Goal: Use POAPs in our calls to test whether it affects participation. To reward active participants in Centrifuge events with NFTs and POAPs, and bring new users to Centrifuge
The community has told us on several occasions that they want to try POAPS and NFTs to see if it increases participation in governance. As a small experiment, we want to start by testing this for governance and community calls.
We also received advice from Raul from Polkadot council that it is something that is working for them.
- We prepare a unique design POAP for each call (one design but with different words in it, like June 2022 governance, July 2022 community call, etc.).
The expectation is to use 20/50 POAPs each call (based on the numbers of people who attended the call), and to be safe, we will mint 50 POAPs for each call.
- For each call, we will generate a link that should be used for minting the POAP or the google form (collecting wallet of address) where users should fill out their wallet address and discord handle.
The generation link will be posted at the end of the call with a countdown timer (30-60 mins). This action permits us to increase and incentivizes the community to participate in our Governance or Community calls.
Because only users who will attend the call will know the link and they will have enough time to insert their Metamask wallet and mint the POAP.
These POAP should be limited not only in the number of minting but also in the timeframe of the request of POAPs. Users who will attend the call will be able to mint directly or leave their wallet address for future minting. We can reserve some POAPs (e.g., 10?) so that those who leave the wallet address can mint later on.
We have around 15 NFT unused. We would like to propose distributing them only to valuable users once a month via monthly discussion and distributing during the Community Call.
Governance proposal (well structured and finalized): RFC, Poll, Proposal.
Active and valuable users (Call, Discord, forum).
For continued support of Centrifuge (Youtube,Twitter, Discord, elsewhere)
We will distribute only 1 NFT a month to the most valuable users for Centrifuge. The most valuable user is selected by us using the metrics like the discord messages, attendance of community or governance calls, activity on Centrifuge forum, etc.
That NFT already has their price on opensea, but there is a high demand for them as we have around 15 NFT left, and their price will increase in the future, so we will attract the attention of more users.
In the future, we could add the role of Centrifuge NFT Holder in Discord/Forum.
All written ideas are free to implement (POAPs - free, NFT already minted and design finalized).
What is the step-by-step process for the user?
(1). POAP NFT
Plan A (Direct minting):
Attend the call.
Follow the link POAP - Homepage
Pass the captcha
Insert wallet address
Do the minting
Plan B (google sheet):
Attend the call.
Get the google sheet form after the call (The google form will be expired at some time after the call)
Fill out the Google Form with wallet address and discord handle
Wait for distribution/minting at a later time.
Potentially, receive a special role in discord as active participants.
(2). Opensea NFT
Become the most valuable users for Centrifuge, be active in our discord, Telegram, participate in the governance voting, and also attend the governance/community calls.
The Council during the Weekly call will discuss and select the most valuable user of the month.
The winner will be announced during the Gov/Community Call and will be also included the winner name in the monthly summary.
- Do you agree with the above process to incentivize participation in Governance with POAPs?
- Do you agree with the above process to incentivize participation in Governance with NFTs?
This poll is open until 10th June.