Collecting general advices to improve KuChain
Announcement: here;
This brief describes the rules of KuChain Betanet Proposal Award Program and the rewards.
👉 Program duration: UTC+8 2020.07.01 10:00am - 2020.08.07 10:00am.
Proposals submitted before UTC+8 2020.07.01 10:00am and after UTC+8 2020.08.07 10:00am will be considered invalid.
👉 Please strictly follow the template format when you submit the proposal. Your proposal must be related to KuChain fundamental technology or decentralized financial business. Please note that one account can only publish one proposal, otherwise all of your proposals will be considered invalid.
ℹ️Draft White Paper (to be released by phases) ：here
- Bringing in greater and more disruptive notions standing on KuChain’s boldly rational vision.
- Challenge: Bringing in better alternative solutions to address specific pain-points or to optimize certain functionalities of KuChain.
- Application: Realizing the forward-looking technical logic and notion of KuChain into feasible plans.
- Criticism: Reviewing KuChain’s tech solution with multiple criteria including timetable, feasibility and applicability and proposing optimization solutions.
- Rules: Optimizing and specifying KuChain’s governance rules.
- Proposals: Bringing up detailed plans to realize certain products or functionalities based on KuChain’s technical conception (DeFi product for instance).
👉 All the proposals will be publicized in KuChain GitHub repository - Project Decalogue, and later ranked by public vote in the only form of 'LIKE'(👍 pick your reaction). By the end of KuChain Betanet event, Top 10 proposers will be sharing the $10,000 rewards.
Rewards will be paid out in KCS.
If your proposal ranks top 10, please provide us with an ERC-20 address to receive your reward. You may register a KuCoin account here.
*Prices will change with the cryptocurrency markets and the dollar amount listed below could change.
The rewards will be calculated and distributed according to the following formulas：
Note: n represents the total amount of winning proposals. N represents the ranking of the winning proposal.
From the NO.1 to the NO.n, you will receive the following amount of rewards. (Paid in KCS denominated in USD).
| NO.1 | NO.2 | NO.3 | …… | NO.(N-1) | No.N |
|---|---|---|---|---|---|
| nR | (n-1)R | (n-2)R | …… | (n-N)R | (n-N+1)R |
Below is the detail review process of your proposal report.
- Submit the proposal report on GitHub.
- Preliminary examination. Proposal reports that are deemed invalid will be closed, we will inform the proposer with the reason in the comment area under the proposal report (e.g. out of scope, incorrect report format, duplicates). Valid proposals will be qualified for the next round of review.
- The effective proposals which have passed the preliminary examination will remain open to public discussion and vote on GitHub till the end of the event. In case more specifications are needed when voting, we strongly encourage and recommend interactions with proposers in the comment area under each proposal.
- A week after the end of Proposal Award Program, an official announcement will be publicized on GitHub, citing top 10 rewarded proposals, including the proposers, ranking and the corresponding rewards. The result will also be delivered to the winning proposers by email.
- Rewards will be paid out in KCS to an ERC-20 address of the winners' two weeks after the official announcement of the result.
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Please be cautious when click the 'LIKE' (👍) button. Since your 'LIKE' (👍) counts as a vote which might skew the final proposal ranking.
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Please make sure to leave the correct contact information, as our core team will later reach out in the case that your proposals proved to be practical, relevant, innovative and beneficial to KuChain’s future development regardless of the Decalogue result, for further formulating an official on-chain proposal facilitating greater potential benefits for you and all stakeholders in the ecosystem.