Centrifuge Chain is the gateway for real-world assets to the Blockchain Multiverse. As the parachain project that wins the number 8 slot, Centrifuge raised 5,435,161 DOT during the crowdloan. Centrifuge bridges assets like invoices, real estate, and royalties to DeFi. For example, the Tinlake, a smart-contract based marketplace of asset pools bringing together Asset Originators and Investors who seek to utilize the full potential of DeFi, has more than 84 million TVL until today.
The market of Centrifuge would be global and should include the Chinese community. However, it is not easy, there is a lessening focus on the Chinese Community due to various reasons ( e.g, the language barriers). Now is the right time for active Chinese community members to organize themselves to help achieve the Centrifuge Mission. It used to be an active community for Centrifuge but now it is not very active. There is a Chinese Telegram with more than 1,550 people and several wechat groups with several hundred people in each group. In addition, we also have a few ambassadors who are still interested to be part of the Centrifuge Chinese Community and helping with growing the community.
The goal of this proposal is to request funds and grow the Centrifuge Chinese Community and bring more users to the Centrifuge ecosystem globally.
Here is the table with the details for using the budget:
|Chinese ambassadors||1. Be active in our TG, Wechat group, take care of the questions from the community
2. Build connections with other influencers in China and get involved in the events like live streaming AMA, in-person events, etc.
3. Weekly meeting to report any questions and suggestions from the community
|Build an active ambassador team to grow the Chinese community.||
Total: 12,000 CFG.
Rational: Each ambassador would get 500-1500 CFG per quarter, let’s take an average of 1000 per quarter, and 6 ambassadors for 2 quarters would be 2 * 6 * 1000 = 12,000
|Living stream AMA event||1. Invite Chinese influencers to join and share their opinion on CFG
2. Ambassadors share their understanding of CFG
3. Questions and sharing from audiences
|Around one event per month||
Total: 1,800 CFG.
Rational: 300 CFG per event x 6 months = 1800 CFG
|Educational content||Make educational videos or articles related to Centrifuge, like explaining the team and details of each pool, showing how to invest in the pool, how to use the CFG, how to buy CFG, how to mint NFT on Altair NFT market place, etc.||Help the Chinese community better understand Centrifuge.||
Total: 4000 CFG
Like each month 600 CFG, and give it to others based on the ranking or give a reward to each contributor.
|NFT on Altair marketplace||For Chinese community AMA participants, we will give the NFT on our own Altair marketplace (or Singular)||Promote Altair marketplace, and build NFT to promote CFG||
Total: 3,600 CFG
Give CFG to the NFT holders monthly. 600 X 6 month = 3600 CFG
|Special contest and competition||When there is an important holiday, we want to organize some special contests and competitions related to Centrifuge. For example, on gleam or on twitter, or even discord/telegram, users will answer questions correctly and win CFG||Build a good environment and attract new users||
Total: 1,000 CFG
Rational: maybe around two events and each would use 500 CFG.
|Translations||Translate the important announcement into Chinese so that the Chinese community would be aware of the important news or articles.||Chinese community would know the latest update from Centrifuge without any language barrier.||
Total: 1,600 CFG.
Some of the work can be done by ambassadors, but the members of the Chinese community can also participate and we will award them CFG if they can translate the news before our ambassadors.
Total fund requested is: 12000 + 1800 + 4000 + 3600 + 1000 + 1600 = 24,000 CFG
The above can be an estimate, so there might be small adjustments as needed, but by the end of 6 months, if we don’t use all 24,000 CFG, we can keep it for the next round, and another option is to share the rest of CFG to the NFT holders (we can discuss it in the community in the future).
The timeline for this proposal would be 6 months, after it is approved, so it could be between November this year and May 2023.
If you have any ideas or feedback to improve the proposal, I would really appreciate it if you can add your comment!