- Problem: Proposal submissions are dropping off.
- Proposal: Monthly or quarterly contest to incentivize proposal ideas.
- Details: On a predefined schedule, the CoE will initiate a contest round for idea submissions. At the end of each round, the CoE will pick the best idea(s) and pay a bounty. The author can choose to engage in the development, knowing it has a high chance of retroactive funding, or decline and the CoE can initiate an RFP.
- Timeline: This could happen almost immediately.
- Best-case outcome: CoE receives a large number of high-quality ideas, and their proposal pipeline grows significantly.
- Worst-case outcome: Idea quality is low or too complex to implement or participation is too low, all of which impact bounty ROI.*
- Funding: TBD in the included three-part poll
*I see a potential problem in the current setup. Most of us come from the data science or finance world. Very few of us are full-blown developers or engineers. As a result, the current community base may lack the skillset or creative thinking to build high-quality projects.
Additionally, as people receive project funding, they potentially drop out of the availability pool, as their efforts to finish and improve their projects take precedent.
It may make sense for the CoE to actively recruit through Twitter and Linked-in, a new group of community members, with those skillsets. That, of course, could be a different proposal.
In the polls that follow, you will vote on:
- Should CoE fund an ongoing contest for proposal ideas?
- Should the contest be monthly, quarterly or other?
- How much should the bounty for a winning idea be?
The poll will close on September 15th, 2021 to allow everyone to vote and comment.
Should the CoE fund a proposal contest?
Should the contest be monthly, quarterly or other?
How much should the bounty for a winning idea be?
- 1 NMR
- 5 NMR
- 10 NMR
- More than ten (please comment in the thread with amount and reason)