Ergo Foundation Announces New Initiative to Accelerate Ecosystem Growth
July 23, 2024
The Ergo Foundation (EF) is excited to unveil a new strategic initiative aimed at fostering the growth and sustainability of the Ergo Ecosystem. This comprehensive plan focuses on two key areas: funding innovative proposals from projects and the community in a budgeted manner and bringing new members into the Foundation gradually over time.
Empowering Community-Driven Innovation
The heart of this initiative lies in our commitment to funding marketing and development proposals from the Ergo Community. We believe that the best ideas for growing our ecosystem often come from those most passionate about it. To that end, we're introducing a new proposal system with the following key features:
- Open Submissions: Anyone in the community, including core developers, can submit proposals.
- Structured Format: Proposals should include a detailed project description, funding requirements, budget allocation, expected results, and a reporting timeline.
- Transparency: We aim to implement a public submission form to streamline the process.
- Responsible Funding: To ensure sustainability, we've set a monthly funding cap of $10,000 for marketing proposals.
For submissions use the form 👉 https://tally.so/r/mJ0jeY
Gluon Gold: EF’s First Approved Proposal
We're thrilled to announce that the first proposal approved under this new initiative is a marketing campaign for Gluon Gold. This project, proposed by The Stable Order, aims to promote Ergo's stablecoins and their integration with Rosen Bridge. The campaign will generate over 200 PRs across various media channels, benefiting multiple Ergo-based projects.
Welcoming New Voices
In an effort to broaden our perspective and strengthen our team, the EF is actively expanding its membership. We're pleased to share that @MGPAI (Shishir Pai) has agreed to join the Foundation. MGpai has a background in computer science and is a well-known Ergo-community developer. He is involved with several projects across the ecosystem including Zengate, Lilium, Phoenix Finance, ErgoNames, Rosen Bridge, and Oracles.
We're open to welcoming additional members who will have full voting rights within the EF. To ensure a smooth integration, new members will be onboarded gradually over time.
Looking Ahead
As we implement these changes, we remain committed to transparency. The EF will soon publish details of our liquid funds to help manage expectations and ensure accountability. We believe that by supporting projects that attract users and drive adoption, we can create sustainable growth for the entire Ergo Ecosystem.
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