Proposal To Reduce the Proposal Reward From 100,000 Well to 10,000 Well

Moonwell’s community members are encouraged to submit proposals to improve the platform and community. However, the current proposal reward of 100,000 WELL may incentivize some individuals to write proposals for personal gain rather than for the benefit of the community. Therefore, we propose to reduce the proposal reward from 100,000 WELL to 10,000 WELL.

The reduction of the proposal reward from 100,000 WELL to 10,000 WELL will significantly reduce the risk of personal gain from proposal writing while still providing a fair compensation for the time and effort put into creating a proposal. The money saved from this reduction can be utilized for various incentive programs such as Crew3 Quests, which currently offers a first-place reward of only $100, which is ten times less than the current proposal reward. By reallocating the funds saved, we can offer more significant rewards for incentive programs, motivating community members to engage and participate more actively.

Moreover, the funds saved from the proposal reward reduction can also be used to improve Moonwell’s marketing and advertising campaigns. An enhanced and more effective marketing and advertising strategy can attract more clients and create a more positive image in the media, ultimately driving growth and increasing the platform’s overall value.

In summary, by reducing the proposal reward from 100,000 WELL to 10,000 WELL, we can reduce the risk of personal gain and reallocate the funds saved to enhance Moonwell’s incentive programs and marketing efforts. We believe that these changes will benefit the community as a whole and help drive long-term growth and success for Moonwell. Therefore, we urge the community to consider this proposal and vote in favor of its implementation.