Proposal #52 - Meme and Culture Fund

Developers Function X Governance
1

Dear FX community,

Proposal #52 is now live for Deposit. If you are keen to vote, please deposit your $FX tokens.
:point_right:t2: Function X StarScan

The proposal seeks to apply for 2,500,000 FX (~500,000 USD) to fund new meme and NFT projects on f(x)Core.

The fund will be distributed to up to 10 projects, with milestones agreed upon upfront.

For more context and info, please check out this forum post:
:point_right:t2: Temperature Check: Meme & NFT Culture Fund

Cheers!

5 Likes
2

12 days left to vote for Proposal #52!
:point_right:t2: Function X StarScan

The proposal seeks to apply for 2,500,000 FX (~500,000 USD) to fund new meme and NFT projects on f(x)Core.

The fund will be distributed to up to 10 projects, with milestones agreed upon upfront.

For more context and info, please check out this forum post:
:point_right:t2: Temperature Check: Meme & NFT Culture Fund

1 Like
3

Current votes:
:fire: Governance Proposal #52
:rocket: Meme and NFT Culture Fund
:ballot_box: Votes are reaching 13.4 %
:+1: = 99.4 %
:-1: = 0.6 %
:rage: = 0.0 %
:question: = 0.0 %
Validators which voted (10):
FrenchﾒCore-1 (:+1:)
Superbit123 (:+1:)
nexus (:+1:)
ClaudioﾒBarros (:+1:)
FX FriendsX (:+1:)
Fox (:+1:)
Moonbase (:+1:)
SmallFort (:+1:)
FrenchﾒCore-2 (:+1:)
LeValidateurFX (:+1:)

4

Meow,

What are the criteria to apply for this grant once it’s approved?..

1 Like
5

We’ll share the criteria in due time!

Thank you for your interest :slight_smile:

6

There are still 8 days left to vote for Prop #52!

To vote :point_right:t2: Function X StarScan

For more context and info, please check out this forum post:
:point_right:t2: Temperature Check: Meme & NFT Culture Fund

7

We’re excited to announce that Prop #52 has passed!

For our next step, we will share with the FX Community the list of eligibility criteria for projects to qualify for the funding.

Watch this space!

2 Likes
8

We are in the process of brainstorming the list of eligibility criteria for projects to qualify for the funding.

We want to share with the community what we have in mind thus far and welcome any feedback and comments.

Eligibility Criteria for Community Coins

The eligibility criteria are designed to identify community coin projects that show stability, growth potential, and a commitment to fair practices in the crypto world.

  1. Fairly Launched: In order to ensure an equitable and egalitarian start, community coins should be launched using the following mechanisms.
  • Ownership of the community token contract was renounced.
  • Initial liquidity burned or adequately locked.
  • Initial whale protection measures, such as a purchase limit per address, were employed.
  • No allocation reserved for the team.

  1. Secure: Community coins should embody best practices at every step of the development process. Contracts must be verified. The contract creator’s address should have gone through community due diligence.

  2. High Holder Count: For a coin to be considered a community coin, it needs to be widely held by a large number of users.

  3. Low Concentration: Whales should not possess large chunks of the coin supply.‍

  4. Daily Trading Volume: The project should be receiving active interest from the community, as evidenced by metrics such as daily transaction volume from diverse numbers of account holders.

3 Likes
9

Those criteria seem fair to me.
WRT security audit of the tokens’ contracts, it might restrict coins to EVM-compatible coins only, as we’re probably not going to fund contracts audits on multiple blockchains…

Regards,
@FrenchXCore

1 Like