consenz

Thank you and a great appreciation to all of you that support us on #Fund10 of #ProjectCatalyst. Unfortunately our proposals did not got approved, so for the the foreseeable future we will need to hold the project. Great success to all those that did get funded!

Dear #Web3 frens of Israel, We are thrilled to announce the unanimous decision of our Finance Committee regarding the distribution of the first tranche of funds. 🔹 A total of 100,000 ILS has been earmarked the following causes: 🔸 60,000 ILS is being directed towards the Foundation of Eshkol to aid in the relocation and shelter of citizens in close proximity to Gaza. 🔸 25,000 ILS is being dedicated to Zaka, a search and rescue NGO, to acquire medical equipment and ceramic vests. Their teams are at the very front lines, and it's vital they have all necessary resources at their disposal. 🔸 15,000 ILS is being allocated to Lev Echad by Or Hanegev. This will be used to provide essential items such as food, hygiene products, and clothing for the resilient souls who've chosen to stay behind in the kibbutzim, settlements, and cities neighboring Gaza. We are elated to share that the crypto transactions have been processed, ensuring the funds are en route to where they're most needed! 🎉 A massive CONGRATULATIONS is in order! The relentless efforts over the past 4 days are now bearing fruit, making a genuine difference in the lives of many. A heartfelt thank you to each and every one of you. Your continued support and contributions are invaluable. Let's keep the momentum going, amplify our voice, and rally for more awareness and donations! PS. This is just the beginning. We are FAST approaching 500k NIS in donations. Together, we can make an even bigger impact! #CryptoAidIsrael #StandWithIsrael

Our first round of donations is now making its way to the non-profits who are helping in the south to relocate residents who lost their home or are in danger, provide food and shelter, and medical equipment! AMAZING ❤️❤️❤️

@SimonSallstrom @IntersectMBO Thanks for the mention! One of the requirements in not to be funded by catalyst, so as it seems we cannot apply 🙁

@IntersectMBO @consenz_io this is for you

Opening today - grants for Voltaire community tooling! First up, a grant to build a proposal discussion forum. A place to socialize ideas and proposals before they become governance actions on-chain. Applications for members only. Read more ➡️ intersectmbo.org/grants

@SimonSallstrom Amazing. Lets continue to talk about it in DMs

@consenz_io I am sorry to see that you didn’t win this round… But I believe in Consenz and I’m happy to provide a student team (+ PM) to take the product to the next level! Send us a DM and we can talk about what this means :)

#ProjectCatalyst can be very very simple - submit proposals, and vote on them. se-tu. There is no real need for town hall meetings, community reviews, ideafests, workshops, discussions and all of this drama. A voting app, an ideation platform, a blockchain and that it. If it will as such, because there is no limit on the number of proposals that can be submitted, and no screening what so ever (how can you screen or even rank in a permissionless system?), no one could find the good proposals and to separate them from the money grabber, scammer or just less good proposals. So the only way to choose on which proposals to vote for will be to look for the teams that you are already knows, and because most of them have already communities of token holders supporting them, and probably large amounts of $ADA in their treasuries (and personally wallets of the team's members), they will probably get the funding, which will only make it easier for them to win again next fund. And maybe this is what #Cardano needs now. Honestly I don't know. Maybe this will be a good use of the treasury funds - less risky then investing in new team and in unproven ideas, focusing on the tech (and less on more "soft" fields such as community and education), giving those teams the resources needed to grow and become big companies and businesses. But maybe it is not the best route. Maybe. And if it is not, Catalyst should change dramatically toward Fund11, and the first step should be to involve the community in decision making.

Hey #Cardano Community, I want to share my POV on the current state of Project “Catalyst.” Baseline observation: - Immediate Action Needed for Catalyst: Let's be clear- Catalyst is crucial for determining Cardano's governance, and right now, we're not hitting the mark. It's urgent we address this. - The ADA Disparity: The average person will never hold the amount of ADA that the family members of Cardano's founding entities do and the ICO participants do. It's a reality some need to acknowledge. - Whale Influence: There's an inner circle of major ADA holders who seem to be dictating the direction for the rest of us. It's reminiscent of centralized power structures like the IMF, and it's concerning. - Global Significance of Catalyst: In many regions around the world, obtaining seed funding for projects within ecosystems like Cardano is nearly impossible. This makes Catalyst's role even more vital, if executed correctly, it can bridge this gap and empower innovators on a global scale. Our Journey with AdaLink: Our team put in immense effort in organizing, planning, and promoting our proposal. We're proud to have garnered substantial support, evident from the 30M more YES votes compared to F9. However, it's discouraging that a few powerful entities can dictate the outcome. Some Proposed Solutions I like: - Eliminate Downvoting: Let's face it, downvoting is a flawed system. For smaller teams, it's not just a hit to morale but a genuine obstacle. When we approach potential investors or partners outside the crypto space, a high downvote count raises red flags. It casts doubt on our credibility and the viability of our projects. In a space that's already viewed with skepticism, these downvotes can be the nail in the coffin for external trust and support. We need a more constructive feedback mechanism. - Separate Categories for Big Projects: It's unreasonable for startups to compete against established entities. Creating separate categories ensures a level playing field. - Limiting 'Yes' Votes and/or exploring quadratic voting power: Voting is fundamentally about making choices, and just as in traditional governance where you can only vote in specific districts, there should be a cap on the number of 'yes' votes one can give to proposals in Catalyst. Once a certain threshold (let's call it 'x' for now) of 'yes' votes is reached, the power of subsequent 'yes' votes should diminish. This ensures that decision-making remains a process of prioritization and choice. - No Entry Fees: Charging to compete doesn't address the core issues. Grifters exist in every system; it's a risk we need to manage, not avoid. - Eliminating Community Review: To enhance agility and efficiency in the feedback process, I believe we should eliminate the Community Review Period. The current system often compels users to comment on proposals they might not fully understand. In contrast, platforms like X have proven to be more effective in garnering genuine (many times brutal) and insightful feedback. People inherently enjoy sharing their opinions for free; we just need to make it straightforward for them within the voting app. So, the current community review period/process makes no sense to me and adds little value. - Fix the UI/UX of the Voting App: It's essential to provide a seamless user experience. All functionalities, including posting proposals, voting, and feedback, should be consolidated within a single platform. This not only simplifies the process for users but also ensures consistency and ease of navigation. In conclusion, these challenges have been known, shared and discussed since Fund 6. We need to TAKE ACTION, it's crucial we address them NOW for the betterment of the entire Cardano ecosystem.

Exactly

Thanks @SimonSallstrom for your support!

Last hours to vote, if you haven't yet got the chance to do so, please look for "consenz" on the #ProjectCatalyst voting app, read our proposals summery and consider supporting them. TL;DR - we are building a platform for a better governance experience. Give it a chance!

👇👇👇

This image is filling me with excitement and hope for the future of #Cardano. But as we embark on this transformative journey, it's only natural for questions and doubts to arise. 🤔 How can we ensure that the Cardano constitution will genuinely mirror the beliefs and values of such a diverse, global, and virtual community? 🤔How do we strike the right balance between maintaining flexibility for change and avoiding chaos in governance? 🤔 How can we sustain an engaged and inclusive community, offering every $ADA holder a chance to actively participate? While we may not possess all the answers, we're actively working to build a platform that addresses these critical questions. If you, like us, wish to see this platform come to life and fulfill its potential in enhancing Cardano governance, there are still a few hours left to you to go to the #ProjectCatalyst app, search for "consenz" and vote for our proposals. We are here to build the infrastructure for Cardano (and DAOs on Cardano) governance, and we need your support to make this happen.

#ProjectCatalyst #Fund10 #Cardano #CardanoCommunity

Do you agree with this problem statement? Can you imagine this solution been implemented?

And don't forget to vote (and to submit your votes!) to the Consenz proposals 🙏

⚡️ Have you cast your Fund10 #ProjectCatalyst votes yet? 2 days remaining until final call on Sep 14 at 11AM UTC. #Cardano

@yutazzz Please consider adding Consenz proposals to your list. We've been building and delivering, and with additional support the next version of our "Agreements Building Platform" can be very useful for the Cardano community: twitter.com/consenz_io/sta…