Navigating Changes and Cultivating Future Prospects Amid Financial Uncertainties
Short Summary (1min read):
Daniel Keyes updated stakeholders on Pomelo Season 7 at the 22nd Swiss Antelope Workshop, announcing simplified matching pools for EOS projects and a total fund of 150,000 USD. Despite EOS Network Foundation’s reduced financial support and a potential pause in operations post this season, the team remains optimistic. They plan to launch the Pomelo Bounties initiative to foster community involvement and anticipate favorable market changes by 2024. Furthermore, efforts are underway to expand bounties to other blockchain networks, maintaining the platform's momentum despite uncertainties.
Full Summary (4min read):
📅 Event Details
Daniel Keyes presents the updates on Pomelo Season 7 at the 22nd Swiss Antelope Workshop. The season, commencing the application phase on September 20th and ending on October 11th, has the donation period between September 27th and October 18th. It introduces two simplified matching pools for EOS Native and EOS EVM projects, sharing a total fund of 150,000 USD to address the criticisms from the last season over the complexity of the grant qualification process.
💰 Funding
Season 7 funding, sourced from the EOS Network Foundation, is streamlined compared to the multifaceted pools of Season 6. The season eradicates confusion by establishing two distinct pools: EOS Native and EOS EVM, thereby allocating a larger amount to the EOS Native pool, which evolved from the highly participated “Everything EOS” pool of the previous season.
🔄 Token Support
The upcoming season is contemplating supporting EOS tokens exclusively, discarding Telos due to its diminished demand in the recent season. The intent is to facilitate a simpler donation procedure, although a conclusive decision remains pending.
🔮 Future Prospects
Season 7 witnesses the EOS Network Foundation retracting its support for Pomelo due to budgetary constraints spurred by a drop in the EOS price. The subsequent seasons hang in uncertainty, as Pomelo might pause operations post-season 7, grappling with financial instability and market fluctuations.
🛑 Funding Situation
ENF mulls over discontinuing its funding strategy for Pomelo amidst economic downturns and decreased returns on investments. The prospective "hibernation mode" for Pomelo grants, due to a bear market, signifies a tentative pause, awaiting favorable market conditions for resumption.
🔜 Future Prospects
Despite funding hurdles, the Pomelo team plans to launch the eagerly anticipated Pomelo Bounties initiative after Season 7. This venture promises to facilitate community involvement and contributions, giving enthusiasts something to look forward to.
🤝 Collaboration and Community
Though Pomelo might pause post-season 7, collaborations and community initiatives are expected to endure. Leveraging blockchain to store grant details, the platform encourages robust collaborations, fostering unity and optimism for future endeavors despite market downturns.
📉 Market Projection
The market's volatile nature is underscored with hopes of a favorable shift potentially in 2024. Even amidst the existing financial constraints, the sentiment leans towards persevering in building efforts, albeit with conservative resource management.
👫 Community Engagement
The emphasis lies on retaining community interaction through platforms like Pomelo, which transcends its role as a funding entity to be a confluence point for sharing projects. Bounties, despite requiring personal fund injections, stand recognized as versatile tools encouraging creativity and maintaining the vibrancy of the community.
📢 Bounty Details
The functioning of bounties in Pomelo caters to a broad spectrum of tasks, ranging from small-scale engagements to substantial projects. Bounties encourage user participation through simple activities, underlining the importance of fostering new user engagement through platforms like the Job Board.
🗓️ Upcoming Events
Bounties will launch officially around November, coinciding with the time when matching funds can be claimed. Before this, playground environments will be set up for real users to provide feedback during the testing phases.
🌐 Expansion
Bounties are planned to branch out to other chains including potentially WAX and Ethereum, facilitating a closer collaboration and easier native experiences across different blockchain networks. The objective is to streamline user experiences and eliminate complex processes associated with Inter-Blockchain Communication.
🖥 Operations
The Pomelo Bounties platform operates autonomously from Pomelo Grants, utilizing its unique technology and welcoming all users, not just Pomelo grant owners. It aims to nurture synergies and optimally utilize the broader ecosystem while operating under the Pomelo umbrella.
🔄 Future Prospects
Despite looming uncertainties, the Pomelo platform aspires to grow and introduce new features. The focus shifts towards bounties as grants enter a pause. Optimism prevails for a market recovery and a revitalization of the grant system, with the Pomelo team staying committed to nourishing the EOS and wider web3 ecosystems.
This summary was generated using AI. Please read PodSum's disclaimer for more information.
1 commentaire