πŸ’°Weekly Grant Program

Summary

  • Participants in the Mint Club ecosystem can access weekly grant support for their projects or activities.

  • The grant process is divided into two phases: [Initiate] and [Progress] proposals.

  • Grants are issued in GRANT tokens, which are readily convertible to BNB via Mint Club.

  • Requested grants are divided into weekly payments, providing consistent financial support.

  • Weekly payments are contingent upon timely and approved [Progress] proposals; failure to comply will result in immediate cessation of funds.

Background

Our goal is to reward significant contributions in both development and non-development areas within the Mint Club ecosystem through weekly recurring grant payment.

Grant Proposals

Follow two proposal steps during your project:

  • [Initiate] Proposal: Outlines the complete plan.

  • [Progress] Proposal: Updates on weekly progress.

Proposals must be published on the Snapshot page. A minimum of 10 GRANT tokens is required in your wallet to publish.

After submitting a proposal, email admin@hunt.town to notify that you've published a grant proposal.

Grant Scope

  1. Single Project: Extensively use the Mint Club platform for a project such as a DApp using the Mint Club protocol or a project that utilizes tokens/NFTs from Mint Club.

  2. Marketing: Engage in ongoing marketing efforts that directly contribute to Mint Club’s new user acquisition, such as influencer marketing, public relations, or promotional content creation.

  3. Community: Conduct various activities to enhance engagement within the Mint Club community space, including activities in official community channels, managing new channels, or fostering local community groups.

  4. Dev Contributions: Participate in development activities that improve Mint Club’s usability or security, such as creating third-party tools, developing explorers, crafting Dune dashboards, or addressing security vulnerabilities.

  5. Others: Undertake any other types of contributions that directly assist in the growth or enhance the security of the Mint Club platform.

Weekly Recurring Payment (WRP)

  • WRP amount = Total fund request / Total project weeks

  • For example, requesting 1,200 GRANT for a 6-week project results in a weekly payment of 200 GRANT.

  • Payments begin two weeks after the [Initiate] proposal submission via the Furo (Sushi Pay) solution.

Proposal Timeline

Your project or activity starts with the submission of your [Initiate] proposal. The day you post your [Initiate] proposal becomes the "anchor" day. You must submit a weekly [Progress] proposal every week on this anchor day, with a deadline of 2 days from then. Check the example below for a 4-week project:

  • [Initiate] proposal published: May 1, 2024 ➑ "Anchor Day"

  • [Progress 1/4] proposal due: May 8 - 10, 2024

  • 1st WRP (Weekly Recurring Payment) sent: May 15, 2024

  • [Progress 2/4] proposal due: May 15 - 17, 2024

  • 2nd WRP sent: May 22, 2024

  • [Progress 3/4] proposal due: May 22 - 24, 2024

  • 3rd WRP sent: May 29, 2024

  • [Progress 4/4] proposal due: May 29 - 31, 2024

  • 4th WRP sent: June 5, 2024

If you fail to submit your [Progress] proposal on time, your weekly payment stream will be cancelled, and you will no longer be eligible to receive the remaining grant funds.

Proposal Format

Proposals must be written in English and include the following items. Proposals in other languages or missing items will be deleted.

1) [Initiate] Proposal

This proposal introduces your project or activity to the community with detailed execution plans. Include the following items:

  • Title: [Initiate] + Your Project Title (e.g., [Initiate] Project7 Warpcast Activities for Mint Club)

  • Project Owner Identity:

    • Your Telegram Username from the Mint Club Official Telegram channel (e.g., @theproject7)

    • Your social channel links (e.g., https://warpcast.com/project7)

  • Grant Scope: Select one of the outlined Grant Scopes (e.g., 3. Marketing)

  • Total GRANT Amount: The total GRANT tokens requested (which will be split into weekly payments).

  • Total number of weeks for your project or activities (e.g., 6 weeks)

  • Detailed Project/Activity Descriptions:

    • Execution steps

    • Expected outcomes

    • Connection to Mint Club's growth

    • Reference materials

  • About You (or Your Team): Your professional background and reference links to validate your capability.

  • Project Timeline: Outline the key milestones and completion date for your project.

2) [Progress] Proposal

This proposal should report your weekly actions in detail and their results.

  • Title: [Progress #/total number] + Your Project Title (e.g., [Progress 3/6] Project7 Warpcast Activities for Mint Club)

  • [Initiate] Proposal Link: Provide the link to your [Initiate] phase proposal on Snapshot.

  • Current week / Total weeks (e.g., 3 / 6 Weeks)

  • Your weekly actions

  • Results/achievements from them

  • Reference links

  • Next week's items/plans

Snapshot Configurations

  • Voting Type: Basic voting

  • Voting Period: 4 days from submission date

  • Choices: For, Against, and Abstain

  • Minimum Quorum to consider: Proposals need at least 10,000 GRANT voting amounts to be considered Pass or Reject.

  • Pass Condition: "For" ratio must be 50% or higher.

  • Reject Condition: "For" ratio is lower than 50% OR the minimum quorum is not met.

GRANT Payout Terms

  1. The weekly recurring payment will be set via the Furo (Sushi Pay) solution, which is a third-party solution. Mint Club's core team has no ownership/control over this solution and is not responsible for any errors or technical problems with the Furo solution.

  2. The GRANT payout is subject to cancellation if the team identifies significant issues with project execution, including:

    • Illegal project operations.

    • Discovery of misleading or false information in the proposal.

    • Attempts to abuse the platform ecosystem or negatively impact its environment.

  3. GRANT tokens are exclusively disbursed to the BSC wallet address of the proposal initiator; requests to send to alternative addresses will be declined.

  4. Proposals must adhere to the three-phase proposal submission process detailed above. Proposals not following this structured approach will be disqualified.

  5. Adherence to the prescribed proposal format is compulsory. Proposals not conforming to these criteria will be disqualified, regardless of their content or voting results.

  6. The core team retains the authority to pause or alter this grant program at any time, should operational needs require it.

Last updated