGH's existing LAND on the Sandbox. The Korea Hub will be used as a virtual meeting ground privately or commercially with the aims and purposes defined by the core team of MGH Korea. If you would like to participate in MGH Korea, please fill out the following form: https://forms.gle/A6vCq2kxQpsdqp2o8

Project 1: Building the organizational infrastructure MGH Korea will be led and executed by a core team (3-5 members). The core team is advised by an announced and chosen board of advisors (5-10 members). Full-time incentive core team member: $5,000 in MGH per month. Part-time incentive advisor: $0-2000 in MGH, depending on commitment and level of experience.

Total ongoing costs range from: $10,000 - ca. $30,000 in MGH

For the establishment of the core team and board of advisors, we will proceed as follows: 1- Creation of a lead list including purposes, roles, and specification 2- Outreach and conversion 3- Fixation (contractual terms including the definition of contribution) 4- Documentation (internal integration) 5- Public presentation (web presence, public announcement or MGH Korea)

Time budget: 4 weeks Incentive: $2500 in MGH

Project 2: Building the Korea Hub on Sandbox The core members must be responsible to build and foster the infrastructure on LAND (Sandbox). For this, we need to define the goals, purposes, and facilities that should be built on LAND.

Time budget: ongoing and starts once the core team is fixed. Incentive = ongoing costs (see above, Project 1)

Project 3: MGH Korea community building This project is a mix of PR, outreach, and direct community building. KPIs could be social media follows, active contributors, and community members.

Time budget: ongoing starting February 18, 2022 Incentive: $3000-10000 in MGH/USDC, depending on operational expenses and PR plan.

Project 4: Listing on the big Four Korean crypto exchanges The big picture also includes the listing of MGH on major Korean exchanges, however, it only makes sense, if Korean investors can identify themselves with MGH while seeing value creation.

Hence, the first step is to create a core team, then we need to build the vision, then we need to establish a community, and only then it makes sense to list the coin in order to reach sustainable growth.

Time budget: this should start once we reach a substantial community size. Incentive: this will be proposed in detail once we achieve Project 1, 2, and 3.

MGH Korea will report to the MGH community (via Snapshot, Discord) on a monthly basis starting March 1, 2022. The report includes the following points. 1- Current projects including progress 2- Next steps 3- Upcoming projects

Other formalities: Incentives are distributed depending on participation. MGH Korea is led by the core team (to be founded). MGH Korea could later set up their separate Snapshot so that the Korean community can make decisions on the vision and goals independently.